Diamondback Energy Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $212.93 on 07/17/24, and the lowest price during that time was $142.17, recorded on 12/06/23.
52-week price history of FANG Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Diamondback Energy Inc’s current trading price is -17.64% away from its 52-week high, while its distance from the 52-week low is 23.35%. The stock’s price range during this period has fluctuated between $142.17 and $212.93. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 1.49 million for the day, which was evidently lower than the average daily volume of 2.1 million over the last three months.
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Financial Performance and Market Capitalization
Diamondback Energy Inc (FANG) has experienced a quarterly decline of -7.69% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 51.69B and boasts a workforce of 1023 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 190.49, with a change in price of -14.71. Similarly, Diamondback Energy Inc recorded 1,823,246 in trading volume during the last 100 days, posting a change of -7.73%.
FANG Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for FANG stands at 0.35. Similarly, the long-term debt-to-equity ratio is also 0.32.
FANG Stock Stochastic Average
The raw stochastic average for Diamondback Energy Inc over the last 50 days is presently at 23.90%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 6.21%. Further, the company’s Stochastic %K and %D values for the last 20 days were 9.93% and 8.32%, respectively.
FANG Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 15.89%. However, over the past six months, we’ve seen a stronger performance of -12.80%. The price of FANG leaped by -12.10% over the last 30 days. And in the last five days, it has fallen by -0.16%.
