Microchip Technology, Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $100.57 on 05/24/24, while the lowest price for the same duration was marked at $71.76 on 08/07/24.
52-week price history of MCHP Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Microchip Technology, Inc’s current trading price is -26.23% away from its 52-week high, while its distance from the 52-week low is 3.38%. The stock’s price range during the 52-week period has remained between $71.76 and $100.57. In the Technology sector, the company’s shares saw a trading volume of around 2.27 million for the day, which was evidently lower than the average daily volume of 5.88 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Microchip Technology, Inc (MCHP) has experienced a quarterly rise of 3.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 39.80B and boasts a workforce of 22300 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 81.77, with a change in price of -18.94. Similarly, Microchip Technology, Inc recorded 6,114,117 in trading volume during the last 100 days, posting a change of -20.41%.
Examining MCHP’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for MCHP stands at 0.97. Similarly, the long-term debt-to-equity ratio is also 0.96.
MCHP Stock Stochastic Average
Microchip Technology, Inc’s raw stochastic average for the past 50 days is presently 12.02%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 17.73%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 25.31% and 23.76%, respectively.
MCHP 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. Year to date metric has recorded a loss of -17.73%.However, over the last six months, we can see a stronger performance of -19.41%. Over the last 30 days, the price of MCHP has leaped by -2.96%. And in the last five days, it has fallen by -6.15%.
