Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Northern Oil and Gas Inc’s current trading price is -8.04% away from its 52-week high, while its distance from the 52-week low is 29.39%. The stock’s price range during this period has varied between $31.13 and $43.80. The company, active in the Energy sector, saw a trading volume of around 2.05 million for the day, considerably higher average daily volume of 1.22 million observed over the last three months.
Northern Oil and Gas Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $43.80 on 07/31/24, and the lowest price during that time was $31.13, recorded on 02/05/24.
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How Financial Performance Impacts Market Capitalization
Northern Oil and Gas Inc (NOG) has experienced a quarterly rise of 5.67% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.03B and boasts a workforce of 38 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 38.01, with a change in price of +3.18. Similarly, Northern Oil and Gas Inc recorded 1,404,904 in trading volume during the last 100 days, posting a change of +8.58%.
How NOG’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for NOG stands at 0.84. Similarly, the long-term debt-to-equity ratio is also 0.84.
NOG Stock Stochastic Average
As of today, the raw stochastic average of Northern Oil and Gas Inc over the past 50 days is 85.58%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 79.38%. Additionally, the Stochastic %K and %D values for the company were 38.18% and 20.01%, respectively, over the past 20 days.
NOG Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 8.66%. However, over the past six months, we’ve seen a stronger performance of -0.30%. The price of NOG fallen by 2.34% over the last 30 days. And in the last five days, it has surged by 10.45%.
