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PAA: Riding the Market Waves of Growth and Decline in 2023

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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. Year to date metric has recorded a gain of 12.41%.However, over the last six months, we can see a stronger performance of -1.62%. Over the last 30 days, the price of PAA has leaped by -2.01%. And in the last five days, it has fallen by -2.29%.

Plains All American Pipeline LP experienced a rather steady stock market performance. The highest value in the past year was recorded at $19.17 on 07/22/24 and the lowest value was $14.46 on 12/13/23.

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52-week price history of PAA Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Plains All American Pipeline LP’s current trading price is -11.16% away from its 52-week high, while its distance from the 52-week low is 17.77%. The stock’s price range during this period has varied between$14.46 and $19.17. The Plains All American Pipeline LP’s shares, which operate in the Energy, saw a trading volume of around 1.54 million for the day, a figure considerably lower than their average daily volume of 2.42 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Plains All American Pipeline LP (PAA) has experienced a quarterly decline of -1.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 11.98B and boasts a workforce of 4200 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 17.68, with a change in price of -0.55. Similarly, Plains All American Pipeline LP recorded 2,369,443 in trading volume during the last 100 days, posting a change of -3.10%.

PAA’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for PAA stands at 0.81. Similarly, the long-term debt-to-equity ratio is also 0.73.

PAA Stock Stochastic Average

Plains All American Pipeline LP’s raw stochastic average for the past 50 days is presently 42.01%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 44.29%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 47.19% and 56.43%, respectively.

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