Independence Realty Trust Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $21.23 on 11/11/24, while the lowest value for the same period was recorded at $12.89 on 11/20/23.
52-week price history of IRT 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. Independence Realty Trust Inc’s current trading price is -1.79% away from its 52-week high, while its distance from the 52-week low is 61.74%. The stock’s price range during the 52-week period has remained between $12.89 and $21.23. In the Real Estate sector, the company’s shares saw a trading volume of around 2.33 million for the day, which was evidently higher than the average daily volume of 2.08 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Independence Realty Trust Inc (IRT) has experienced a quarterly rise of 6.81% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.82B and boasts a workforce of 952 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 19.71, with a change in price of +2.60. Similarly, Independence Realty Trust Inc recorded 2,094,987 in trading volume during the last 100 days, posting a change of +14.25%.
Examining IRT’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 IRT stands at 0.68. Similarly, the long-term debt-to-equity ratio is also 0.68.
IRT Stock Stochastic Average
As of today, Independence Realty Trust Inc’s raw stochastic average for the last 50 days stands at 84.65%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 82.92%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 80.22% and 83.72%, respectively.
IRT Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. This year’s metric has recorded a Price increase of 36.27%. However, over the past six months, we’ve seen a weaker performance of 21.72%. The price of IRT fallen by 4.41% over the last 30 days. And in the last five days, it has surged by 1.56%.
