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. McCormick & Co., Inc’s current trading price is -14.81% away from its 52-week high, while its distance from the 52-week low is 14.38%. The stock’s price range during this period has varied between $63.67 and $85.49. The company, active in the Consumer Defensive sector, saw a trading volume of around 0.87 million for the day, considerably lower average daily volume of 1.72 million observed over the last three months.
McCormick & Co., Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $85.49 on 09/16/24, with the lowest value being $63.67 on 11/30/23.
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How Financial Performance Impacts Market Capitalization
McCormick & Co., Inc (MKC) has experienced a quarterly decline of -6.83% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 19.55B and boasts a workforce of 13800 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 78.08, with a change in price of +5.03. Similarly, McCormick & Co., Inc recorded 1,820,682 in trading volume during the last 100 days, posting a change of +7.43%.
How MKC’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 MKC stands at 0.85. Similarly, the long-term debt-to-equity ratio is also 0.62.
MKC Stock Stochastic Average
As of today, the raw stochastic average of McCormick & Co., Inc over the past 50 days is 0.93%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 1.59%. Additionally, the Stochastic %K and %D values for the company were 2.86% and 7.03%, respectively, over the past 20 days.
MKC 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. The metric has seen a significant gain of 6.44% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -1.60%. Over the past 30 days, the price of MKC has leaped by -8.99%. And in the last five days, it has fallen by -6.02%.
