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. Royal Bank Of Canada’s current trading price is -3.60% away from its 52-week high, while its distance from the 52-week low is 43.95%. The stock’s price range during this period has varied between $85.02 and $126.96. The company, active in the Financial sector, saw a trading volume of around 0.54 million for the day, considerably lower average daily volume of 1.01 million observed over the last three months.
Royal Bank Of Canada’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $126.96 on 10/17/24, and the lowest price during that time was $85.02, recorded on 11/28/23.
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How Financial Performance Impacts Market Capitalization
Royal Bank Of Canada (RY) has experienced a quarterly rise of 9.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 242.00B and boasts a workforce of 91398 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 117.39, with a change in price of +16.03. Similarly, Royal Bank Of Canada recorded 1,073,475 in trading volume during the last 100 days, posting a change of +15.07%.
How RY’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 RY stands at 2.89. Similarly, the long-term debt-to-equity ratio is also 0.55.
RY Stock Stochastic Average
As of today, the raw stochastic average of Royal Bank Of Canada over the last 50 days is at 34.93%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 27.16%. Further, the company’s Stochastic %K and %D values for the last 20 days were 38.39% and 44.89%, respectively.
RY 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. Until today this year the stock’s price performance recorded an increase of 21.02%. However, over the last six months, the performance has been weaker by 15.47%. The price of RY decreased -2.95% over the last 30 days. And in the last five days, it has fallen by -1.73%.
