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Canadian Natural Resources Ltd: Rising -19.35% from 52-Week Low, Can the Stock Stay Afloat?

In terms of market performance, Canadian Natural Resources Ltd had a somewhat regular. The highest value for the stock in the past year was $41.29 on 04/11/24, while the lowest value was $29.45 on 02/13/24.

52-week price history of CNQ Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Canadian Natural Resources Ltd’s current trading price is -19.35% away from its 52-week high, while its distance from the 52-week low is 13.05%. The stock’s price range for this period has remained between $29.45 and $41.29. The Energy sector company’s shares managed to surpass a trading volume of around 2.7 million for the day, which was noticeably lower compared to the shares’ average daily volume of 4.69 million over the last three months.

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Financial Performance and Market Capitalization

Canadian Natural Resources Ltd (CNQ) has experienced a quarterly decline of -8.82% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 70.26B and boasts a workforce of 10272 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 34.78, with a change in price of -2.61. Similarly, Canadian Natural Resources Ltd recorded 4,811,015 in trading volume during the last 100 days, posting a change of -7.24%.

CNQ Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CNQ stands at 0.29. Similarly, the long-term debt-to-equity ratio is also 0.24.

CNQ Stock Stochastic Average

As of today, the raw stochastic average of Canadian Natural Resources Ltd over the past 50 days is 16.37%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 31.88%. Additionally, the Stochastic %K and %D values for the company were 60.87% and 65.83%, respectively, over the past 20 days.

CNQ Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 1.65% this year. Over the last six months, there has been a stronger performance of -11.35%. The price of CNQ leaped by -4.09% during the last 30 days period. For the last 5-days stocks have slided -1.10%.

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