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. Corebridge Financial Inc’s current trading price is -6.49% away from its 52-week high, while its distance from the 52-week low is 61.48%. The stock’s price range during this period has varied between $20.07 and $34.66. The company, active in the Financial sector, saw a trading volume of around 2.75 million for the day, considerably lower average daily volume of 3.74 million observed over the last three months.
Corebridge Financial Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $34.66 on 05/16/24, and the lowest price during that time was $20.07, recorded on 12/06/23.
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How Financial Performance Impacts Market Capitalization
Corebridge Financial Inc (CRBG) has experienced a quarterly rise of 12.18% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 18.44B and boasts a workforce of 5700 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 29.35, with a change in price of +2.92. Similarly, Corebridge Financial Inc recorded 3,449,976 in trading volume during the last 100 days, posting a change of +9.90%.
How CRBG’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 CRBG stands at 0.88. Similarly, the long-term debt-to-equity ratio is also 0.88.
CRBG Stock Stochastic Average
As of today, the raw stochastic average of Corebridge Financial Inc over the last 50 days is at 78.07%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 64.75%. Further, the company’s Stochastic %K and %D values for the last 20 days were 57.17% and 51.89%, respectively.
CRBG 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 49.63%. However, over the last six months, the performance has been weaker by 9.35%. The price of CRBG increased 1.28% over the last 30 days. And in the last five days, it has surged by 5.78%.
