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Lam Research Corp’s Bumpy Road: Analyzing the 52-Week Range and Future Prospects

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Lam Research Corp’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $113.00 on 07/11/24, and the lowest price during that time was $68.72, recorded on 12/05/23.

52-week price history of LRCX 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. Lam Research Corp’s current trading price is -30.52% away from its 52-week high, while its distance from the 52-week low is 14.25%. The stock’s price range for this period has remained between $68.72 and $113.00. The Technology sector company’s shares managed to surpass a trading volume of around 20.05 million for the day, which was noticeably higher compared to the shares’ average daily volume of 12.55 million over the last three months.

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Financial Performance and Market Capitalization

Lam Research Corp (LRCX) has experienced a quarterly rise of 2.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 104.28B and boasts a workforce of 17450 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 80.44, with a change in price of -27.48. Similarly, Lam Research Corp recorded 12,878,418 in trading volume during the last 100 days, posting a change of -25.93%.

LRCX 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 LRCX stands at 0.59. Similarly, the long-term debt-to-equity ratio is also 0.53.

LRCX Stock Stochastic Average

As of today, the raw stochastic average of Lam Research Corp over the last 50 days is at 54.49%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 90.99%. Further, the company’s Stochastic %K and %D values for the last 20 days were 54.59% and 38.78%, respectively.

LRCX Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The metric has seen a significant gain of 0.23% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -16.09%. Over the past 30 days, the price of LRCX has fallen by 5.60%. And in the last five days, it has surged by 8.08%.

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