Microchip Technology, Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $100.57 on 05/24/24, while the lowest price for the same period was registered at $62.62 on 11/15/24.
52-week price history of MCHP Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Microchip Technology, Inc’s current trading price is -30.09% away from its 52-week high, while its distance from the 52-week low is 12.27%. The stock’s price range during this period has spanned from $62.62 to $100.57. In the Technology sector, the Microchip Technology, Inc’s shares surpassed a trading volume of approximately 6.84 million for the day, which was noticeably higher compared to the average daily volume of 9.6.28 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Microchip Technology, Inc (MCHP) has experienced a quarterly decline of -7.97% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 37.92B and boasts a workforce of 22300 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 77.56, with a change in price of -21.78. Similarly, Microchip Technology, Inc recorded 6,543,113 in trading volume during the last 100 days, posting a change of -23.65%.
Examining MCHP’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for MCHP stands at 1.03. Similarly, the long-term debt-to-equity ratio is also 0.71.
MCHP Stock Stochastic Average
Today, Microchip Technology, Inc’s raw stochastic average for the past 50 days stands at 40.42%, indicating a decline from the raw stochastic average of the last 20 days, which was 52.73%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 42.25% and 38.45% respectively.
MCHP Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -22.03%. However, over the past six months, we’ve seen a stronger performance of -26.47%. The price of MCHP leaped by -4.17% over the last 30 days. And in the last five days, it has surged by 5.43%.
