Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Canadian Natural Resources Ltd’s current trading price is -19.81% away from its 52-week high, while its distance from the 52-week low is 12.41%. The stock’s price range over this period has fluctuated between $29.45 and $41.29. The company, operating within the financial sector, had a trading volume of approximately 6.06 million for the day, which was noticeably higher than the average daily share volume of 4.56 million over the last 3 months.
Canadian Natural Resources Ltd experienced a rather shaky stock market performance. The highest value in the past year was recorded at $41.29 on 04/11/24 and the lowest value was $29.45 on 02/13/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Canadian Natural Resources Ltd (CNQ) has experienced a quarterly decline of -2.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 69.86B and boasts a workforce of 10272 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 34.66, with a change in price of -3.58. Similarly, Canadian Natural Resources Ltd recorded 4,718,893 in trading volume during the last 100 days, posting a change of -9.76%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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
Today, Canadian Natural Resources Ltd’s raw stochastic average for the past 50 days stands at 11.28%, indicating a decline from the raw stochastic average of the last 20 days, which was 20.50%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 42.17% and 45.53% respectively.
CNQ Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 1.07%. However, over the past six months, we’ve seen a stronger performance of -7.51%. The price of CNQ leaped by -3.33% over the last 30 days. And in the last five days, it has fallen by -0.27%.
