Canadian Natural Resources Ltd’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $41.29 on 04/11/24 and a low of $29.45 for the same time frame on 02/13/24.
52-week price history of CNQ Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Canadian Natural Resources Ltd’s current trading price is -25.28% away from its 52-week high, while its distance from the 52-week low is 4.74%. The stock’s price range during the 52-week period has remained between $29.45 and $41.29. In the Energy sector, the company’s shares saw a trading volume of around 7.54 million for the day, which was evidently higher than the average daily volume of 4.37 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Canadian Natural Resources Ltd (CNQ) has experienced a quarterly decline of -6.09% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 65.09B and boasts a workforce of 10272 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 34.41, with a change in price of -3.58. Similarly, Canadian Natural Resources Ltd recorded 4,699,038 in trading volume during the last 100 days, posting a change of -10.40%.
Examining CNQ’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 CNQ stands at 0.29. Similarly, the long-term debt-to-equity ratio is also 0.24.
CNQ Stock Stochastic Average
Canadian Natural Resources Ltd’s raw stochastic average for the past 50 days is presently 3.95%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 6.57%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 7.87% and 7.91%, respectively.
CNQ 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. The index has shown a price loss of -5.83% this year. Over the last six months, there has been a stronger performance of -8.43%. The price of CNQ leaped by -9.34% during the last 30 days period. For the last 5-days stocks have slided -4.75%.
