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. Essent Group Ltd’s current trading price is -17.59% away from its 52-week high, while its distance from the 52-week low is 6.29%. The stock’s price range during this period has varied between $50.65 and $65.33. The company, active in the Financial sector, saw a trading volume of around 0.22 million for the day, considerably lower average daily volume of 0.67 million observed over the last three months.
Essent Group Ltd’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $65.33 on 09/19/24, and the lowest price during that time was $50.65, recorded on 02/09/24.
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How Financial Performance Impacts Market Capitalization
Essent Group Ltd (ESNT) has experienced a quarterly decline of -14.85% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.72B and boasts a workforce of 536 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 59.88, with a change in price of -6.11. Similarly, Essent Group Ltd recorded 585,153 in trading volume during the last 100 days, posting a change of -10.19%.
How ESNT’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 ESNT stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.09.
ESNT Stock Stochastic Average
As of today, the raw stochastic average of Essent Group Ltd over the past 50 days is 12.49%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 25.80%. Additionally, the Stochastic %K and %D values for the company were 19.88% and 15.35%, respectively, over the past 20 days.
ESNT 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 increase of 2.09%. However, over the past six months, we’ve seen a stronger performance of -3.53%. The price of ESNT leaped by -5.14% over the last 30 days. And in the last five days, it has fallen by -1.45%.
