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. Newmont Corp’s current trading price is -35.64% away from its 52-week high, while its distance from the 52-week low is 28.45%. The stock’s price range during this period has varied between $29.42 and $58.72. The company, active in the Basic Materials sector, saw a trading volume of around 8.11 million for the day, considerably lower average daily volume of 10.62 million observed over the last three months.
Newmont Corp’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $58.72 on 10/22/24, and the lowest price during that time was $29.42, recorded on 02/28/24.
How Financial Performance Impacts Market Capitalization
Newmont Corp (NEM) has experienced a quarterly decline of -29.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 42.73B and boasts a workforce of 40200 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 47.63, with a change in price of -11.23. Similarly, Newmont Corp recorded 9,487,816 in trading volume during the last 100 days, posting a change of -22.91%.
How NEM’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 NEM stands at 0.31. Similarly, the long-term debt-to-equity ratio is also 0.30.
NEM Stock Stochastic Average
As of today, the raw stochastic average of Newmont Corp over the past 50 days is 4.76%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 16.43%. Additionally, the Stochastic %K and %D values for the company were 21.73% and 17.75%, respectively, over the past 20 days.
NEM 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 1.53%. However, over the past six months, we’ve seen a stronger performance of -14.37%. The price of NEM leaped by -8.74% over the last 30 days. And in the last five days, it has fallen by -0.13%.
