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. Ingevity Corp’s current trading price is -32.96% away from its 52-week high, while its distance from the 52-week low is 22.14%. The stock’s price range during this period has varied between $30.90 and $56.29. The company, active in the Basic Materials sector, saw a trading volume of around 0.25 million for the day, considerably lower average daily volume of 0.29 million observed over the last three months.
Ingevity Corp’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $56.29 on 05/03/24, and the lowest price during that time was $30.90, recorded on 10/03/24.
How Financial Performance Impacts Market Capitalization
Ingevity Corp (NGVT) has experienced a quarterly rise of 9.26% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.37B and boasts a workforce of 1700 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 40.34, with a change in price of +2.29. Similarly, Ingevity Corp recorded 300,829 in trading volume during the last 100 days, posting a change of +6.46%.
How NGVT’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 NGVT stands at 7.26. Similarly, the long-term debt-to-equity ratio is also 6.70.
NGVT Stock Stochastic Average
As of today, the raw stochastic average of Ingevity Corp over the last 50 days is at 21.61%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 3.41%. Further, the company’s Stochastic %K and %D values for the last 20 days were 5.17% and 5.74%, respectively.
NGVT Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -7.39%. However, over the last six months, the performance has been stronger by -9.21%. The price of NGVT decreased -19.89% over the last 30 days. And in the last five days, it has fallen by -7.39%.
