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. Eldorado Gold Corp’s current trading price is -27.86% away from its 52-week high, while its distance from the 52-week low is 41.46%. The stock’s price range during this period has varied between $9.72 and $19.06. The company, active in the Basic Materials sector, saw a trading volume of around 0.89 million for the day, considerably lower average daily volume of 1.38 million observed over the last three months.
Eldorado Gold Corp’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $19.06 on 10/21/24, and the lowest price during that time was $9.72, recorded on 02/23/24.
How Financial Performance Impacts Market Capitalization
Eldorado Gold Corp (EGO) has experienced a quarterly decline of -14.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.82B and boasts a workforce of 4869 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 16.01, with a change in price of -4.61. Similarly, Eldorado Gold Corp recorded 1,476,538 in trading volume during the last 100 days, posting a change of -24.97%.
How EGO’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 EGO stands at 0.23. Similarly, the long-term debt-to-equity ratio is also 0.23.
EGO Stock Stochastic Average
As of today, the raw stochastic average of Eldorado Gold Corp over the past 50 days is 4.75%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 6.79%. Additionally, the Stochastic %K and %D values for the company were 24.75% and 26.74%, respectively, over the past 20 days.
EGO 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 decrease of -7.53%. However, over the past six months, we’ve seen a stronger performance of -23.27%. The price of EGO leaped by -8.03% over the last 30 days. And in the last five days, it has fallen by -7.41%.
