The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. MGIC Investment Corp’s current trading price is -6.97% away from its 52-week high, while its distance from the 52-week low is 23.67%. The stock’s price range for this period has been between $19.98 and $26.56 The company’s shares, which are part of the Financial sector, had a trading volume of approximately 2.37 million for the day, a number notably lower than the average daily volume of 2.44 million over the last three months.
MGIC Investment Corp saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $26.56 on 11/25/24, while the lowest price for the same duration was marked at $19.98 on 04/25/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
MGIC Investment Corp (MTG) has experienced a quarterly decline of -0.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.99B and boasts a workforce of 555 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 24.27, with a change in price of -1.40. Similarly, MGIC Investment Corp recorded 2,117,879 in trading volume during the last 100 days, posting a change of -5.36%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for MTG stands at 0.12. Similarly, the long-term debt-to-equity ratio is also 0.12.
MTG Stock Stochastic Average
As of today, MGIC Investment Corp’s raw stochastic average for the last 50 days stands at 76.31%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 76.31%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 66.48% and 58.10%, respectively.
MTG Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 4.22% this year. Over the last six months, there has been a stronger performance of -2.60%. The price of MTG fallen by 1.73% during the last 30 days period. For the last 5-days stocks have improved 3.65%.
