Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Patrick Industries, Inc’s current trading price is -12.94% away from its 52-week high, while its distance from the 52-week low is 27.14%. The stock’s price range over this period has fluctuated between $67.72 and $98.90. The company, operating within the financial sector, had a trading volume of approximately 0.23 million for the day, which was noticeably lower than the average daily share volume of 0.4 million over the last 3 months.
Patrick Industries, Inc’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $98.90 on 10/04/24 and a low of $67.72 for the same time frame on 06/14/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Patrick Industries, Inc (PATK) has experienced a quarterly decline of -5.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.88B and boasts a workforce of 10000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 86.85, with a change in price of +2.60. Similarly, Patrick Industries, Inc recorded 383,285 in trading volume during the last 100 days, posting a change of +3.11%.
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 PATK stands at 1.43. Similarly, the long-term debt-to-equity ratio is also 1.38.
PATK Stock Stochastic Average
Today’s raw stochastic average for Patrick Industries, Inc over the last 50 days is 77.21%.This indicates a increase from the raw stochastic average of the past 20 days, which was 73.69%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 76.50% and 82.80%, respectively.
PATK Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 3.64% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -0.41%. Over the past 30 days, the price of PATK has fallen by 7.68%. And in the last five days, it has fallen by -2.74%.
