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. Gran Tierra Energy Inc’s current trading price is -58.00% away from its 52-week high, while its distance from the 52-week low is 18.14%. The stock’s price range during this period has varied between $3.34 and $9.38. The company, active in the Energy sector, saw a trading volume of around 0.74 million for the day, considerably higher average daily volume of 0.28 million observed over the last three months.
The current stock price for Gran Tierra Energy Inc (GTE) is $3.94. The stock experienced a significant increase during the last trading session, reaching $6.14 after opening at $3.94. It dipped to a low of $6.14 before ultimately closing at $4.48.
Gran Tierra Energy Inc’s stock has had a tumultuous market performance.
How Financial Performance Impacts Market Capitalization
Gran Tierra Energy Inc (GTE) has experienced a quarterly decline of -8.80% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 139.05M and boasts a workforce of 431 employees.
Decoding Analysts’ Ratings for Gran Tierra Energy Inc
As of right now, 2 analysts are rating Gran Tierra Energy Inc as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
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 4.74, with a change in price of -0.60. Similarly, Gran Tierra Energy Inc recorded 272,078 in trading volume during the last 100 days, posting a change of -13.22%.
How GTE’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 GTE stands at 2.02. Similarly, the long-term debt-to-equity ratio is also 1.98.
GTE Stock Stochastic Average
As of today, the raw stochastic average of Gran Tierra Energy Inc over the last 50 days is at 3.29%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 6.96%. Further, the company’s Stochastic %K and %D values for the last 20 days were 17.17% and 21.56%, respectively.
GTE Stock Price Performance Analysis
The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. The metric has seen a significant loss of -55.07% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -31.24%. Over the past 30 days, the price of GTE has leaped by -20.24%. And in the last five days, it has fallen by -14.90%.
