The stock price for Openlane Inc (KAR) currently stands at $28.9. The stock experienced a substantial increase in the last session, hitting $34.0 after starting at $28.9. The stock’s lowest price was $22.0 before closing at $25.04.
Openlane Inc saw a rather consistency, in terms of market performance.
52-week price history of KAR Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Openlane Inc’s current trading price is 11.00% away from its 52-week high, while its distance from the 52-week low is 87.18%. The stock’s price range during this period has spanned from $15.44 to $26.03. In the Consumer Cyclical sector, the Openlane Inc’s shares surpassed a trading volume of approximately 2.86 million for the day, which was noticeably higher compared to the average daily volume of 9.0.89 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Openlane Inc (KAR) has experienced a quarterly rise of 49.43% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.10B and boasts a workforce of 4800 employees.
A Closer Look at Analysts’ Ratings for Openlane Inc
As of right now, 2 analysts are rating Openlane Inc as a BUY, 2 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 22.09, with a change in price of +8.74. Similarly, Openlane Inc recorded 894,508 in trading volume during the last 100 days, posting a change of +43.35%.
Examining KAR’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for KAR stands at 1.69. Similarly, the long-term debt-to-equity ratio is also 0.47.
KAR Stock Stochastic Average
Today’s raw stochastic average for Openlane Inc over the last 50 days is 97.01%.This indicates a increase from the raw stochastic average of the past 20 days, which was 95.81%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 49.33% and 26.43%, respectively.
KAR Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price increase of 64.30%. However, over the past six months, we’ve seen a weaker performance of 41.46%. The price of KAR fallen by 15.60% over the last 30 days. And in the last five days, it has surged by 17.24%.
