What Drives Air Canada’s Stock Movements?

January 13, 2025 06:29 AM EST | By Team Kalkine Media

What Drives Air Canada’s Stock Movements? — Image source: Shutterstock

Recent Stock Performance

The stock opened trading at a price slightly above its recent averages, reflecting market sentiment around the company's performance. Over the past year, its trading range has seen significant movement, with the lowest and highest stock prices varying substantially. The fifty-day and two-hundred-day moving averages indicate trends over short and longer timeframes.

Key Financial Metrics

Air Canada's financial ratios provide insight into its operational stance. Its price-to-earnings ratio and P/E/G ratio are indicative of the relationship between its earnings and valuation. Additionally, the beta value suggests higher sensitivity to broader market conditions.

Debt and Liquidity

The company's debt-to-equity ratio highlights the extent of its leveraged position in financing operations. Liquidity ratios, including the current ratio and quick ratio, underscore the company’s ability to manage short-term obligations efficiently.

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