Pengaruh Profitabilitas dan Likuiditas terhadap Harga Saham pada Perusahaan Sektor Energi yang Terdaftar di Bursa Efek Indonesia Periode 2020 - 2024
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Abstract
This research is motivated by the significant fluctuations in stock prices within the energy sector on the Indonesia Stock Exchange (IDX) during the 2020–2024 period, driven by global dynamics and the COVID-19 pandemic. These changes emphasize the importance of analyzing a company's internal financial performance to predict market interest. The purpose of this study is to evaluate the influence of profitability, proxied by Return On Asset (ROA), and liquidity, proxied by Current Ratio (CR), on stock prices, both partially and simultaneously. The research method applied is descriptive quantitative with a multiple linear regression analysis approach using SPSS (Statistical Product and Service Solutions) software. Sample selection was conducted using the purposive sampling technique, resulting in 20 energy companies with a total of 61 observation data after eliminating outlier data. The partial test results (t-test) show that Return On Asset (ROA) and Current Ratio (CR) each have a positive but non-significant effect on stock prices. Meanwhile, the simultaneous test results (F-test) prove that profitability (ROA) and liquidity (CR) simultaneously have a significant effect on stock prices in energy sector companies listed on the Indonesia Stock Exchange (IDX) for the 2020–2024 period.
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References
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