At the end of the latest market close, Edesa Biotech Inc. (EDSA) was valued at $6.61. In that particular session, Stock kicked-off at the price of $6.62 while reaching the peak value of $7.05 and lowest value recorded on the day was $6.53. The stock current value is $5.52.
Recently in News on February 26, 2021, Edesa Biotech Increases Previously Announced Bought Deal Offering of Common Shares to $10.0 Million. Edesa Biotech, Inc. (Nasdaq:EDSA), a clinical-stage biopharmaceutical company focused on inflammatory and immune-related diseases, today announced that, due to demand, the underwriter has agreed to increase the size of the previously announced public offering and purchase on a firm commitment basis 1,562,500 common shares of Edesa, at a price to the public of $6.40 per share, less underwriting discounts and commissions. The closing of the offering is expected to occur on or about March 2, 2021, subject to satisfaction of customary closing conditions. You can read further details here
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Edesa Biotech Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $9.10 on 01/26/21, with the lowest value was $4.05 for the same time period, recorded on 01/04/21.
Edesa Biotech Inc. (EDSA) full year performance was 115.31%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Edesa Biotech Inc. shares are logging -71.10% during the 52-week period from high price, and 249.34% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.58 and $19.10.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 771802 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Edesa Biotech Inc. (EDSA) recorded performance in the market was 55.53%, having the revenues showcasing 18.67% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 70.73M, as it employees total of 12 workers.
Market experts do have their say about Edesa Biotech Inc. (EDSA)
During the last month, 0 analysts gave the Edesa Biotech Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 5.84, with a change in the price was noted -2.69. In a similar fashion, Edesa Biotech Inc. posted a movement of -33.05% for the period of last 100 days, recording 420,471 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for EDSA is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical breakdown of Edesa Biotech Inc. (EDSA)
Raw Stochastic average of Edesa Biotech Inc. in the period of last 50 days is set at 27.65%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 4.49%. In the last 20 days, the company’s Stochastic %K was 27.72% and its Stochastic %D was recorded 29.65%.
Bearing in mind the latest performance of Edesa Biotech Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 55.53%. Additionally, trading for the stock in the period of the last six months notably improved by 5.25%, alongside a boost of 115.31% for the period of the last 12 months. The shares increased approximately by -6.51% in the 7-day charts and went up by -11.63% in the period of the last 30 days. Common stock shares were driven by 18.67% during last recorded quarter.