Sumo Logic Inc. (SUMO) is priced at $20.59 after the most recent trading session. At the very opening of the session, the stock price was $19.13 and reached a high price of $20.75, prior to closing the session it reached the value of $19.04. The stock touched a low price of $19.08.
Recently in News on March 10, 2021, Sumo Logic Signs Definitive Agreement to Acquire SOAR Provider DFLabs. DFLabs Award-winning IncMan Security Operations, Automation and Response solution will Integrate Directly into Sumo Logic’s Cloud SIEM to Deliver a Comprehensive Analytics and Automation Solution to Combat Modern Threat Challenges. You can read further details here
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, Sumo Logic Inc. shares are logging -55.60% during the 52-week period from high price, and 24.79% 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 $16.50 and $46.37.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 4015120 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 Sumo Logic Inc. (SUMO) recorded performance in the market was -27.96%, having the revenues showcasing -24.25% 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 2.11B, as it employees total of 759 workers.
Specialists analysis on Sumo Logic Inc. (SUMO)
During the last month, 0 analysts gave the Sumo Logic 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 27.60, with a change in the price was noted +1.57. In a similar fashion, Sumo Logic Inc. posted a movement of +8.25% for the period of last 100 days, recording 1,658,466 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 SUMO is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Trends and Technical analysis: Sumo Logic Inc. (SUMO)
Raw Stochastic average of Sumo Logic Inc. in the period of last 50 days is set at 16.36%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 70.03%. In the last 20 days, the company’s Stochastic %K was 50.85% and its Stochastic %D was recorded 40.64%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -27.96%. The shares increased approximately by 7.02% in the 7-day charts and went up by -6.37% in the period of the last 30 days. Common stock shares were lifted by -24.25% during last recorded quarter.