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Why is Eargo Inc. (EAR) down -93.86% from the day 1 this year?

For the readers interested in the stock health of Eargo Inc. (EAR). It is currently valued at $1.33. When the transactions were called off in the previous session, Stock hit the highs of $1.48, after setting-off with the price of $1.46. Company’s stock value dipped to $1.32 during the trading on the day. When the trading was stopped its value was $1.46.Recently in News on September 20, 2022, Eargo Announces Proxy Solicitation for 2022 Annual Meeting; Launch of Proxy Solicitation Web Site. Eargo, Inc. (NASDAQ: EAR) (“Eargo”, the “Company,” “we,” or “us”), a medical device company on a mission to improve hearing health, today announced that it had begun its proxy solicitation for the 2022 Annual Meeting of the Stockholders to be held on Wednesday, October 12, 2022 at 11 A.M. Pacific Time (the “Annual Meeting”). The Company filed its definitive proxy Statement (as amended, the “Definitive Proxy Statement”) for the Annual Meeting on September 13, 2022 and has commenced mailing of the Definitive Proxy Statement and related proxy materials to stockholders of record as of the close of business on September 6, 2022. You can read further details here

Eargo Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $8.5500 on 01/06/22, with the lowest value was $0.6701 for the same time period, recorded on 07/28/22.

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Eargo Inc. (EAR) full year performance was -93.86%

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, Eargo Inc. shares are logging -94.03% during the 52-week period from high price, and 98.48% 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 $0.67 and $22.28.

The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 915987 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Eargo Inc. (EAR) recorded performance in the market was -73.92%, having the revenues showcasing 12.71% 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 55.08M, as it employees total of 257 workers.

Market experts do have their say about Eargo Inc. (EAR)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.4168, with a change in the price was noted -2.45. In a similar fashion, Eargo Inc. posted a movement of -64.81% for the period of last 100 days, recording 6,133,376 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 EAR is recording 8.93 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Technical breakdown of Eargo Inc. (EAR)

Raw Stochastic average of Eargo Inc. in the period of last 50 days is set at 23.82%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 0.86%. In the last 20 days, the company’s Stochastic %K was 2.37% and its Stochastic %D was recorded 2.50%.

Bearing in mind the latest performance of Eargo Inc., several 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 -73.92%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -75.19%, alongside a downfall of -93.86% for the period of the last 12 months. The shares increased approximately by -18.90% in the 7-day charts and went up by -46.37% in the period of the last 30 days. Common stock shares were driven by 12.71% during last recorded quarter.

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