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Here is why LumiraDx Limited (LMDX) recent weekly performance of 24.55% shouldn’t bother you at All

Let’s start up with the current stock price of LumiraDx Limited (LMDX), which is $1.37 to be very precise. The Stock rose vividly during the last session to $1.40 after opening rate of $1.27 while the lowest price it went was recorded $1.19 before closing at $1.16.Recently in News on November 14, 2022, LumiraDx Continues Commercial Expansion of its Rapid Microfluidic Immunoassay HbA1c Test. Now Available in Europe, parts of the Middle East, Asia, Latin America, and Africa. You can read further details here

LumiraDx Limited had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $10.4200 on 01/05/22, with the lowest value was $0.7711 for the same time period, recorded on 10/11/22.

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LumiraDx Limited (LMDX) full year performance was -86.76%

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, LumiraDx Limited shares are logging -87.36% during the 52-week period from high price, and 77.67% 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 $0.77 and $10.84.

The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 1893973 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 LumiraDx Limited (LMDX) recorded performance in the market was -84.62%, having the revenues showcasing 5.38% 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 223.80M, as it employees total of 1513 workers.

Specialists analysis on LumiraDx Limited (LMDX)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.4263, with a change in the price was noted -1.29. In a similar fashion, LumiraDx Limited posted a movement of -48.50% for the period of last 100 days, recording 600,231 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 LMDX is recording 21.30 at the time of this writing. In addition, long term Debt to Equity ratio is set at 20.93.

Trends and Technical analysis: LumiraDx Limited (LMDX)

Raw Stochastic average of LumiraDx Limited in the period of last 50 days is set at 78.92%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 94.74%. In the last 20 days, the company’s Stochastic %K was 78.87% and its Stochastic %D was recorded 69.70%.

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 -84.62%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -63.76%, alongside a downfall of -86.76% for the period of the last 12 months. The shares increased approximately by 24.55% in the 7-day charts and went down by 53.07% in the period of the last 30 days. Common stock shares were driven by 5.38% during last recorded quarter.

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