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Silk Road Medical Inc: Navigating a Turbulent Year, Up -44.28% from 52-Week Low

Currently, the stock price of Silk Road Medical Inc (SILK) is $32.34. In the most recent trading session, the stock underwent a significant upswing, peaking at $32.525 after opening at $31.09. The stock touched a low of $30.50 before closing at $31.52.

Silk Road Medical Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $58.04 on 01/13/23, while the lowest price during the same period was $28.03 on 05/25/22.

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52-week price history of SILK Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Silk Road Medical Inc’s current trading price is -44.28% away from its 52-week high, while its distance from the 52-week low is 15.38%. The stock’s price range for this period has remained between $28.03 and $58.04. The Healthcare sector company’s shares managed to surpass a trading volume of around 0.61 million for the day, which was noticeably lower compared to the shares’ average daily volume of 0.64 million over the last three months.

Financial Performance and Market Capitalization

Silk Road Medical Inc (SILK) has experienced a quarterly decline of -38.83% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.31B and boasts a workforce of 414 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 45.54, with a change in price of -21.63. Similarly, Silk Road Medical Inc recorded 531,807 in trading volume during the last 100 days, posting a change of -40.08%.

SILK Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SILK stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.47.

SILK Stock Stochastic Average

As of today, the raw stochastic average of Silk Road Medical Inc over the past 50 days is 11.48%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 12.65%. Additionally, the Stochastic %K and %D values for the company were 8.71% and 5.79%, respectively, over the past 20 days.

SILK Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price decrease of -38.81%. However, over the past six months, we’ve seen a stronger performance of -34.48%. The price of SILK leaped by -27.31% over the last 30 days. And in the last five days, it has fallen by -1.01%.

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