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TRACON Pharmaceuticals Inc. (TCON) Stock: A Year of Declines and Increases

The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. TRACON Pharmaceuticals Inc.’s current trading price is -88.50% away from its 52-week high, while its distance from the 52-week low is 32.58%. The stock’s price range for this period has been between $0.19 and $2.19 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 3.11 million for the day, a number notably higher than the average daily volume of 0.49 million over the last three months.

The stock price for TRACON Pharmaceuticals Inc. (TCON) currently stands at $0.25. The stock experienced a substantial increase in the last session, hitting $0.27 after starting at $0.23. The stock’s lowest price was $0.23 before closing at $0.25.

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TRACON Pharmaceuticals Inc.’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $2.19 on 03/29/23 and a low of $0.19 for the same time frame on 08/17/23.

Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

TRACON Pharmaceuticals Inc. (TCON) has experienced a quarterly decline of -48.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.44M and boasts a workforce of 18 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.4209, with a change in price of -0.6848. Similarly, TRACON Pharmaceuticals Inc. recorded 390,712 in trading volume during the last 100 days, posting a change of -72.08%.

TCON Stock Stochastic Average

TRACON Pharmaceuticals Inc.’s raw stochastic average for the past 50 days is presently 36.21%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 54.26%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 47.06% and 42.38%, respectively.

TCON Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -83.09%. However, over the past six months, we’ve seen a stronger performance of -83.75%. The price of TCON fallen by 22.88% over the last 30 days. And in the last five days, it has surged by 14.50%.

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