Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. TRACON Pharmaceuticals Inc’s current trading price is -92.67% away from its 52-week high, while its distance from the 52-week low is 27.93%. The stock’s price range over this period has fluctuated between $0.13 and $2.19. The company, operating within the financial sector, had a trading volume of approximately 0.69 million for the day, which was noticeably lower than the average daily share volume of 2.39 million over the last 3 months.
The stock price for TRACON Pharmaceuticals Inc (TCON) currently stands at $0.16. The stock experienced a substantial increase in the last session, hitting $0.1719 after starting at $0.1719. The stock’s lowest price was $0.155 before closing at $0.16.
The market performance of TRACON Pharmaceuticals Inc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $2.19 on 03/29/23, while the lowest value for the same duration was $0.13 on 10/10/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
TRACON Pharmaceuticals Inc (TCON) has experienced a quarterly decline of -37.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.00M and boasts a workforce of 18 employees.
TRACON Pharmaceuticals Inc: What Analysts Are Saying
As of right now, 1 analyst is rating TRACON Pharmaceuticals Inc as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 1 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2329, with a change in price of -0.1745. Similarly, TRACON Pharmaceuticals Inc recorded 1,769,915 in trading volume during the last 100 days, posting a change of -52.09%.
TCON Stock Stochastic Average
Today, TRACON Pharmaceuticals Inc’s raw stochastic average for the past 50 days stands at 17.11%, indicating a rise from the raw stochastic average of the last 20 days, which was 14.82%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 16.18% and 21.27% respectively.
TCON Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price decrease of -89.22%. However, over the past six months, we’ve seen a stronger performance of -73.83%. The price of TCON fallen by 4.80% over the last 30 days. And in the last five days, it has fallen by -30.29%.