Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. InMed Pharmaceuticals Inc’s current trading price is -90.24% away from its 52-week high, while its distance from the 52-week low is 25.56%. The stock’s price range during this period has varied between $0.36 and $4.63. The company, active in the Healthcare sector, saw a trading volume of around 1.43 million for the day, considerably lower average daily volume of 1.71 million observed over the last three months.
The current stock price for InMed Pharmaceuticals Inc (INM) is $0.45. The stock experienced a significant increase during the last trading session, reaching $0.519 after opening at $0.3997. It dipped to a low of $0.365 before ultimately closing at $0.40.
The market performance of InMed Pharmaceuticals Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $4.63 on 11/18/22, with the lowest value for the same timeframe being $0.36, recorded on 11/14/23.
How Financial Performance Impacts Market Capitalization
InMed Pharmaceuticals Inc (INM) has experienced a quarterly decline of -47.44% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.51M and boasts a workforce of 13 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.7922, with a change in price of -0.4680. Similarly, InMed Pharmaceuticals Inc recorded 1,141,032 in trading volume during the last 100 days, posting a change of -50.87%.
How INM’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for INM stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.00.
INM Stock Stochastic Average
As of today, the raw stochastic average of InMed Pharmaceuticals Inc over the past 50 days is 5.35%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 5.35%. Additionally, the Stochastic %K and %D values for the company were 3.42% and 2.49%, respectively, over the past 20 days.
INM Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The metric has seen a significant loss of -77.62% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -67.01%. Over the past 30 days, the price of INM has leaped by -24.67%. And in the last five days, it has surged by 16.20%.