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Biolase Inc (BIOL) Stock: The Story of a 52-Week Stock Range

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. Biolase Inc’s current trading price is -99.14% away from its 52-week high, while its distance from the 52-week low is 26.80%. The stock’s price range during this period has varied between $0.35 and $52.00. The company, active in the Healthcare sector, saw a trading volume of around 0.86 million for the day, considerably higher average daily volume of 4.17 observed over the last three months.

Biolase Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $52.00 on 03/01/23, while the lowest price during the same period was $0.35 on 02/07/24.

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How Financial Performance Impacts Market Capitalization

Biolase Inc (BIOL) has experienced a quarterly decline of -68.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.54M and boasts a workforce of Jun 24 2005 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 1.2882, with a change in price of -1.6410. Similarly, Biolase Inc recorded 272,686 in trading volume during the last 100 days, posting a change of -78.52%.

How BIOL’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 BIOL stands at 65.24. Similarly, the long-term debt-to-equity ratio is also 54.09.

BIOL Stock Stochastic Average

As of today, the raw stochastic average of Biolase Inc over the last 50 days is at 6.22%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 13.44%. Further, the company’s Stochastic %K and %D values for the last 20 days were 14.32% and 9.62%, respectively.

BIOL 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. This year’s metric has recorded a Price decrease of -59.98%. However, over the past six months, we’ve seen a stronger performance of -91.50%. The price of BIOL leaped by -56.41% over the last 30 days. And in the last five days, it has fallen by -35.86%.

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