The stock market performance of Zhongchao Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $13.99 on 05/05/23, while the lowest price during the same time frame was $1.67, recorded on 03/07/24.
52-week price history of ZCMD Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Zhongchao Inc’s current trading price is -84.93% away from its 52-week high, while its distance from the 52-week low is 26.29%. The stock’s price range during this period has fluctuated between $1.67 and $13.99. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 6.05 million for the day, which was evidently higher than the average daily volume of 87080.0 over the last three months.
Financial Performance and Market Capitalization
Zhongchao Inc (ZCMD) has experienced a quarterly decline of -73.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.65M and boasts a workforce of 109 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.9713, with a change in price of -8.6300. Similarly, Zhongchao Inc recorded 111,801 in trading volume during the last 100 days, posting a change of -79.91%.
ZCMD 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 ZCMD stands at 0.06. Similarly, the long-term debt-to-equity ratio is also 0.04.
ZCMD Stock Stochastic Average
Zhongchao Inc’s raw stochastic average for the past 50 days is currently at 14.58%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 14.58%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 9.33% and 7.13%, respectively.
ZCMD Stock Price Performance Analysis
The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. This year’s metric has recorded a Price decrease of -39.93%. However, over the past six months, we’ve seen a stronger performance of -81.66%. The price of ZCMD leaped by -44.48% over the last 30 days. And in the last five days, it has fallen by -19.81%.
