The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. CorMedix Inc’s current trading price is -35.96% away from its 52-week high, while its distance from the 52-week low is 51.75%. The stock’s price range for this period has been between $2.57 and $6.09 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 1.07 million for the day, a number notably higher than the average daily volume of 0.43 million over the last three months.
CorMedix Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $6.09 on 06/22/23, while the lowest price for the same period was registered at $2.57 on 11/15/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
CorMedix Inc (CRMD) has experienced a quarterly rise of 18.54% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 213.76M and boasts a workforce of 82 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.40, with a change in price of +0.62. Similarly, CorMedix Inc recorded 697,842 in trading volume during the last 100 days, posting a change of +18.90%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CRMD stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
CRMD Stock Stochastic Average
CorMedix Inc’s raw stochastic average for the past 50 days is presently 98.54%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 98.31%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 71.05% and 72.29%, respectively.
CRMD Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 3.72% this year. Over the last six months, there has been a stronger performance of -2.26%. The price of CRMD fallen by 18.54% during the last 30 days period. For the last 5-days stocks have improved 8.64%.
