The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Cue Health Inc’s current trading price is -87.76% away from its 52-week high, while its distance from the 52-week low is 78.46%. The stock’s price range for this period has been between $0.16 and $2.37 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 0.69 million for the day, a number notably lower than the average daily volume of 1.1 million over the last three months.
Cue Health Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $2.37 on 03/17/23, while the lowest price for the same period was registered at $0.16 on 12/29/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cue Health Inc (HLTH) has experienced a quarterly decline of -3.49% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 44.83M and boasts a workforce of 1515 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2724, with a change in price of -0.1110. Similarly, Cue Health Inc recorded 804,397 in trading volume during the last 100 days, posting a change of -27.68%.
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 HLTH stands at 0.13. Similarly, the long-term debt-to-equity ratio is also 0.11.
HLTH Stock Stochastic Average
Cue Health Inc’s raw stochastic average for the past 50 days is presently 62.50%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 48.05%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 36.80% and 30.20%, respectively.
HLTH 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 78.46% this year. Over the last six months, there has been a stronger performance of -55.38%. The price of HLTH fallen by 16.00% during the last 30 days period. For the last 5-days stocks have improved 16.00%.
