The market performance of IGC Pharma Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $0.50 on 02/28/24, with the lowest value for the same timeframe being $0.25, recorded on 12/20/23.
52-week price history of IGC Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. IGC Pharma Inc’s current trading price is -24.78% away from its 52-week high, while its distance from the 52-week low is 50.34%. The stock’s price range during this period has fluctuated between $0.25 and $0.50. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 1.13 million for the day, which was evidently higher than the average daily volume of 0.45 million over the last three months.
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Financial Performance and Market Capitalization
IGC Pharma Inc (IGC) has experienced a quarterly rise of 27.03% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 23.96M and boasts a workforce of 61 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3038, with a change in price of +0.0858. Similarly, IGC Pharma Inc recorded 373,695 in trading volume during the last 100 days, posting a change of +29.57%.
IGC 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 IGC stands at 0.04. Similarly, the long-term debt-to-equity ratio is also 0.03.
IGC Stock Stochastic Average
IGC Pharma Inc’s raw stochastic average for the past 50 days is currently at 47.25%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 37.93%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 33.18% and 35.30%, respectively.
IGC 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. Year to date metric has recorded a gain of 34.24%.However, over the last six months, we can see a stronger performance of -3.81%. Over the last 30 days, the price of IGC has fallen by 39.26%. And in the last five days, it has surged by 15.87%.
