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. TRACON Pharmaceuticals Inc’s current trading price is -81.27% away from its 52-week high, while its distance from the 52-week low is 226.77%. The stock’s price range during this period has varied between $0.13 and $2.19. The company, active in the Healthcare sector, saw a trading volume of around 1.55 million for the day, considerably lower average daily volume of 2.94 million observed over the last three months.
TRACON Pharmaceuticals 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 $2.19 on 03/29/23, while the lowest price during the same period was $0.13 on 10/10/23.
How Financial Performance Impacts Market Capitalization
TRACON Pharmaceuticals Inc (TCON) has experienced a quarterly rise of 121.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 18.66M and boasts a workforce of 17 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 0.2144, with a change in price of +0.2427. Similarly, TRACON Pharmaceuticals Inc recorded 4,777,186 in trading volume during the last 100 days, posting a change of +144.98%.
TCON Stock Stochastic Average
As of today, the raw stochastic average of TRACON Pharmaceuticals Inc over the last 50 days is at 45.13%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 42.14%. Further, the company’s Stochastic %K and %D values for the last 20 days were 46.66% and 48.86%, respectively.
TCON 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 increase of 134.21%. However, over the past six months, we’ve seen a weaker performance of 108.07%. The price of TCON fallen by 130.52% over the last 30 days. And in the last five days, it has surged by 10.24%.
