A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Sunshine Biopharma Inc’s current trading price is -92.39% away from its 52-week high, while its distance from the 52-week low is 142.60%. The stock’s price range for this time frame has been between $0.04 and $1.40. The trading volume of the company’s shares in the Healthcare reached around 292.32 million for the day, which was evidently higher than the average daily volume of 15.99 million over the last three months.
The stock market performance of Sunshine Biopharma Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $1.40 on 05/11/23, while the lowest price during the same time frame was $0.04, recorded on 03/04/24.
How Financial Performance Impacts Market Capitalization
Sunshine Biopharma Inc (SBFM) has experienced a quarterly decline of -62.75% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.59M and boasts a workforce of 44 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 0.1920, with a change in price of -0.1836. Similarly, Sunshine Biopharma Inc recorded 12,932,413 in trading volume during the last 100 days, posting a change of -63.29%.
How SBFM’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for SBFM stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.03.
SBFM Stock Stochastic Average
Sunshine Biopharma Inc’s raw stochastic average for the past 50 days is currently at 25.90%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 63.49%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 32.39% and 20.85%, respectively.
SBFM Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded a decrease of -60.77%. However, over the last six months, the performance has been stronger by -66.72%. The price of SBFM increased 92.24% over the last 30 days. And in the last five days, it has surged by 80.51%.
