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Guardant Health Inc Inc. (GH) Price Performance: A Fundamental Analysis Perspective

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded a decrease of -23.14%. However, over the last six months, the performance has been stronger by -29.86%. The price of GH increased 9.59% over the last 30 days. And in the last five days, it has surged by 21.37%.

Guardant Health Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $41.06 on 08/30/23, while the lowest price for the same period was registered at $16.92 on 03/26/24.

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52-week price history of GH Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Guardant Health Inc’s current trading price is -49.37% away from its 52-week high, while its distance from the 52-week low is 22.91%. The stock’s price range during this period has varied between$16.92 and $41.06. The Guardant Health Inc’s shares, which operate in the Healthcare, saw a trading volume of around 6.45 million for the day, a figure considerably higher than their average daily volume of 1.78 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Guardant Health Inc (GH) has experienced a quarterly decline of -23.14% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.53B and boasts a workforce of 1779 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 22.97, with a change in price of -6.95. Similarly, Guardant Health Inc recorded 1,770,603 in trading volume during the last 100 days, posting a change of -25.05%.

GH’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GH stands at 8.53. Similarly, the long-term debt-to-equity ratio is also 8.36.

GH Stock Stochastic Average

As of today, Guardant Health Inc’s raw stochastic average for the last 50 days stands at 52.12%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 68.52%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 84.04% and 83.82%, respectively.

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