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. Recon Technology Ltd’s current trading price is -71.28% away from its 52-week high, while its distance from the 52-week low is 11.57%. The stock’s price range during this period has varied between $0.12 and $0.47. The company, active in the Energy sector, saw a trading volume of around 0.54 million for the day, considerably higher average daily volume of 0.23 million observed over the last three months.
Recon Technology Ltd’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $0.47 on 04/18/23, and the lowest price during the same period was recorded at $0.12 on 04/03/24.
How Financial Performance Impacts Market Capitalization
Recon Technology Ltd (RCON) has experienced a quarterly decline of -43.54% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.47M and boasts a workforce of 188 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 0.2056, with a change in price of -0.0980. Similarly, Recon Technology Ltd recorded 205,561 in trading volume during the last 100 days, posting a change of -42.06%.
How RCON’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 RCON stands at 0.08. Similarly, the long-term debt-to-equity ratio is also 0.00.
RCON Stock Stochastic Average
As of today, the raw stochastic average of Recon Technology Ltd over the past 50 days is 13.41%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 38.46%. Additionally, the Stochastic %K and %D values for the company were 29.14% and 31.74%, respectively, over the past 20 days.
RCON Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -42.18%.However, over the last six months, we can see a stronger performance of -55.81%. Over the last 30 days, the price of RCON has leaped by -12.11%. And in the last five days, it has fallen by -8.78%.
