A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Kartoon Studios Inc’s current trading price is -47.82% away from its 52-week high, while its distance from the 52-week low is 92.61%. The stock’s price range for this time frame has been between $0.93 and $3.45. The trading volume of the company’s shares in the Communication Services reached around 0.91 million for the day, which was evidently higher than the average daily volume of 0.22 million over the last three months.
In terms of market performance, Kartoon Studios Inc had a somewhat inconsistent run in. The highest value for the stock in the past year was $3.45 on 06/26/23, while the lowest value was $0.93 on 10/31/23.
How Financial Performance Impacts Market Capitalization
Kartoon Studios Inc (TOON) has experienced a quarterly rise of 36.37% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 63.47M and boasts a workforce of 282 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 1.3937, with a change in price of +0.6900. Similarly, Kartoon Studios Inc recorded 226,170 in trading volume during the last 100 days, posting a change of +63.30%.
How TOON’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 TOON stands at 0.56. Similarly, the long-term debt-to-equity ratio is also 0.15.
TOON Stock Stochastic Average
The raw stochastic average for Kartoon Studios Inc over the last 50 days is presently at 82.61%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 82.26%. Further, the company’s Stochastic %K and %D values for the last 20 days were 69.77% and 72.02%, respectively.
TOON Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The metric has seen a significant gain of 29.50% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 27.67%. Over the past 30 days, the price of TOON has fallen by 28.58%. And in the last five days, it has surged by 26.77%.
