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. Inari Medical Inc’s current trading price is -42.21% away from its 52-week high, while its distance from the 52-week low is 4.06%. The stock’s price range during this period has varied between $39.90 and $71.85. The company, active in the Healthcare sector, saw a trading volume of around 0.79 million for the day, considerably lower average daily volume of 1.17 million observed over the last three months.
Inari Medical Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $71.85 on 08/14/23, and the lowest price during the same period was recorded at $39.90 on 03/15/24.
How Financial Performance Impacts Market Capitalization
Inari Medical Inc (NARI) has experienced a quarterly decline of -31.82% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.41B and boasts a workforce of 1300 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 55.17, with a change in price of -19.52. Similarly, Inari Medical Inc recorded 981,957 in trading volume during the last 100 days, posting a change of -31.98%.
How NARI’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 NARI stands at 0.07. Similarly, the long-term debt-to-equity ratio is also 0.07.
NARI Stock Stochastic Average
As of today, the raw stochastic average of Inari Medical Inc over the past 50 days is 8.25%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 17.73%. Additionally, the Stochastic %K and %D values for the company were 29.39% and 31.22%, respectively, over the past 20 days.
NARI Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -36.04% this year. Over the last six months, there has been a stronger performance of -38.62%. The price of NARI leaped by -0.86% during the last 30 days period. For the last 5-days stocks have slided -1.94%.
