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. Edgio Inc’s current trading price is -53.09% away from its 52-week high, while its distance from the 52-week low is 209.45%. The stock’s price range during this period has varied between $6.67 and $44.00. The company, active in the Technology sector, saw a trading volume of around 0.78 million for the day, considerably higher average daily volume of 81870.0 observed over the last three months.
Edgio Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $44.00 on 09/13/23, and the lowest price during that time was $6.67, recorded on 03/19/24.
How Financial Performance Impacts Market Capitalization
Edgio Inc (EGIO) has experienced a quarterly rise of 106.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 120.95M.
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 12.07, with a change in price of -1.76. Similarly, Edgio Inc recorded 71,516 in trading volume during the last 100 days, posting a change of -7.87%.
How EGIO’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 EGIO stands at 1.01. Similarly, the long-term debt-to-equity ratio is also 0.94.
EGIO Stock Stochastic Average
As of today, the raw stochastic average of Edgio Inc over the last 50 days is at 88.59%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 88.59%. Further, the company’s Stochastic %K and %D values for the last 20 days were 91.32% and 91.42%, respectively.
EGIO Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded an increase of 50.66%. However, over the last six months, the performance has been stronger by -39.23%. The price of EGIO increased 187.87% over the last 30 days. And in the last five days, it has surged by 84.78%.
