A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Rani Therapeutics Holdings Inc’s current trading price is 13.93% away from its 52-week high, while its distance from the 52-week low is 331.32%. The stock’s price range for this time frame has been between $1.82 and $6.89. The trading volume of the company’s shares in the Healthcare reached around 1.4 million for the day, which was evidently higher than the average daily volume of 93660.0 over the last three months.
Rani Therapeutics Holdings Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $6.89 on 04/17/24, while the lowest price during the same period was $1.82 on 11/02/23.
How Financial Performance Impacts Market Capitalization
Rani Therapeutics Holdings Inc (RANI) has experienced a quarterly rise of 131.56% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 204.41M and boasts a workforce of 140 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 3.41, with a change in price of +5.83. Similarly, Rani Therapeutics Holdings Inc recorded 119,150 in trading volume during the last 100 days, posting a change of +288.61%.
How RANI’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 RANI stands at 2.34. Similarly, the long-term debt-to-equity ratio is also 1.90.
RANI Stock Stochastic Average
The raw stochastic average for Rani Therapeutics Holdings Inc over the last 50 days is presently at 84.75%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 84.75%. Further, the company’s Stochastic %K and %D values for the last 20 days were 94.35% and 95.68%, respectively.
RANI Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price gain of 136.45% this year. Over the last six months, there has been a weaker performance of 256.82%. The price of RANI fallen by 135.03% during the last 30 days period. For the last 5-days stocks have improved 88.70%.
