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. DermTech Inc’s current trading price is -85.94% away from its 52-week high, while its distance from the 52-week low is 9.15%. The stock’s price range during this period has varied between $0.59 and $4.58. The company, active in the Healthcare sector, saw a trading volume of around 0.67 million for the day, considerably higher average daily volume of 0.29 million observed over the last three months.
DermTech Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $4.58 on 04/20/23, and the lowest price during the same period was recorded at $0.59 on 04/17/24.
How Financial Performance Impacts Market Capitalization
DermTech Inc (DMTK) has experienced a quarterly decline of -48.89% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 22.30M and boasts a workforce of 208 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 1.1597, with a change in price of -0.8860. Similarly, DermTech Inc recorded 405,583 in trading volume during the last 100 days, posting a change of -57.91%.
How DMTK’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 DMTK stands at 0.95. Similarly, the long-term debt-to-equity ratio is also 0.90.
DMTK Stock Stochastic Average
As of today, the raw stochastic average of DermTech Inc over the past 50 days is 6.67%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 38.57%. Additionally, the Stochastic %K and %D values for the company were 13.57% and 8.20%, respectively, over the past 20 days.
DMTK 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 -63.20%.However, over the last six months, we can see a stronger performance of -49.69%. Over the last 30 days, the price of DMTK has leaped by -6.80%. And in the last five days, it has surged by 3.54%.
