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. Biolase Inc’s current trading price is -99.55% away from its 52-week high, while its distance from the 52-week low is 19.90%. The stock’s price range during this period has varied between $0.13 and $33.44. The company, active in the Healthcare sector, saw a trading volume of around 1.42 million for the day, considerably lower average daily volume of 5.64 million observed over the last three months.
Biolase Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $33.44 on 05/11/23, and the lowest price during that time was $0.13, recorded on 03/08/24.
How Financial Performance Impacts Market Capitalization
Biolase Inc (BIOL) has experienced a quarterly decline of -83.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.88M and boasts a workforce of 157 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 0.5948, with a change in price of -1.0100. Similarly, Biolase Inc recorded 3,650,049 in trading volume during the last 100 days, posting a change of -87.07%.
BIOL Stock Stochastic Average
As of today, the raw stochastic average of Biolase Inc over the past 50 days is 4.84%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 27.84%. Additionally, the Stochastic %K and %D values for the company were 16.99% and 12.74%, respectively, over the past 20 days.
BIOL 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. This year’s metric has recorded a Price decrease of -86.63%. However, over the past six months, we’ve seen a stronger performance of -91.18%. The price of BIOL leaped by 0.00% over the last 30 days. And in the last five days, it has surged by 10.29%.
