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. Prenetics Global Limited’s current trading price is -57.83% away from its 52-week high, while its distance from the 52-week low is 135.26%. The stock’s price range during this period has varied between $2.85 and $15.90. The company, active in the Healthcare sector, saw a trading volume of around 1.73 million for the day, considerably higher average daily volume of 88590.0 observed over the last three months.
Prenetics Global Limited’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $15.90 on 05/12/23, and the lowest price during the same period was recorded at $2.85 on 04/19/24.
How Financial Performance Impacts Market Capitalization
Prenetics Global Limited (PRE) has experienced a quarterly rise of 44.50% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 81.33M.
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 4.63, with a change in price of +3.18. Similarly, Prenetics Global Limited recorded 74,633 in trading volume during the last 100 days, posting a change of +71.14%.
How PRE’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 PRE stands at 0.08. Similarly, the long-term debt-to-equity ratio is also 0.00.
PRE Stock Stochastic Average
As of today, the raw stochastic average of Prenetics Global Limited over the past 50 days is 96.77%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 96.77%. Additionally, the Stochastic %K and %D values for the company were 74.81% and 45.09%, respectively, over the past 20 days.
PRE 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 gain of 13.45%.However, over the last six months, we can see a weaker performance of 4.20%. Over the last 30 days, the price of PRE has fallen by 49.00%. And in the last five days, it has surged by 112.86%.
