Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. InMed Pharmaceuticals Inc’s current trading price is -85.43% away from its 52-week high, while its distance from the 52-week low is 15.65%. The stock’s price range over this period has fluctuated between $0.26 and $2.08. The company, operating within the financial sector, had a trading volume of approximately 3.39 million for the day, which was noticeably higher than the average daily share volume of 0.31 million over the last 3 months.
InMed Pharmaceuticals Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $2.08 on 10/24/23, while the lowest price for the same period was registered at $0.26 on 04/17/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
InMed Pharmaceuticals Inc (INM) has experienced a quarterly decline of -19.84% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.01M and boasts a workforce of 13 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3628, with a change in price of -0.1473. Similarly, InMed Pharmaceuticals Inc recorded 306,281 in trading volume during the last 100 days, posting a change of -32.71%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for INM stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.06.
INM Stock Stochastic Average
Today’s raw stochastic average for InMed Pharmaceuticals Inc over the last 50 days is 19.54%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 21.19%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 12.04% and 12.17%, respectively.
INM Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -27.16%.However, over the last six months, we can see a stronger performance of -47.76%. Over the last 30 days, the price of INM has leaped by -15.83%. And in the last five days, it has surged by 1.00%.
