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. Alx Oncology Holdings Inc’s current trading price is -3.16% away from its 52-week high, while its distance from the 52-week low is 328.64%. The stock’s price range during this period has varied between $3.94 and $17.42. The company, active in the Healthcare sector, saw a trading volume of around 0.51 million for the day, considerably higher average daily volume of 0.47 million observed over the last three months.
Alx Oncology Holdings Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $17.42 on 02/15/24, and the lowest price during the same period was recorded at $3.94 on 08/31/23.
How Financial Performance Impacts Market Capitalization
Alx Oncology Holdings Inc (ALXO) has experienced a quarterly rise of 16.51% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 851.94M and boasts a workforce of 72 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 13.62, with a change in price of +9.03. Similarly, Alx Oncology Holdings Inc recorded 492,980 in trading volume during the last 100 days, posting a change of +115.18%.
How ALXO’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 ALXO stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.08.
ALXO Stock Stochastic Average
As of today, the raw stochastic average of Alx Oncology Holdings Inc over the past 50 days is 92.06%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 97.40%. Additionally, the Stochastic %K and %D values for the company were 87.12% and 77.12%, respectively, over the past 20 days.
ALXO 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 13.30%.However, over the last six months, we can see a weaker performance of 137.61%. Over the last 30 days, the price of ALXO has fallen by 50.76%. And in the last five days, it has surged by 7.18%.
