Zhongchao Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $13.99 on 05/05/23 and a low of $1.20 for the same time frame on 03/27/24.
52-week price history of ZCMD Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Zhongchao Inc’s current trading price is -87.92% away from its 52-week high, while its distance from the 52-week low is 40.83%. The stock’s price range during the 52-week period has remained between $1.20 and $13.99. In the Healthcare sector, the company’s shares saw a trading volume of around 0.66 million for the day, which was evidently lower than the average daily volume of 0.97 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Zhongchao Inc (ZCMD) has experienced a quarterly decline of -47.92% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.54M.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.2594, with a change in price of -7.8690. Similarly, Zhongchao Inc recorded 607,416 in trading volume during the last 100 days, posting a change of -82.32%.
Examining ZCMD’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ZCMD stands at 0.06. Similarly, the long-term debt-to-equity ratio is also 0.04.
ZCMD Stock Stochastic Average
Zhongchao Inc’s raw stochastic average for the past 50 days is presently 12.56%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 30.92%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 23.15% and 24.63%, respectively.
ZCMD 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. The index has shown a price loss of -51.87% this year. Over the last six months, there has been a stronger performance of -84.21%. The price of ZCMD fallen by 32.03% during the last 30 days period. For the last 5-days stocks have slided -12.89%.
