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. Bluebird bio Inc’s current trading price is -84.36% away from its 52-week high, while its distance from the 52-week low is 0.35%. The stock’s price range during this period has varied between $0.86 and $5.53. The company, active in the Healthcare sector, saw a trading volume of around 5.92 million for the day, considerably lower average daily volume of 8.27 million observed over the last three months.
Bluebird bio Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $5.53 on 12/08/23, and the lowest price during the same period was recorded at $0.86 on 05/06/24.
How Financial Performance Impacts Market Capitalization
Bluebird bio Inc (BLUE) has experienced a quarterly decline of -4.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 166.68M.
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 1.3266, with a change in price of -2.2092. Similarly, Bluebird bio Inc recorded 10,852,561 in trading volume during the last 100 days, posting a change of -71.96%.
How BLUE’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 BLUE stands at 1.36. Similarly, the long-term debt-to-equity ratio is also 1.04.
BLUE Stock Stochastic Average
As of today, the raw stochastic average of Bluebird bio Inc over the past 50 days is 0.92%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 2.40%. Additionally, the Stochastic %K and %D values for the company were 7.37% and 9.05%, respectively, over the past 20 days.
BLUE 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 loss of -37.33%.However, over the last six months, we can see a stronger performance of -71.65%. Over the last 30 days, the price of BLUE has leaped by -29.69%. And in the last five days, it has fallen by -6.35%.
