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NRX Pharmaceuticals Inc Inc. (NRXP) Price Performance: The Role of Supply and Demand

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 -28.63% this year. Over the last six months, there has been a weaker performance of 6.49%. The price of NRXP leaped by -38.05% during the last 30 days period. For the last 5-days stocks have slided -7.52%.

NRX Pharmaceuticals Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $12.00 on 06/02/23, and the lowest price during the same period was recorded at $1.90 on 05/02/24.

52-week price history of NRXP Stock

The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. NRX Pharmaceuticals Inc’s current trading price is -72.64% away from its 52-week high, while its distance from the 52-week low is 72.79%. The stock’s price range for this period has been between $1.90 and $12.00. The Healthcare sector company’s shares saw a trading volume of about 6.42 million for the day, which was higher than the average daily volume of 0.25 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

NRX Pharmaceuticals Inc (NRXP) has experienced a quarterly decline of -17.72% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 31.42M.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 4.37, with a change in price of -0.20. Similarly, NRX Pharmaceuticals Inc recorded 235,556 in trading volume during the last 100 days, posting a change of -6.06%.

NRXP Stock Stochastic Average

As of today, the raw stochastic average of NRX Pharmaceuticals Inc over the last 50 days is at 22.09%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 29.27%. Further, the company’s Stochastic %K and %D values for the last 20 days were 12.68% and 7.45%, respectively.

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