A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Ontrak Inc’s current trading price is -94.22% away from its 52-week high, while its distance from the 52-week low is 74.81%. The stock’s price range for this time frame has been between $0.14 and $4.08. The trading volume of the company’s shares in the Healthcare reached around 0.79 million for the day, which was evidently lower than the average daily volume of 7.27 million over the last three months.
The market performance of Ontrak Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $4.08 on 06/16/23, with the lowest value for the same timeframe being $0.14, recorded on 03/08/24.
How Financial Performance Impacts Market Capitalization
Ontrak Inc (OTRK) has experienced a quarterly rise of 5.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 11.32M and boasts a workforce of 104 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 0.2975, with a change in price of -0.2891. Similarly, Ontrak Inc recorded 4,570,895 in trading volume during the last 100 days, posting a change of -55.06%.
How OTRK’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 OTRK stands at 0.12. Similarly, the long-term debt-to-equity ratio is also 0.11.
OTRK Stock Stochastic Average
Ontrak Inc’s raw stochastic average for the past 50 days is currently at 10.80%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 5.46%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 7.72% and 10.25%, respectively.
OTRK Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. This year’s metric has recorded a Price decrease of -41.15%. However, over the past six months, we’ve seen a stronger performance of -78.35%. The price of OTRK leaped by -39.49% over the last 30 days. And in the last five days, it has fallen by -19.45%.
