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. Atricure Inc’s current trading price is -63.09% away from its 52-week high, while its distance from the 52-week low is 8.96%. The stock’s price range during this period has varied between $20.19 and $59.61. The company, active in the Healthcare sector, saw a trading volume of around 0.57 million for the day, considerably lower average daily volume of 0.8 million observed over the last three months.
Atricure Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $59.61 on 07/26/23, and the lowest price during the same period was recorded at $20.19 on 05/02/24.
How Financial Performance Impacts Market Capitalization
Atricure Inc (ATRC) has experienced a quarterly decline of -32.08% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.06B and boasts a workforce of 1200 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 31.02, with a change in price of -14.40. Similarly, Atricure Inc recorded 680,642 in trading volume during the last 100 days, posting a change of -39.56%.
How ATRC’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 ATRC stands at 0.17. Similarly, the long-term debt-to-equity ratio is also 0.16.
ATRC Stock Stochastic Average
As of today, the raw stochastic average of Atricure Inc over the past 50 days is 9.60%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 34.35%. Additionally, the Stochastic %K and %D values for the company were 22.12% and 20.33%, respectively, over the past 20 days.
ATRC 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 -38.36%.However, over the last six months, we can see a stronger performance of -41.30%. Over the last 30 days, the price of ATRC has leaped by -15.06%. And in the last five days, it has fallen by -0.99%.
