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ABEO’s Stochastic Averages Dip: Analyzing Abeona Therapeutics Inc’s Stock Performance

The market performance of Abeona Therapeutics Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $9.01 on 03/06/24, with the lowest value for the same timeframe being $2.83, recorded on 08/08/23.

52-week price history of ABEO Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Abeona Therapeutics Inc’s current trading price is -47.72% away from its 52-week high, while its distance from the 52-week low is 66.43%. The stock’s price range during this period has fluctuated between $2.83 and $9.01. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 1.1 million for the day, which was evidently higher than the average daily volume of 0.69 million over the last three months.

Financial Performance and Market Capitalization

Abeona Therapeutics Inc (ABEO) has experienced a quarterly decline of -23.41% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 186.70M and boasts a workforce of 84 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 6.07, with a change in price of -0.02. Similarly, Abeona Therapeutics Inc recorded 550,731 in trading volume during the last 100 days, posting a change of -0.42%.

ABEO Stock Stochastic Average

The raw stochastic average for Abeona Therapeutics Inc over the last 50 days is presently at 27.85%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 32.42%. Further, the company’s Stochastic %K and %D values for the last 20 days were 25.62% and 23.66%, respectively.

ABEO Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -5.99% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 4.67%. Over the past 30 days, the price of ABEO has leaped by -39.30%. And in the last five days, it has surged by 7.05%.

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