Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant gain of 34.74% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 35.74%. Over the past 30 days, the price of MYGN has fallen by 15.39%. And in the last five days, it has surged by 4.75%.
In terms of market performance, Myriad Genetics, Inc. had a somewhat regular. The highest value for the stock in the past year was $25.95 on 05/10/24, while the lowest value was $13.82 on 10/30/23.
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52-week price history of MYGN Stock
The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Myriad Genetics, Inc.’s current trading price is -0.62% away from its 52-week high, while its distance from the 52-week low is 86.61%. The stock’s price range for this period has been between $13.82 and $25.95. The Healthcare sector company’s shares saw a trading volume of about 0.45 million for the day, which was lower than the average daily volume of 0.77 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Myriad Genetics, Inc. (MYGN) has experienced a quarterly rise of 27.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.33B and boasts a workforce of 2700 employees.
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 22.13, with a change in price of +2.83. Similarly, Myriad Genetics, Inc. recorded 738,388 in trading volume during the last 100 days, posting a change of +12.79%.
MYGN’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for MYGN stands at 0.19. Similarly, the long-term debt-to-equity ratio is also 0.17.
MYGN Stock Stochastic Average
As of today, the raw stochastic average of Myriad Genetics, Inc. over the past 50 days is 87.58%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 85.16%. Additionally, the Stochastic %K and %D values for the company were 84.00% and 83.94%, respectively, over the past 20 days.
