InMed Pharmaceuticals Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $2.08 on 10/24/23, while the lowest price for the same period was registered at $0.12 on 08/06/24.
52-week price history of INM Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. InMed Pharmaceuticals Inc’s current trading price is -80.27% away from its 52-week high, while its distance from the 52-week low is 240.02%. The stock’s price range during the 52-week period has remained between $0.12 and $2.08. In the Healthcare sector, the company’s shares saw a trading volume of around 261.63 million for the day, which was evidently higher than the average daily volume of 1.42 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
InMed Pharmaceuticals Inc (INM) has experienced a quarterly rise of 25.89% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.37M and boasts a workforce of 13 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2643, with a change in price of +0.1547. Similarly, InMed Pharmaceuticals Inc recorded 3,571,517 in trading volume during the last 100 days, posting a change of +44.61%.
Examining INM’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for INM stands at 0.10. Similarly, the long-term debt-to-equity ratio is also 0.07.
INM Stock Stochastic Average
InMed Pharmaceuticals Inc’s raw stochastic average for the past 50 days is presently 59.52%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 59.52%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 28.53% and 18.19%, respectively.
INM Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant loss of -1.35% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 9.15%. Over the past 30 days, the price of INM has fallen by 53.42%. And in the last five days, it has surged by 191.48%.
