Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. CorMedix Inc’s current trading price is 2.11% away from its 52-week high, while its distance from the 52-week low is 201.95%. The stock’s price range over this period has fluctuated between $2.57 and $7.60. The company, operating within the financial sector, had a trading volume of approximately 1.34 million for the day, which was noticeably higher than the average daily share volume of 0.71 million over the last 3 months.
CorMedix Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $7.60 on 09/25/24, while the lowest price for the same duration was marked at $2.57 on 11/15/23.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
CorMedix Inc (CRMD) has experienced a quarterly rise of 86.99% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 433.47M and boasts a workforce of 82 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.19, with a change in price of +2.39. Similarly, CorMedix Inc recorded 659,391 in trading volume during the last 100 days, posting a change of +44.51%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CRMD stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
CRMD Stock Stochastic Average
Today, CorMedix Inc’s raw stochastic average for the past 50 days stands at 97.88%, indicating a rise from the raw stochastic average of the last 20 days, which was 96.46%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 93.68% and 91.02% respectively.
CRMD Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 106.38%.However, over the last six months, we can see a weaker performance of 88.81%. Over the last 30 days, the price of CRMD has fallen by 23.76%. And in the last five days, it has surged by 7.11%.
