Prime Medicine Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $9.86 on 12/15/23, while the lowest price for the same period was registered at $3.39 on 09/26/24.
52-week price history of PRME 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. Prime Medicine Inc’s current trading price is -59.85% away from its 52-week high, while its distance from the 52-week low is 16.78%. The stock’s price range during the 52-week period has remained between $3.39 and $9.86. In the Healthcare sector, the company’s shares saw a trading volume of around 26.69 million for the day, which was evidently higher than the average daily volume of 0.7 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Prime Medicine Inc (PRME) has experienced a quarterly decline of -27.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 475.17M and boasts a workforce of 234 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 5.34, with a change in price of -1.26. Similarly, Prime Medicine Inc recorded 1,024,968 in trading volume during the last 100 days, posting a change of -22.53%.
Examining PRME’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 PRME stands at 0.21. Similarly, the long-term debt-to-equity ratio is also 0.19.
PRME Stock Stochastic Average
Prime Medicine Inc’s raw stochastic average for the past 50 days is presently 36.13%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 56.75%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 26.15% and 13.28%, respectively.
PRME 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 -55.32% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -41.44%. Over the past 30 days, the price of PRME has leaped by -8.15%. And in the last five days, it has surged by 9.97%.
