The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 64.23%.However, over the last six months, we can see a stronger performance of -3.36%. Over the last 30 days, the price of IGC has fallen by 29.69%. And in the last five days, it has surged by 34.03%.
IGC Pharma Inc’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $0.91 on 04/04/24 and a low of $0.25 for the same time frame on 12/20/23.
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52-week price history of IGC Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. IGC Pharma Inc’s current trading price is -49.44% away from its 52-week high, while its distance from the 52-week low is 83.93%. The stock’s price range during this period has varied between$0.25 and $0.91. The IGC Pharma Inc’s shares, which operate in the Healthcare, saw a trading volume of around 3.4 million for the day, a figure considerably higher than their average daily volume of 0.29 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
IGC Pharma Inc (IGC) has experienced a quarterly rise of 4.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 34.79M and boasts a workforce of 67 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.4301, with a change in price of -0.0835. Similarly, IGC Pharma Inc recorded 320,312 in trading volume during the last 100 days, posting a change of -16.51%.
IGC’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for IGC stands at 0.04. Similarly, the long-term debt-to-equity ratio is also 0.03.
IGC Stock Stochastic Average
As of today, IGC Pharma Inc’s raw stochastic average for the last 50 days stands at 57.63%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 85.85%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 54.00% and 37.27%, respectively.
