Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Mira Pharmaceuticals Inc’s current trading price is -79.69% away from its 52-week high, while its distance from the 52-week low is 154.90%. The stock’s price range during this period has varied between $0.51 and $6.40. The company, active in the Healthcare sector, saw a trading volume of around 1.57 million for the day, considerably lower average daily volume of 5.67 million observed over the last three months.
Mira Pharmaceuticals Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $6.40 on 11/20/23, and the lowest price during the same period was recorded at $0.51 on 07/03/24.
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How Financial Performance Impacts Market Capitalization
Mira Pharmaceuticals Inc (MIRA) has experienced a quarterly rise of 97.27% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 19.21M and boasts a workforce of 3 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.2960, with a change in price of +0.5400. Similarly, Mira Pharmaceuticals Inc recorded 3,703,637 in trading volume during the last 100 days, posting a change of +71.05%.
How MIRA’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for MIRA stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
MIRA Stock Stochastic Average
As of today, the raw stochastic average of Mira Pharmaceuticals Inc over the past 50 days is 6.31%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 28.41%. Additionally, the Stochastic %K and %D values for the company were 14.34% and 8.46%, respectively, over the past 20 days.
MIRA Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 23.81% this year. Over the last six months, there has been a weaker performance of 20.37%. The price of MIRA leaped by -30.48% during the last 30 days period. For the last 5-days stocks have improved 22.64%.
