The market performance of Avidity Biosciences Inc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $48.80 on 07/29/24, while the lowest value for the same duration was $4.82 on 10/31/23.
52-week price history of RNA 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. Avidity Biosciences Inc’s current trading price is -5.88% away from its 52-week high, while its distance from the 52-week low is 851.92%. The stock’s price range during the 52-week period has remained between $4.82 and $48.80. In the Healthcare sector, the company’s shares saw a trading volume of around 1.16 million for the day, which was evidently lower than the average daily volume of 1.55 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Avidity Biosciences Inc (RNA) has experienced a quarterly rise of 11.26% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.38B and boasts a workforce of 253 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 39.13, with a change in price of +20.54. Similarly, Avidity Biosciences Inc recorded 1,590,438 in trading volume during the last 100 days, posting a change of +80.90%.
Examining RNA’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 RNA stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.00.
RNA Stock Stochastic Average
Avidity Biosciences Inc’s raw stochastic average for the past 50 days is presently 75.59%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 86.69%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 54.37% and 58.80%, respectively.
RNA Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 407.51%.However, over the last six months, we can see a weaker performance of 73.98%. Over the last 30 days, the price of RNA has fallen by 7.72%. And in the last five days, it has surged by 5.59%.
