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. Black Diamond Therapeutics Inc’s current trading price is -47.98% away from its 52-week high, while its distance from the 52-week low is 145.99%. The stock’s price range during this period has varied between $1.62 and $7.66. The company, active in the Healthcare sector, saw a trading volume of around 0.96 million for the day, considerably lower average daily volume of 1.1 million observed over the last three months.
Black Diamond Therapeutics Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $7.66 on 05/06/24, while the lowest price during the same period was $1.62 on 11/10/23.
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How Financial Performance Impacts Market Capitalization
Black Diamond Therapeutics Inc (BDTX) has experienced a quarterly decline of -10.25% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 225.15M and boasts a workforce of 54 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 5.31, with a change in price of -2.77. Similarly, Black Diamond Therapeutics Inc recorded 1,019,855 in trading volume during the last 100 days, posting a change of -40.96%.
How BDTX’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 BDTX stands at 0.21. Similarly, the long-term debt-to-equity ratio is also 0.18.
BDTX Stock Stochastic Average
As of today, the raw stochastic average of Black Diamond Therapeutics Inc over the last 50 days is at 3.99%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 4.67%. Further, the company’s Stochastic %K and %D values for the last 20 days were 10.72% and 13.54%, respectively.
BDTX 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. This year’s metric has recorded a Price increase of 41.81%. However, over the past six months, we’ve seen a stronger performance of -20.30%. The price of BDTX leaped by -30.94% over the last 30 days. And in the last five days, it has fallen by -5.12%.
