Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Fortress Biotech Inc’s current trading price is -70.09% away from its 52-week high, while its distance from the 52-week low is 26.61%. The stock’s price range over this period has fluctuated between $1.24 and $5.25. The company, operating within the financial sector, had a trading volume of approximately 0.84 million for the day, which was noticeably higher than the average daily share volume of 0.43 million over the last 3 months.
Fortress Biotech Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $5.25 on 10/05/23, while the lowest price for the same period was registered at $1.24 on 11/10/23.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Fortress Biotech Inc (FBIO) has experienced a quarterly decline of -10.80% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 43.27M and boasts a workforce of 186 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.8674, with a change in price of -0.1400. Similarly, Fortress Biotech Inc recorded 351,807 in trading volume during the last 100 days, posting a change of -8.19%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for FBIO stands at 4.95. Similarly, the long-term debt-to-equity ratio is also 4.64.
FBIO Stock Stochastic Average
Today’s raw stochastic average for Fortress Biotech Inc over the last 50 days is 15.41%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 31.39%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 18.19% and 15.52%, respectively.
FBIO 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 loss of -47.84%.However, over the last six months, we can see a stronger performance of -18.23%. Over the last 30 days, the price of FBIO has leaped by -20.30%. And in the last five days, it has surged by 11.35%.
