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. CorMedix Inc’s current trading price is 3.36% away from its 52-week high, while its distance from the 52-week low is 276.26%. The stock’s price range during this period has varied between $2.57 and $9.36. The company, active in the Healthcare sector, saw a trading volume of around 1.62 million for the day, considerably higher average daily volume of 0.78 million observed over the last three months.
CorMedix 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 $9.36 on 10/08/24, while the lowest price during the same period was $2.57 on 11/15/23.
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How Financial Performance Impacts Market Capitalization
CorMedix Inc (CRMD) has experienced a quarterly rise of 117.30% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 540.17M and boasts a workforce of 82 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 5.46, with a change in price of +4.42. Similarly, CorMedix Inc recorded 682,056 in trading volume during the last 100 days, posting a change of +84.19%.
How CRMD’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 CRMD stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
CRMD Stock Stochastic Average
As of today, the raw stochastic average of CorMedix Inc over the last 50 days is at 98.06%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 96.75%. Further, the company’s Stochastic %K and %D values for the last 20 days were 96.11% and 95.70%, respectively.
CRMD 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 157.18%. However, over the past six months, we’ve seen a weaker performance of 103.58%. The price of CRMD fallen by 72.68% over the last 30 days. And in the last five days, it has surged by 19.38%.
