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. Passage Bio Inc’s current trading price is -63.97% away from its 52-week high, while its distance from the 52-week low is 19.44%. The stock’s price range over this period has fluctuated between $0.54 and $1.79. The company, operating within the financial sector, had a trading volume of approximately 0.53 million for the day, which was noticeably higher than the average daily share volume of 0.29 million over the last 3 months.
Passage Bio Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $1.79 on 03/06/24 and a low of $0.54 for the same time frame on 10/17/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Passage Bio Inc (PASG) has experienced a quarterly decline of -29.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 39.84M and boasts a workforce of 58 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8036, with a change in price of -0.5950. Similarly, Passage Bio Inc recorded 237,079 in trading volume during the last 100 days, posting a change of -47.98%.
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 PASG stands at 0.29. Similarly, the long-term debt-to-equity ratio is also 0.25.
PASG Stock Stochastic Average
Today’s raw stochastic average for Passage Bio Inc over the last 50 days is 33.88%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 58.37%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 36.13% and 29.05%, respectively.
PASG 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 metric has seen a significant loss of -36.14% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -47.13%. Over the past 30 days, the price of PASG has fallen by 0.77%. And in the last five days, it has surged by 8.22%.
