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MIRA’s Financial Health: Exploring Mira Pharmaceuticals Inc’s Debt-to-Equity Ratio of 1.79

Mira Pharmaceuticals Inc’s stock market performance has been somewhat irregular. The 1-year high for the company’s stock was recorded at $6.40 on 11/20/23, with the lowest value being $0.51 on 07/03/24.

52-week price history of MIRA Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Mira Pharmaceuticals Inc’s current trading price is -79.84% away from its 52-week high, while its distance from the 52-week low is 152.94%. The stock’s price range for this period has remained between $0.51 and $6.40. The Healthcare sector company’s shares managed to surpass a trading volume of around 4.72 million for the day, which was noticeably higher compared to the shares’ average daily volume of 2.23 million over the last three months.

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Financial Performance and Market Capitalization

Mira Pharmaceuticals Inc (MIRA) has experienced a quarterly decline of -43.67% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 19.07M and boasts a workforce of 3 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.3552, with a change in price of +0.4899. Similarly, Mira Pharmaceuticals Inc recorded 3,791,751 in trading volume during the last 100 days, posting a change of +61.23%.

MIRA Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MIRA stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

MIRA Stock Stochastic Average

As of today, the raw stochastic average of Mira Pharmaceuticals Inc over the past 50 days is 16.07%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 79.41%. Additionally, the Stochastic %K and %D values for the company were 42.16% and 23.86%, respectively, over the past 20 days.

MIRA 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. Year to date metric has recorded a gain of 22.86%.However, over the last six months, we can see a weaker performance of 50.03%. Over the last 30 days, the price of MIRA has fallen by 20.56%. And in the last five days, it has surged by 17.27%.

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