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Myriad Genetics, Inc: Navigating Market Fluctuations with a 1.58B Market Cap

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Myriad Genetics, Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $29.30 on 09/18/24, while the lowest price for the same duration was marked at $15.03 on 11/02/23.

52-week price history of MYGN Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Myriad Genetics, Inc’s current trading price is -40.78% away from its 52-week high, while its distance from the 52-week low is 15.44%. The stock’s price range during this period has spanned from $15.03 to $29.30. In the Healthcare sector, the Myriad Genetics, Inc’s shares surpassed a trading volume of approximately 2.27 million for the day, which was noticeably higher compared to the average daily volume of 9.0.66 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Myriad Genetics, Inc (MYGN) has experienced a quarterly decline of -32.86% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.58B and boasts a workforce of 2700 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 25.89, with a change in price of -5.09. Similarly, Myriad Genetics, Inc recorded 744,035 in trading volume during the last 100 days, posting a change of -22.65%.

Examining MYGN’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for MYGN stands at 0.19. Similarly, the long-term debt-to-equity ratio is also 0.18.

MYGN Stock Stochastic Average

Today, Myriad Genetics, Inc’s raw stochastic average for the past 50 days stands at 3.95%, indicating a decline from the raw stochastic average of the last 20 days, which was 5.05%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 11.30% and 12.83% respectively.

MYGN Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price loss of -9.35% this year. Over the last six months, there has been a stronger performance of -10.89%. The price of MYGN leaped by -34.35% during the last 30 days period. For the last 5-days stocks have slided -19.53%.

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