A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Black Diamond Therapeutics Inc’s current trading price is -57.57% away from its 52-week high, while its distance from the 52-week low is 100.62%. The stock’s price range for this time frame has been between $1.62 and $7.66. The trading volume of the company’s shares in the Healthcare reached around 0.77 million for the day, which was evidently lower than the average daily volume of 1.21 million over the last three months.
The market performance of Black Diamond Therapeutics Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $7.66 on 05/06/24, with the lowest value for the same timeframe being $1.62, recorded on 11/10/23.
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How Financial Performance Impacts Market Capitalization
Black Diamond Therapeutics Inc (BDTX) has experienced a quarterly decline of -28.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 183.64M and boasts a workforce of 54 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 4.84, with a change in price of -2.92. Similarly, Black Diamond Therapeutics Inc recorded 1,017,095 in trading volume during the last 100 days, posting a change of -47.33%.
How BDTX’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 BDTX stands at 0.21. Similarly, the long-term debt-to-equity ratio is also 0.18.
BDTX Stock Stochastic Average
Black Diamond Therapeutics Inc’s raw stochastic average for the past 50 days is currently at 13.19%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 56.28%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 32.58% and 18.04%, respectively.
BDTX 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. This year’s metric has recorded a Price increase of 15.66%. However, over the past six months, we’ve seen a stronger performance of -54.86%. The price of BDTX leaped by -11.20% over the last 30 days. And in the last five days, it has surged by 13.64%.
