Avidity Biosciences Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $56.00 on 11/13/24, while the lowest price for the same period was registered at $5.68 on 11/21/23.
52-week price history of RNA Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Avidity Biosciences Inc’s current trading price is -24.68% away from its 52-week high, while its distance from the 52-week low is 642.61%. The stock’s price range during the 52-week period has remained between $5.68 and $56.00. In the Healthcare sector, the company’s shares saw a trading volume of around 2.0 million for the day, which was evidently higher than the average daily volume of 1.32 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Avidity Biosciences Inc (RNA) has experienced a quarterly decline of -7.09% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.25B and boasts a workforce of 253 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 44.34, with a change in price of +2.27. Similarly, Avidity Biosciences Inc recorded 1,358,711 in trading volume during the last 100 days, posting a change of +5.69%.
Examining RNA’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 RNA stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.00.
RNA Stock Stochastic Average
As of today, Avidity Biosciences Inc’s raw stochastic average for the last 50 days stands at 14.93%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 7.12%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 47.69% and 59.31%, respectively.
RNA Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price gain of 366.08% this year. Over the last six months, there has been a weaker performance of 42.98%. The price of RNA leaped by -13.07% during the last 30 days period. For the last 5-days stocks have slided -9.72%.
