Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The metric has seen a significant loss of -27.95% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -1.33%. Over the past 30 days, the price of FBRX has fallen by 211.58%. And in the last five days, it has surged by 161.02%.
The stock market performance of Forte Biosciences Inc has been very steady. Over the last year, the company’s stock hit its highest at $21.25 on 01/10/24, while the lowest price during the same time frame was $4.11, recorded on 11/01/24.
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52-week price history of FBRX Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Forte Biosciences Inc’s current trading price is -30.35% away from its 52-week high, while its distance from the 52-week low is 260.10%. The stock’s price range over this timeframe has been between $4.11 and $21.25. The shares of the Healthcare sector company recorded a trading volume of approximately 19.21 million for the day, which was comparatively higher than the average daily volume of 11910.0 over the last three months.
The Connection Between Financial Performance and Market Capitalization
Forte Biosciences Inc (FBRX) has experienced a quarterly rise of 85.58% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 21.63M and boasts a workforce of 9 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 8.39, with a change in price of +3.35. Similarly, Forte Biosciences Inc recorded 162,745 in trading volume during the last 100 days, posting a change of +24.55%.
FBRX’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for FBRX stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
FBRX Stock Stochastic Average
The raw stochastic average for Forte Biosciences Inc over the last 50 days is presently at 87.69%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 87.69%. Further, the company’s Stochastic %K and %D values for the last 20 days were 87.03% and 88.98%, respectively.
