Prime Medicine Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $9.86 on 12/15/23 and a low of $3.06 for the same time frame on 11/20/24.
52-week price history of PRME 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. Prime Medicine Inc’s current trading price is -69.68% away from its 52-week high, while its distance from the 52-week low is -2.38%. The stock’s price range during the 52-week period has remained between $3.06 and $9.86. In the Healthcare sector, the company’s shares saw a trading volume of around 1.15 million for the day, which was evidently lower than the average daily volume of 1.51 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Prime Medicine Inc (PRME) has experienced a quarterly decline of -27.78% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 392.17M and boasts a workforce of 234 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 4.33, with a change in price of -2.49. Similarly, Prime Medicine Inc recorded 1,220,967 in trading volume during the last 100 days, posting a change of -45.44%.
Examining PRME’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 PRME stands at 0.22. Similarly, the long-term debt-to-equity ratio is also 0.19.
PRME Stock Stochastic Average
Prime Medicine Inc’s raw stochastic average for the past 50 days is presently 4.25%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 4.97%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 4.57% and 4.24%, respectively.
PRME Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price loss of -66.25% this year. Over the last six months, there has been a stronger performance of -59.87%. The price of PRME leaped by -32.96% during the last 30 days period. For the last 5-days stocks have slided -24.49%.
