Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Passage Bio Inc’s current trading price is -65.31% away from its 52-week high, while its distance from the 52-week low is 37.69%. The stock’s price range over this period has fluctuated between $0.45 and $1.79. The company, operating within the financial sector, had a trading volume of approximately 0.98 million for the day, which was noticeably higher than the average daily share volume of 0.25 million over the last 3 months.
Passage Bio Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $1.79 on 03/06/24 and the lowest value was $0.45 on 11/19/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Passage Bio Inc (PASG) has experienced a quarterly decline of -16.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 36.14M and boasts a workforce of 58 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.7120, with a change in price of -0.2950. Similarly, Passage Bio Inc recorded 274,022 in trading volume during the last 100 days, posting a change of -32.21%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for PASG stands at 0.36. Similarly, the long-term debt-to-equity ratio is also 0.30.
PASG Stock Stochastic Average
Today’s raw stochastic average for Passage Bio Inc over the last 50 days is 51.20%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 71.13%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 43.95% and 33.12%, respectively.
PASG Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price loss of -38.51% this year. Over the last six months, there has been a stronger performance of -47.82%. The price of PASG fallen by 2.92% during the last 30 days period. For the last 5-days stocks have improved 31.85%.
