Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Cytokinetics Inc’s current trading price is -55.54% away from its 52-week high, while its distance from the 52-week low is 37.46%. The stock’s price range during this period has varied between $35.66 and $110.25. The company, active in the Healthcare sector, saw a trading volume of around 0.88 million for the day, considerably lower average daily volume of 1.18 million observed over the last three months.
Cytokinetics Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $110.25 on 01/08/24, and the lowest price during the same period was recorded at $35.66 on 12/21/23.
How Financial Performance Impacts Market Capitalization
Cytokinetics Inc (CYTK) has experienced a quarterly decline of -5.89% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.79B and boasts a workforce of 423 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 53.54, with a change in price of -10.05. Similarly, Cytokinetics Inc recorded 1,209,150 in trading volume during the last 100 days, posting a change of -17.03%.
CYTK Stock Stochastic Average
As of today, the raw stochastic average of Cytokinetics Inc over the past 50 days is 24.03%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 45.96%. Additionally, the Stochastic %K and %D values for the company were 22.09% and 15.13%, respectively, over the past 20 days.
CYTK 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. Year to date metric has recorded a loss of -41.29%.However, over the last six months, we can see a stronger performance of -9.05%. Over the last 30 days, the price of CYTK has leaped by -1.68%. And in the last five days, it has surged by 0.76%.
