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. Caredx Inc’s current trading price is -38.52% away from its 52-week high, while its distance from the 52-week low is 188.68%. The stock’s price range during this period has varied between $7.42 and $34.84. The company, active in the Healthcare sector, saw a trading volume of around 0.29 million for the day, considerably lower average daily volume of 0.85 million observed over the last three months.
Caredx Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $34.84 on 08/19/24, while the lowest price during the same period was $7.42 on 04/26/24.
How Financial Performance Impacts Market Capitalization
Caredx Inc (CDNA) has experienced a quarterly decline of -26.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.15B and boasts a workforce of 643 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 26.40, with a change in price of -1.46. Similarly, Caredx Inc recorded 872,647 in trading volume during the last 100 days, posting a change of -6.38%.
How CDNA’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CDNA stands at 0.11. Similarly, the long-term debt-to-equity ratio is also 0.09.
CDNA Stock Stochastic Average
As of today, the raw stochastic average of Caredx Inc over the last 50 days is at 14.36%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 21.18%. Further, the company’s Stochastic %K and %D values for the last 20 days were 14.28% and 10.26%, respectively.
CDNA Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 77.92%. However, over the past six months, we’ve seen a weaker performance of 52.39%. The price of CDNA leaped by -7.70% over the last 30 days. And in the last five days, it has fallen by -3.57%.
