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. Mereo Biopharma Group Plc ADR’s current trading price is -51.20% away from its 52-week high, while its distance from the 52-week low is 3.36%. The stock’s price range during this period has varied between $2.37 and $5.02. The company, active in the Healthcare sector, saw a trading volume of around 0.84 million for the day, considerably lower average daily volume of 1.12 million observed over the last three months.
Mereo Biopharma Group Plc ADR’s stock market performance has been somewhat irregular.
How Financial Performance Impacts Market Capitalization
Mereo Biopharma Group Plc ADR (MREO) has experienced a quarterly decline of -27.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 379.04M and boasts a workforce of 33 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 3.57, with a change in price of -1.94. Similarly, Mereo Biopharma Group Plc ADR recorded 959,424 in trading volume during the last 100 days, posting a change of -43.98%.
How MREO’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 MREO stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.01.
MREO Stock Stochastic Average
As of today, the raw stochastic average of Mereo Biopharma Group Plc ADR over the past 50 days is 6.29%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 10.73%. Additionally, the Stochastic %K and %D values for the company were 9.60% and 9.13%, respectively, over the past 20 days.
MREO Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant loss of -30.01% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -48.96%. Over the past 30 days, the price of MREO has leaped by -16.39%. And in the last five days, it has fallen by -14.05%.
