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. CorMedix Inc’s current trading price is -22.67% away from its 52-week high, while its distance from the 52-week low is 253.47%. The stock’s price range over this period has fluctuated between $3.03 and $13.85. The company, operating within the financial sector, had a trading volume of approximately 1.58 million for the day, which was noticeably higher than the average daily share volume of 1.05 million over the last 3 months.
The market performance of CorMedix Inc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $13.85 on 10/29/24, while the lowest value for the same duration was $3.03 on 03/12/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
CorMedix Inc (CRMD) has experienced a quarterly rise of 8.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 649.85M and boasts a workforce of 82 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.37, with a change in price of +0.98. Similarly, CorMedix Inc recorded 1,131,191 in trading volume during the last 100 days, posting a change of +10.07%.
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 CRMD stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
CRMD Stock Stochastic Average
Today, CorMedix Inc’s raw stochastic average for the past 50 days stands at 55.09%, indicating a decline from the raw stochastic average of the last 20 days, which was 71.92%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 42.04% and 31.37% respectively.
CRMD 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. This year’s metric has recorded a Price increase of 32.22%. However, over the past six months, we’ve seen a weaker performance of 86.59%. The price of CRMD fallen by 0.28% over the last 30 days. And in the last five days, it has surged by 3.38%.
