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. Roivant Sciences Ltd’s current trading price is -15.32% away from its 52-week high, while its distance from the 52-week low is 13.27%. The stock’s price range during this period has varied between $9.76 and $13.06. The company, active in the Healthcare sector, saw a trading volume of around 4.95 million for the day, considerably higher average daily volume of 4.75 million observed over the last three months.
Roivant Sciences Ltd had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $13.06 on 09/09/24, while the lowest price during the same period was $9.76 on 03/20/24.
How Financial Performance Impacts Market Capitalization
Roivant Sciences Ltd (ROIV) has experienced a quarterly decline of -6.63% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.89B and boasts a workforce of 908 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 11.35, with a change in price of -0.69. Similarly, Roivant Sciences Ltd recorded 4,668,748 in trading volume during the last 100 days, posting a change of -5.92%.
How ROIV’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 ROIV stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.02.
ROIV Stock Stochastic Average
As of today, the raw stochastic average of Roivant Sciences Ltd over the last 50 days is at 57.95%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 73.88%. Further, the company’s Stochastic %K and %D values for the last 20 days were 79.33% and 77.54%, respectively.
ROIV 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 decrease of -6.55%. However, over the past six months, we’ve seen a stronger performance of -8.18%. The price of ROIV fallen by 3.51% over the last 30 days. And in the last five days, it has surged by 4.29%.
