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. CorMedix Inc’s current trading price is -4.84% away from its 52-week high, while its distance from the 52-week low is 265.10%. The stock’s price range during this period has varied between $3.61 and $13.85. The company, active in the Healthcare sector, saw a trading volume of around 2.54 million for the day, considerably higher average daily volume of 1.86 million observed over the last three months.
CorMedix 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 $13.85 on 10/29/24, while the lowest price during the same period was $3.61 on 08/13/24.
How Financial Performance Impacts Market Capitalization
CorMedix Inc (CRMD) has experienced a quarterly rise of 38.88% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 893.93M and boasts a workforce of 65 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
How CRMD’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 CRMD stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
CRMD 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 62.72%. However, over the past six months, we’ve seen a weaker performance of 33.13%. The price of CRMD fallen by 18.10% over the last 30 days. And in the last five days, it has surged by 7.86%.
