Molecular Data Inc. (NASDAQ:MKD) price closed higher on Friday, Jan 22, jumping 72.28% above its previous close.

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A look at the daily price movement shows that the last close reads $0.89, with intraday deals fluctuated between $0.8900 and $1.6900. The company’s 5Y monthly beta was ticking 0 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.83 and 52-week low of $0.57. The stock added 73.86% on its value in the past month.

On the technical perspective front, indicators give MKD a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as Hold.

Turning out attention to how the Molecular Data Inc. stock has performed in comparison to its peers in the industry, here’s what we find: MKD’s stock is +72.28% on the day and -64.83% in the past 12 months, while Spotify Technology S.A. (SPOT) traded -2.68% in the last session and was positioned +127.54% up on its price 12 months ago. Another comparison is with Docusign Inc (DOCU) whose stock price was up 0.48% in the last trading session, and has flourished +243.27% over the past year. Also, Thomson Reuters Corp (TRI) showed uptrend of 72.28% while its price kept floating at -64.83% over the past year. As for Molecular Data Inc., the P/E ratio stands at 0 lower than that of Spotify Technology S.A.’s at 0 and Docusign Inc’s 0. Elsewhere in the market, the S&P 500 Index has fell -0.3% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.57%.

An analysis of the Molecular Data Inc. (NASDAQ:MKD) stock in terms of its daily trading volume indicates that the 3-month average is 4.08 Million. However, this figure declines on the past 10-day timeline to an average of 27.27 Million.

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Curent records show that the company has 129.64 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 0% of outstanding shares while the percentage share held by institutions stands at 20.31%. The stats also highlight that short interest as of December 30, 2020, stood at 31.71 Million shares, which puts the short ratio at the time at 0.05. From this we can glean that short interest is 0.02% of company’s current outstanding shares. Notably, we see that shares short in December fell slightly given the previous month’s figure stood at 157.95 Million. But the +82.14% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.


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