by Product (Temperature Patch, Blood Glucose Patch, Blood Pressure Patch, Heart Rate Patch & ECG Patch, Skin Care Patch, and Others) and End Use (Healthcare and Fitness and Sports): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global wearable patch industry generated $12.23 billion in 2019, and is expected to reach $27.82 billion by 2027, witnessing a CAGR of 9.6% from 2020 to 2027.
Prime Determinants of Growth
Technological advancements, surge in consumer awareness, and increase in prevalence of chronic diseases drive the growth of the global wearable patch market. However, expensive nature of sensor patch and concerns regarding data privacy and security hinder the market growth. On the other hand, increase in adoption of telehealth and demand for the connected wearable patches present new opportunities in the coming years.
An important indicator for investors to consider could be a stock’s 52-week trading range, the range showing the lowest and highest price a particular stock traded over the trailing year.
Finding stocks trading near 52-week lows can be a strategy to find fallen companies that could still have fundamentals, a story in place and could be rebound candidates.
Here is a look at four stocks at 52-week lows that could bounce.
Splunk: Shares of Splunk Inc (NASDAQ:SPLK) are down only 2% over the last 52 weeks. Despite the small decline, shares are down significantly from their peak level of $225.89 hit in August.
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Mid-Afternoon Market Update: Dow Falls Over 100 Points; Canaan Shares Tumble After Q4 Results benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.