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Pasithea Therapeutics Corp. (KTTA) stock has reached a new 52-week low, trading at $2.19, marking a 76% decline from its 52-week high of $9.25. This latest price point underscores a period of significant decline for the biotech company, which has seen its stock value decrease by 66% over the past year. According to InvestingPro analysis, the company maintains a strong liquidity position with a current ratio of 14.8, though it’s currently unprofitable. Investors have been cautious as the company navigates through a challenging market environment, with broader economic pressures and sector-specific headwinds contributing to the downward trend. The 52-week low serves as a critical marker for Pasithea Therapeutics, reflecting investor sentiment and the company’s performance in a competitive industry. InvestingPro subscribers can access 12 additional investment tips and comprehensive analysis to better understand KTTA’s potential in this volatile market.
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