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After finishing at $2.27 in the prior trading day, Rani Therapeutics Holdings Inc (NASDAQ: RANI) closed at $2.05, down -9.69%. In other words, the price has decreased by -$9.69 from its previous closing price. On the day, 1.32 million shares were traded. RANI stock price reached its highest trading level at $2.29 during the session, while it also had its lowest trading level at $2.0.
Ratios:
Our goal is to gain a better understanding of RANI by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 10.81 whereas as Long-Term Debt/Eq ratio is at 5.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on August 02, 2024, initiated with a Outperform rating and assigned the stock a target price of $17.
On June 14, 2024, Maxim Group started tracking the stock assigning a Buy rating and target price of $15.
On June 13, 2024, Rodman & Renshaw started tracking the stock assigning a Buy rating and target price of $10.Rodman & Renshaw initiated its Buy rating on June 13, 2024, with a $10 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 15 ’24 when South Cone Investments Limited sold 3,829,360 shares for $2.65 per share. The transaction valued at 10,141,674 led to the insider holds 8,302,194 shares of the business.
Quiroga Cortes Isidoro Alfonso sold 5,265,165 shares of RANI for $10,582,982 on Nov 24 ’23. The 10% Owner now owns 8,400 shares after completing the transaction at $2.01 per share. On Nov 24 ’23, another insider, South Cone Investments Limited, who serves as the 10% Owner of the company, bought 5,265,165 shares for $2.01 each. As a result, the insider paid 10,582,982 and bolstered with 12,131,554 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RANI now has a Market Capitalization of 118628576 and an Enterprise Value of 75893648.
Stock Price History:
Over the past 52 weeks, RANI has reached a high of $8.75, while it has fallen to a 52-week low of $1.90. The 50-Day Moving Average of the stock is -13.27%, while the 200-Day Moving Average is calculated to be -43.46%.
Shares Statistics:
The stock has traded on average 1.63M shares per day over the past 3-months and 544150 shares per day over the last 10 days, according to various share statistics. A total of 26.04M shares are outstanding, with a floating share count of 21.82M. Insiders hold about 32.42% of the company’s shares, while institutions hold 14.80% stake in the company. Shares short for RANI as of 1730332800 were 1491169 with a Short Ratio of 0.92, compared to 1727654400 on 788592. Therefore, it implies a Short% of Shares Outstanding of 1491169 and a Short% of Float of 7.7199996.
