Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
ReShape Lifesciences Inc (NASDAQ: RSLS) closed the day trading at $0.39 down -12.17% from the previous closing price of $0.44. In other words, the price has decreased by -$12.17 from its previous closing price. On the day, 0.84 million shares were traded. RSLS stock price reached its highest trading level at $0.44 during the session, while it also had its lowest trading level at $0.3868.
Ratios:
For a better understanding of RSLS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.05.
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 May 31 ’24 when STANKOVICH THOMAS sold 48 shares for $0.25 per share. The transaction valued at 12 led to the insider holds 22,777 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RSLS now has a Market Capitalization of 1278739 and an Enterprise Value of -276264. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.18. Its current Enterprise Value per Revenue stands at -0.034 whereas that against EBITDA is 0.035.
Stock Price History:
The Beta on a monthly basis for RSLS is 1.53, which has changed by -0.95906496 over the last 52 weeks, in comparison to a change of 0.06429911 over the same period for the S&P500. Over the past 52 weeks, RSLS has reached a high of $29.00, while it has fallen to a 52-week low of $0.44. The 50-Day Moving Average of the stock is -80.77%, while the 200-Day Moving Average is calculated to be -93.96%.
Shares Statistics:
Over the past 3-months, RSLS traded about 1.20M shares per day on average, while over the past 10 days, RSLS traded about 460740 shares per day. A total of 3.31M shares are outstanding, with a floating share count of 2.71M. Insiders hold about 18.08% of the company’s shares, while institutions hold 1.01% stake in the company. Shares short for RSLS as of 1741910400 were 367182 with a Short Ratio of 0.31, compared to 1739491200 on 82814. Therefore, it implies a Short% of Shares Outstanding of 367182 and a Short% of Float of 11.1099996.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
