Gaining Ground: Reneo Pharmaceuticals Inc (RPHM) Closes Lower at 1.59, Down -12.15

Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.

The price of Reneo Pharmaceuticals Inc (NASDAQ: RPHM) closed at $1.59 in the last session, down -12.15% from day before closing price of $1.81. In other words, the price has decreased by -$12.15 from its previous closing price. On the day, 6.39 million shares were traded. RPHM stock price reached its highest trading level at $1.73 during the session, while it also had its lowest trading level at $1.5501.


We take a closer look at RPHM’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 29.82 and its Current Ratio is at 29.82. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

H.C. Wainwright Downgraded its Buy to Neutral on December 15, 2023, whereas the target price for the stock was revised from $30 to $1.50.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 28 ’23 when Hall Ashley sold 15,625 shares for $6.28 per share. The transaction valued at 98,058 led to the insider holds 39,600 shares of the business.

Novo Holdings A/S sold 100,000 shares of RPHM for $709,740 on Jun 23 ’23. The 10% Owner now owns 3,330,337 shares after completing the transaction at $7.10 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RPHM now has a Market Capitalization of 53139072 and an Enterprise Value of -28788916.

Stock Price History:

Over the past 52 weeks, RPHM has reached a high of $9.45, while it has fallen to a 52-week low of $0.98. The 50-Day Moving Average of the stock is -5.76%, while the 200-Day Moving Average is calculated to be -62.95%.

Shares Statistics:

According to the various share statistics, RPHM traded on average about 154.00K shares per day over the past 3-months and 733420 shares per day over the past 10 days. A total of 33.42M shares are outstanding, with a floating share count of 22.25M. Insiders hold about 33.43% of the company’s shares, while institutions hold 54.34% stake in the company. Shares short for RPHM as of 1714435200 were 3072014 with a Short Ratio of 19.95, compared to 1711584000 on 2916741. Therefore, it implies a Short% of Shares Outstanding of 3072014 and a Short% of Float of 15.879999999999999.

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