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

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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.

Ratios:

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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