Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Relmada Therapeutics Inc (NASDAQ: RLMD) closed at $0.47 in the last session, up 7.86% from day before closing price of $0.44. In other words, the price has increased by $7.86 from its previous closing price. On the day, 0.86 million shares were traded. RLMD stock price reached its highest trading level at $0.49 during the session, while it also had its lowest trading level at $0.435.
Ratios:
We take a closer look at RLMD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.89 and its Current Ratio is at 6.89. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 the company, Mizuho on December 05, 2024, Downgraded its rating to Neutral and sets its target price to $1 from $23 previously.
On September 17, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $3.50 to $13.
Goldman Downgraded its Neutral to Sell on June 05, 2024, whereas the target price for the stock was revised from $3 to $2.
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 Sep 11 ’24 when TRAVERSA SERGIO bought 51,407 shares for $2.99 per share. The transaction valued at 153,707 led to the insider holds 384,024 shares of the business.
TRAVERSA SERGIO bought 55,579 shares of RLMD for $150,619 on Sep 09 ’24. The Chief Executive Officer now owns 299,603 shares after completing the transaction at $2.71 per share. On Sep 10 ’24, another insider, TRAVERSA SERGIO, who serves as the Chief Executive Officer of the company, bought 33,014 shares for $2.75 each. As a result, the insider paid 90,788 and bolstered with 332,617 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, RLMD now has a Market Capitalization of 14320675 and an Enterprise Value of 27930570.
Stock Price History:
Over the past 52 weeks, RLMD has reached a high of $7.22, while it has fallen to a 52-week low of $0.34. The 50-Day Moving Average of the stock is -75.16%, while the 200-Day Moving Average is calculated to be -84.61%.
Shares Statistics:
According to the various share statistics, RLMD traded on average about 959.20K shares per day over the past 3-months and 1306630 shares per day over the past 10 days. A total of 30.17M shares are outstanding, with a floating share count of 25.28M. Insiders hold about 16.22% of the company’s shares, while institutions hold 41.26% stake in the company. Shares short for RLMD as of 1728950400 were 1255763 with a Short Ratio of 1.86, compared to 1726185600 on 1179677. Therefore, it implies a Short% of Shares Outstanding of 1255763 and a Short% of Float of 4.2299999999999995.
