Market Momentum Report: RAPT Therapeutics Inc (RAPT)’s Positive Close at 0.83

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The price of RAPT Therapeutics Inc (NASDAQ: RAPT) closed at $0.83 in the last session, up 2.18% from day before closing price of $0.81. In other words, the price has increased by $2.18 from its previous closing price. On the day, 0.71 million shares were traded. RAPT stock price reached its highest trading level at $0.8782 during the session, while it also had its lowest trading level at $0.8.

Ratios:

We take a closer look at RAPT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 9.90 and its Current Ratio is at 9.90. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.

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, Stifel on November 13, 2024, Downgraded its rating to Hold and sets its target price to $2 from $7 previously.

On November 11, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $8 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 Jan 05 ’24 when Brockstedt Dirk G. sold 898 shares for $22.78 per share. The transaction valued at 20,456 led to the insider holds 27,820 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, RAPT now has a Market Capitalization of 28854580 and an Enterprise Value of -63930456.

Stock Price History:

Over the past 52 weeks, RAPT has reached a high of $27.35, while it has fallen to a 52-week low of $0.79. The 50-Day Moving Average of the stock is -45.71%, while the 200-Day Moving Average is calculated to be -77.83%.

Shares Statistics:

According to the various share statistics, RAPT traded on average about 556.15K shares per day over the past 3-months and 363140 shares per day over the past 10 days. A total of 34.90M shares are outstanding, with a floating share count of 30.57M. Insiders hold about 12.56% of the company’s shares, while institutions hold 75.05% stake in the company. Shares short for RAPT as of 1732838400 were 1373341 with a Short Ratio of 2.47, compared to 1730332800 on 2668533. Therefore, it implies a Short% of Shares Outstanding of 1373341 and a Short% of Float of 5.2800003.

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