The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
ReShape Lifesciences Inc (NASDAQ: RSLS) closed the day trading at $0.36 down -0.85% from the previous closing price of $0.37. In other words, the price has decreased by $-0.85 from its previous closing price. On the day, 1.9 million shares were traded. RSLS stock price reached its highest trading level at $0.3819 during the session, while it also had its lowest trading level at $0.3548.
Ratios:
For a better understanding of RSLS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 0.92.
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 4284968 and an Enterprise Value of 4354874. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51. Its current Enterprise Value per Revenue stands at 0.544 whereas that against EBITDA is -0.655.
Stock Price History:
The Beta on a monthly basis for RSLS is 1.47, which has changed by -0.96240133 over the last 52 weeks, in comparison to a change of 0.097913146 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 $0.30. The 50-Day Moving Average of the stock is -49.89%, while the 200-Day Moving Average is calculated to be -93.15%.
Shares Statistics:
Over the past 3-months, RSLS traded about 15.40M shares per day on average, while over the past 10 days, RSLS traded about 18414820 shares per day. A total of 11.28M shares are outstanding, with a floating share count of 9.24M. Insiders hold about 18.08% of the company’s shares, while institutions hold 0.30% stake in the company. Shares short for RSLS as of 1744675200 were 1037895 with a Short Ratio of 0.07, compared to 1741910400 on 367182. Therefore, it implies a Short% of Shares Outstanding of 1037895 and a Short% of Float of 9.2.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
