Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $2.54 in the prior trading day, ReShape Lifesciences Inc (NASDAQ: RSLS) closed at $2.33, down -8.27%. In other words, the price has decreased by -$8.27 from its previous closing price. On the day, 0.12 million shares were traded. RSLS stock price reached its highest trading level at $2.5868 during the session, while it also had its lowest trading level at $2.32.
Ratios:
Our goal is to gain a better understanding of RSLS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.05.
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.
STANKOVICH THOMAS sold 43 shares of RSLS for $7 on Feb 29 ’24. The Chief Financial Officer now owns 22,825 shares after completing the transaction at $0.17 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, RSLS now has a Market Capitalization of 1700853 and an Enterprise Value of 1108544. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 1.10. Its current Enterprise Value per Revenue stands at 0.135 whereas that against EBITDA is -0.14.
Stock Price History:
The Beta on a monthly basis for RSLS is 1.44, which has changed by -0.7579975 over the last 52 weeks, in comparison to a change of 0.22894537 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 $2.42. The 50-Day Moving Average of the stock is -45.37%, while the 200-Day Moving Average is calculated to be -70.68%.
Shares Statistics:
The stock has traded on average 38.14K shares per day over the past 3-months and 89030 shares per day over the last 10 days, according to various share statistics. A total of 0.70M shares are outstanding, with a floating share count of 0.69M. Insiders hold about 5.17% of the company’s shares, while institutions hold 4.09% stake in the company. Shares short for RSLS as of 1738281600 were 22551 with a Short Ratio of 0.59, compared to 1735603200 on 18447. Therefore, it implies a Short% of Shares Outstanding of 22551 and a Short% of Float of 3.2800000000000002.
