In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $12.51 in the prior trading day, Rapport Therapeutics Inc (NASDAQ: RAPP) closed at $12.69, up 1.44%. In other words, the price has increased by $1.44 from its previous closing price. On the day, 83781.0 shares were traded. RAPP stock price reached its highest trading level at $13.52 during the session, while it also had its lowest trading level at $12.52.
Ratios:
Our goal is to gain a better understanding of RAPP by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 45.91 and its Current Ratio is at 45.91. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
On July 02, 2024, Stifel started tracking the stock assigning a Buy rating and target price of $35.
On July 02, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $35.Jefferies initiated its Buy rating on July 02, 2024, with a $35 target price.
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 Jul 01 ’24 when HEALY JAMES bought 44,032 shares for $24.52 per share. The transaction valued at 1,079,575 led to the insider holds 40,851 shares of the business.
HEALY JAMES bought 558,824 shares of RAPP for $9,500,008 on Jun 10 ’24. The Director now owns 1,863,327 shares after completing the transaction at $17.00 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, RAPP now has a Market Capitalization of 464155776 and an Enterprise Value of 145145232.
Stock Price History:
Over the past 52 weeks, RAPP has reached a high of $29.74, while it has fallen to a 52-week low of $12.09. The 50-Day Moving Average of the stock is -36.50%, while the 200-Day Moving Average is calculated to be -40.98%.
Shares Statistics:
The stock has traded on average 106.65K shares per day over the past 3-months and 111850 shares per day over the last 10 days, according to various share statistics. A total of 36.58M shares are outstanding, with a floating share count of 17.47M. Insiders hold about 52.23% of the company’s shares, while institutions hold 54.54% stake in the company. Shares short for RAPP as of 1735603200 were 1767615 with a Short Ratio of 16.57, compared to 1732838400 on 1790608. Therefore, it implies a Short% of Shares Outstanding of 1767615 and a Short% of Float of 5.2600004.
