Upward Trajectory: ReShape Lifesciences Inc. (RSLS) Posts a Gaine, Closing at 0.20

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The closing price of ReShape Lifesciences Inc. (NASDAQ: RSLS) was $0.20 for the day, up 3.66% from the previous closing price of $0.19. In other words, the price has increased by $3.66 from its previous closing price. On the day, 6.83 million shares were traded. RSLS stock price reached its highest trading level at $0.216 during the session, while it also had its lowest trading level at $0.1861.

Ratios:

Our analysis of RSLS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 2.24. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 25 ’23 when STANKOVICH THOMAS sold 131 shares for $0.27 per share. The transaction valued at 35 led to the insider holds 22,949 shares of the business.

STANKOVICH THOMAS sold 39 shares of RSLS for $36 on Oct 11 ’23. The Chief Financial Officer now owns 23,080 shares after completing the transaction at $0.93 per share. On Sep 01 ’23, another insider, STANKOVICH THOMAS, who serves as the Chief Financial Officer of the company, sold 118 shares for $0.89 each. As a result, the insider received 105 and left with 23,119 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, RSLS now has a Market Capitalization of 4581171 and an Enterprise Value of 2441169. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 0.293 whereas that against EBITDA is -0.22.

Stock Price History:

The Beta on a monthly basis for RSLS is 1.54, which has changed by -0.88857144 over the last 52 weeks, in comparison to a change of 0.26238096 over the same period for the S&P500. Over the past 52 weeks, RSLS has reached a high of $2.16, while it has fallen to a 52-week low of $0.14. The 50-Day Moving Average of the stock is 3.10%, while the 200-Day Moving Average is calculated to be -25.33%.

Shares Statistics:

RSLS traded an average of 5.59M shares per day over the past three months and 2746220 shares per day over the past ten days. A total of 23.46M shares are outstanding, with a floating share count of 20.81M. Insiders hold about 11.27% of the company’s shares, while institutions hold 1.25% stake in the company. Shares short for RSLS as of 1715731200 were 310621 with a Short Ratio of 0.39, compared to 1713139200 on 487784. Therefore, it implies a Short% of Shares Outstanding of 310621 and a Short% of Float of 1.48.

Earnings Estimates

Current recommendations for the stock of the company come from 1.0 analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.12, while EPS last year was -$1.08. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.1 and low estimates of -$0.1.

Analysts are recommending an EPS of between -$0.45 and -$0.45 for the fiscal current year, implying an average EPS of -$0.45. EPS for the following year is -$0.36, with 1.0 analysts recommending between -$0.36 and -$0.36.

Revenue Estimates

For the next quarter, 1 analysts are estimating revenue of $2.51M. There is a high estimate of $2.51M for the next quarter, whereas the lowest estimate is $2.51M.

A total of 1 analysts have provided revenue estimates for RSLS’s current fiscal year. The highest revenue estimate was $9.99M, while the lowest revenue estimate was $9.99M, resulting in an average revenue estimate of $9.99M. In the same quarter a year ago, actual revenue was $8.68MBased on 1 analysts’ estimates, the company’s revenue will be $11.99M in the next fiscal year. The high estimate is $11.99M and the low estimate is $11.99M.

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