The trading price of RedHill Biopharma Ltd. (NASDAQ:RDHL) closed lower on Tuesday, Jan 12, closing at $8.71, -13.66% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $6.86 and $7.79. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 1.63. In examining the 52-week price action we see that the stock hit a 52-week high of $11.35 and a 52-week low of $3.26. Over the past month, the stock has suffered -9.83% in value.
RedHill Biopharma Ltd., whose market valuation is $287.64 Million at the time of this writing, is expected to release its quarterly earnings report in Feb 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.24 per share this quarter, however they have predicted annual earnings per share of -$1.83 for 2021 and -$0.59 for 2022. It means analysts are expecting annual earnings per share growth of 0.31% this year and -0.68% next year.
Analysts have forecast the company to bring in revenue of $26.03 Million for the quarter, with the likely lows of $23.63 Million and highs of $29.7 Million. The average estimate suggests sales will likely up by 1537.1% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $68.13 Million. The company’s revenue is forecast to grow by +983% over what it did in 2020.
On the technical side, indicators suggest RDHL has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned RDHL a recommendation rating is 5. Out of them, no one rate it a Hold, while 5 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged RedHill Biopharma Ltd. (RDHL) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that RDHL’s price is currently -13.77% off the SMA20 and -12.3% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.04, and weekly volatility stands at 7.6%. When measured over the past 30 days, the indicator reaches 6.92%. RedHill Biopharma Ltd. (NASDAQ:RDHL)’s beta value is currently sitting at 1.63, while the Average True Range indicator is currently displaying 0.64. With analysts defining $12-$27 as the low and high price targets, we arrive at a consensus price target of $22 for the trailing 12-month period. The current price is about 59.57% off the estimated low and 259.04% off the forecast high, based on this estimate. Investors will be thrilled if RDHL’s share price rises to $23, which is the median consensus price. At that level, RDHL’s share price would be +205.85% above current price.
To see how RedHill Biopharma Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: RDHL stock’s performance was -13.66% in the latest trading, and +24.92% in the past year, while Zoetis Inc Cl A (ZTS) has traded -1.93% on the day and positioned +21.69% higher than it was a year ago. Another comparable company Takeda Pharmaceutical CO Ltd (TAK) saw its stock close -0.27% lower in the most recent trading session but was down -8.42% in a year. Furthermore, Catalent Inc (CTLT) showed a decline of -13.66% on the day while its price kept rising at 24.92% over the past year. RedHill Biopharma Ltd. has a P/E ratio of 0, compared to Zoetis Inc Cl A’s 47.69 and Takeda Pharmaceutical CO Ltd’s 22.51. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of RedHill Biopharma Ltd. (NASDAQ:RDHL) indicates that the 3-month average is 280.2 Million. However, this figure has declined over the past 10 days to an average of 210.38 Million.
Currently, records show that 37.41 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0.29% of outstanding shares, whereas institutions hold 23.38%. The stats also highlight that short interest as of December 14, 2020, stood at 1.95 Million shares, resulting in a short ratio of 6.88 at that time. From this, we can conclude that short interest is 5.18% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 1.57 Million. However, since the stock’s price has seen -6.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.
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