The trading price of Rapid Micro Biosystems Inc (NASDAQ:RPID) closed higher on Friday, January 17, and closing at $1.23, 2.50% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.17 and $1.2999. In examining the 52-week price action we see that the stock hit a 52-week high of $1.45 and a 52-week low of $0.58. Over the past month, the stock has gained 23.00% in value.
Rapid Micro Biosystems Inc, whose market valuation is $52.93 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.22 per share this quarter, however they have predicted annual earnings per share of -1.08 for current year and -0.89 for next year.
Analysts have forecast the company to bring in revenue of 7.6M for the current quarter, with the likely lows of 7.1M and highs of 8.1M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 27.45M.
On the technical side, indicators suggest RPID has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
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 RPID a recommendation rating is 1. Out of them, 1 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Rapid Micro Biosystems Inc (RPID) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that RPID’s price is currently 20.44% off the SMA20 and 15.97% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.58, and weekly volatility stands at 17.73%. When measured over the past 30 days, the indicator reaches 11.94%. Rapid Micro Biosystems Inc (NASDAQ:RPID)’s beta value is currently sitting at 1.08, while the Average True Range indicator is currently displaying 0.12. With analysts defining $8-$8 as the low and high price targets, we arrive at a consensus price target of $8 for the trailing 12-month period. The current price is about -550.41% off the estimated low and -550.41% off the forecast high, based on this estimate. Investors will be thrilled if RPID’s share price rises to $8, which is the median consensus price. At that level, RPID’s share price would be -550.41% below current price.
To see how Rapid Micro Biosystems Inc stock has been performing in comparison to its peers in the industry, here are the numbers: RPID stock’s performance was 2.50% in the latest trading, and 24.25% in the past year.
An evaluation of the daily trading volume of Rapid Micro Biosystems Inc (NASDAQ:RPID) indicates that the 3-month average is 100.06K. However, this figure has increased over the past 10 days to an average of 0.21.
Currently, records show that 37.72 million of the company’s shares remain outstanding. The insiders hold 52.29% of outstanding shares, whereas institutions hold 17.50%. The stats also highlight that short interest as of 2024-12-31, stood at 43583.0 shares, resulting in a short ratio of 0.77 at that time. From this, we can conclude that short interest is 22.00 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 31130.0. However, since the stock’s price has seen 36.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
