Rapid Micro Biosystems Inc (NASDAQ:RPID) shares, rose in value on Wednesday, June 18, with the stock price down by -9.80% to the previous day’s close as strong demand from buyers drove the stock to $3.13.
Actively observing the price movement in the last trading, the stock closed the session at $3.47. Referring to stock’s 52-week performance, its high was $4.04, and the low was $0.58. On the whole, RPID has fluctuated by -5.44% over the past month.
With the market capitalization of Rapid Micro Biosystems Inc currently standing at about $137.20 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-09.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RPID’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of RPID currently trading nearly -9.54% and 8.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.90, while the 7-day volatility ratio is showing 4.51% which for the 30-day chart, stands at 4.80%. Furthermore, Rapid Micro Biosystems Inc (RPID)’s beta value is 1.34, and its average true range (ATR) is 0.26.
A comparison of Rapid Micro Biosystems Inc (RPID) with its peers suggests the former has fared considerably weaker in the market. RPID showed an intraday change of -9.80% in last session, and over the past year, it grew by 306.49%%.
Data on historical trading for Rapid Micro Biosystems Inc (NASDAQ:RPID) indicates that the trading volumes over the past 3 months, they’ve averaged 141.85K. According to company’s latest data on outstanding shares, there are 39.19 million shares outstanding.
Nearly 54.83% of Rapid Micro Biosystems Inc’s shares belong to company insiders and institutional investors own 10.16% of the company’s shares. The stock has risen by 247.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RPID stock heading into the next quarter.
