A look into Relmada Therapeutics Inc. (RLMD)’s deeper side

Relmada Therapeutics Inc. (NASDAQ: RLMD) stock fell -7.08% on Wednesday to $5.25 against a previous-day closing price of $5.65. With 0.42 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.04 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $5.74 whereas the lowest price it dropped to was $5.22. The 52-week range on RLMD shows that it touched its highest point at $38.68 and its lowest point at $5.46 during that stretch. It currently has a 1-year price target of $17.42. Beta for the stock currently stands at 0.07.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RLMD was down-trending over the past week, with a drop of -9.17%, but this was down by -26.06% over a month. Three-month performance dropped to -83.11% while six-month performance fell -72.67%. The stock lost -72.37% in the past year, while it has lost -76.70% so far this year. A look at the trailing 12-month EPS for RLMD yields -5.84 with Next year EPS estimates of -6.25. For the next quarter, that number is -1.34. This implies an EPS growth rate of -87.90% for this year and 25.80% for next year.

Float and Shares Shorts:

At present, 30.06 million RLMD shares are outstanding with a float of 29.70 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.35 million, which was 11.70% higher than short shares on Sep 14, 2022. In addition to Dr. Sergio Traversa M.B.A., MBA, Pharm.D., PharmD as the firm’s CEO & Director, Mr. Maged S. Shenouda M.B.A., MBA, R.Ph, R.Ph. serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 100.57% of RLMD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 75.07% of RLMD, in contrast to 15.84% held by mutual funds. Shares owned by individuals account for 1.54%. As the largest shareholder in RLMD with 8.80% of the stake, RTW Investments LP holds 2,644,475 shares worth 2,644,475. A second-largest stockholder of RLMD, Deep Track Capital LP, holds 2,481,000 shares, controlling over 8.25% of the firm’s shares. Perceptive Advisors LLC is the third largest shareholder in RLMD, holding 2,383,478 shares or 7.93% stake. With a 3.01% stake in RLMD, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 904,705 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.01% of RLMD stock, is the second-largest Mutual Fund holder. It holds 602,907 shares valued at 3.85 million. Vanguard Extended Market Index Fu holds 1.18% of the stake in RLMD, owning 353,605 shares worth 2.26 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RLMD since 7 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RLMD analysts setting a high price target of $42.00 and a low target of $6.50, the average target price over the next 12 months is $17.42. Based on these targets, RLMD could surge 700.0% to reach the target high and rise by 23.81% to reach the target low. Reaching the average price target will result in a growth of 231.81% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. RLMD will report FY 2022 earnings on 03/22/2023. Analysts have provided yearly estimates in a range of -$5.27 being high and -$5.44 being low. For RLMD, this leads to a yearly average estimate of -$5.37. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Relmada Therapeutics Inc. surprised analysts by $0.14 when it reported -$1.31 EPS against a consensus estimate of -$1.45. The surprise factor in the prior quarter was -$0.06. Based on analyst estimates, the high estimate for the next quarter is -$1.22 and the low estimate is -$1.40. The average estimate for the next quarter is thus -$1.33.

Summary of Insider Activity:

Insiders traded RLMD stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 59,567 while 79,567 shares were sold.

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