RedHill Biopharma Ltd. (RDHL) expanding its growth trajectory ahead

RedHill Biopharma Ltd. (NASDAQ: RDHL) stock jumped 1.17% on Friday to $0.17 against a previous-day closing price of $0.17. With 2.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.41 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $0.1750 whereas the lowest price it dropped to was $0.1652. The 52-week range on RDHL shows that it touched its highest point at $3.27 and its lowest point at $0.13 during that stretch. It currently has a 1-year price target of $2.75. Beta for the stock currently stands at 2.13.

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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 RDHL was down-trending over the past week, with a drop of -3.36%, but this was up by 1.89% over a month. Three-month performance dropped to -74.63% while six-month performance fell -80.76%. The stock lost -93.77% in the past year, while it has gained 22.95% so far this year.


Float and Shares Shorts:

At present, 63.84 million RDHL shares are outstanding with a float of 34.99 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.63 million, which was 4.11% higher than short shares on Sep 14, 2022. In addition to Mr. Dror Ben-Asher as the firm’s Co-Founder, Chairman & CEO, Mr. Micha Ben-Chorin serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 9.66% of RDHL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.96% of RDHL, in contrast to 2.58% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in RDHL with 1.52% of the stake, Medical Strategy GmbH holds 1,381,299 shares worth 1,381,299. A second-largest stockholder of RDHL, Apo Asset Management GmbH, holds 876,112 shares, controlling over 0.96% of the firm’s shares. Millennium Management LLC is the third largest shareholder in RDHL, holding 623,892 shares or 0.68% stake. With a 1.28% stake in RDHL, the FCP Medical – BioHealth is the largest stakeholder. A total of 1,169,340 shares are owned by the mutual fund manager. The APO Medical Opportunities, which owns about 0.79% of RDHL stock, is the second-largest Mutual Fund holder. It holds 720,776 shares valued at 0.1 million. RIM Global – Bioscience holds 0.23% of the stake in RDHL, owning 211,959 shares worth 29674.0.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RDHL since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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 RDHL analysts setting a high price target of $1.00 and a low target of $1.00, the average target price over the next 12 months is $1.00. Based on these targets, RDHL could surge 488.24% to reach the target high and rise by 488.24% to reach the target low. Reaching the average price target will result in a growth of 488.24% 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. RDHL will report FY 2022 earnings on 03/14/2024. Analysts have provided yearly estimates in a range of -$0.07 being high and -$0.07 being low. For RDHL, this leads to a yearly average estimate of -$0.07. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. RedHill Biopharma Ltd. surprised analysts by -$0.05 when it reported -$0.06 EPS against a consensus estimate of -$0.01.

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