What is RxSight Inc (RXST) Stock Return on Shareholders’ Capital?

With 0.55 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.98 shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $51.14 whereas the lowest price it dropped to was $49.03. The 52-week range on RXST shows that it touched its highest point at $50.20 and its lowest point at $12.24 during that stretch. It currently has a 1-year price target of $46.12. Beta for the stock currently stands at 1.21.

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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 RXST was up-trending over the past week, with a rise of 5.36%, but this was up by 6.69% over a month. Three-month performance surged to 100.36% while six-month performance rose 78.13%. The stock gained 291.58% in the past year, while it has gained 23.44% so far this year. A look at the trailing 12-month EPS for RXST yields -1.72 with Next year EPS estimates of -1.09. For the next quarter, that number is -0.36. This implies an EPS growth rate of 36.69% for this year and 28.27% for next year.

Float and Shares Shorts:

At present, 35.86 million RXST shares are outstanding with a float of 29.95 million shares on hand for trading. On Jan 31, 2024, short shares totaled 1.45 million, which was 4.03% higher than short shares on Dec 29, 2023. In addition to ROST as the firm’s Ross Stores, Inc., NXST serves as its Nexstar Media Group, Inc..

Institutional Ownership:

Through their ownership of 84.10% of RXST’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RXST since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RXST analysts setting a high price target of $54.00 and a low target of $36.00, the average target price over the next 12 months is $47.25. Based on these targets, RXST could surge 8.5% to reach the target high and fall by -27.67% to reach the target low. Reaching the average price target will result in a decline of -5.06% from current levels.

Summary of Insider Activity:

Insiders traded RXST stock several times over the past three months with 4 Buys and 5 Sells. In these transactions, 64,846 shares were bought while 587,735 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 370,625 while 3,122,599 shares were sold.