With 0.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.46 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $3.942 whereas the lowest price it dropped to was $3.5882. The 52-week range on RMTI shows that it touched its highest point at $4.57 and its lowest point at $1.16 during that stretch. It currently has a 1-year price target of $7.50. Beta for the stock currently stands at 1.49.
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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 RMTI was down-trending over the past week, with a drop of -2.90%, but this was up by 28.67% over a month. Three-month performance surged to 117.75% while six-month performance rose 121.69%. The stock gained 76.92% in the past year, while it has gained 94.71% so far this year. A look at the trailing 12-month EPS for RMTI yields -0.17 with Next year EPS estimates of 0.07. For the next quarter, that number is 0.01. This implies an EPS growth rate of 91.67% for this year and 333.33% for next year. EPS is expected to grow by 38.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 44.20%.
Float and Shares Shorts:
At present, 29.13 million RMTI shares are outstanding with a float of 27.43 million shares on hand for trading. On 2024-09-13, short shares totaled 0.4 million, which was 128.0 higher than short shares on 1723680000. In addition to Dr. Mark Strobeck Ph.D. as the firm’s President, CEO & Director, Mr. Jesse Neri serves as its Senior Vice President of Finance.
Institutional Ownership:
Through their ownership of 0.20774001 of RMTI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, RMTI reported revenue of $25832000.0 and operating income of $515000.0. The EBITDA in the recently reported quarter was $1073000.0 and diluted EPS was $0.01.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RMTI 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.