With 2.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.38 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $64.73 whereas the lowest price it dropped to was $59.11. The 52-week range on RYTM shows that it touched its highest point at $56.58 and its lowest point at $23.83 during that stretch. It currently has a 1-year price target of $68.55. Beta for the stock currently stands at 2.10.
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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 RYTM was up-trending over the past week, with a rise of 26.46%, but this was up by 30.28% over a month. Three-month performance surged to 36.58% while six-month performance rose 60.97%. The stock gained 131.27% in the past year, while it has gained 36.28% so far this year. A look at the trailing 12-month EPS for RYTM yields -4.34 with Next year EPS estimates of -2.65. For the next quarter, that number is -0.74. This implies an EPS growth rate of -36.09% for this year and 39.18% for next year. EPS is expected to decline by -9.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -6.04%.
Float and Shares Shorts:
At present, 59.43 million RYTM shares are outstanding with a float of 54.57 million shares on hand for trading. On 2024-10-15, short shares totaled 8.46 million, which was 1384.0 higher than short shares on 1726185600. In addition to Dr. David P. Meeker M.D. as the firm’s Chairman, President & CEO, Mr. Hunter C. Smith M.B.A. serves as its CFO & Treasurer.
Institutional Ownership:
Through their ownership of 1.24414 of RYTM’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 2024-09-30, RYTM reported revenue of $29078000.0 and operating income of -$40478000.0. The EBITDA in the recently reported quarter was -$35689000.0 and diluted EPS was -$0.55.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RYTM since 5 analysts follow the stock currently. There are 5 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 RYTM analysts setting a high price target of 77.0 and a low target of 52.0, the average target price over the next 12 months is 60.64. Based on these targets, RYTM could surge 22.91% to reach the target high and fall by -17.0% to reach the target low. Reaching the average price target will result in a decline of -3.21% from current levels.
Analysts have provided yearly estimates in a range of -$4.0356 being high and -$4.67808 being low. For RYTM, this leads to a yearly average estimate of -$4.46727.
