With 0.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.22 million shares. The 52-week range on RLMD shows that it touched its highest point at $4.47 and its lowest point at $0.24 during that stretch. It currently has a 1-year price target of $1.00. Beta for the stock currently stands at 0.14.
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 up-trending over the past week, with a rise of 25.73%, but this was up by 31.13% over a month. Three-month performance surged to 5.03% while six-month performance fell -89.74%. The stock lost -90.40% in the past year, while it has lost -31.31% so far this year. A look at the trailing 12-month EPS for RLMD yields -2.65 with Next year EPS estimates of -1.48. For the next quarter, that number is -0.48. This implies an EPS growth rate of 34.72% for this year and 14.45% for next year. EPS is expected to grow by 19.94% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.68%.
Float and Shares Shorts:
At present, 30.17 million RLMD shares are outstanding with a float of 27.81 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RLMD since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.65382 being high and -$2.75284 being low. For RLMD, this leads to a yearly average estimate of -$2.70333. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
