Monday, November 30, 2020

Ra Medical Systems Inc. [RMED] Stock trading around $0.61 per share: What’s Next?

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Ra Medical Systems Inc. [NYSE: RMED] stock went on an upward path that rose over 1.70% on Tuesday, amounting to a one-week price increase of more than 23.27%. Over the last 12 months, RMED stock dropped by -82.05%. The average equity rating for RMED stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $22.81 million, with 13.77 million shares outstanding and 25.12 million shares in the current float. Compared to the average trading volume of 2.29M shares, RMED stock reached a trading volume of 5363948 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Guru’s Opinion on Ra Medical Systems Inc. [RMED]:

Piper Jaffray have made an estimate for Ra Medical Systems Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 13, 2019. While these analysts kept the previous recommendation, Maxim Group raised their target price to Buy. The new note on the price target was released on November 02, 2018, representing the official price target for Ra Medical Systems Inc. stock.

The Average True Range (ATR) for Ra Medical Systems Inc. is set at 0.10, with the Price to Sales ratio for RMED stock in the period of the last 12 months amounting to 3.35. The Price to Book ratio for the last quarter was 0.32, with the Price to Cash per share for the same quarter was set at 0.63.

RMED Stock Performance Analysis:

Ra Medical Systems Inc. [RMED] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.27. With this latest performance, RMED shares dropped by -46.94% in over the last four-week period, additionally sinking by -49.57% over the last 6 months – not to mention a drop of -82.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RMED stock in for the last two-week period is set at 43.00, with the RSI for the last a single of trading hit 49.91, and the three-weeks RSI is set at 41.00 for Ra Medical Systems Inc. [RMED]. The present Moving Average for the last 50 days of trading for this stock 0.8923, while it was recorded at 0.5588 for the last single week of trading, and 1.3331 for the last 200 days.

Insight into Ra Medical Systems Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Ra Medical Systems Inc. [RMED] shares currently have an operating margin of -801.92 and a Gross Margin at -22.93. Ra Medical Systems Inc.’s Net Margin is presently recorded at -791.18.

Return on Total Capital for RMED is now -110.81, given the latest momentum, and Return on Invested Capital for the company is -110.28. Return on Equity for this stock declined to -114.08, with Return on Assets sitting at -96.44. When it comes to the capital structure of this company, Ra Medical Systems Inc. [RMED] has a Total Debt to Total Equity ratio set at 10.55. Additionally, RMED Total Debt to Total Capital is recorded at 9.54, with Total Debt to Total Assets ending up at 7.93. Long-Term Debt to Equity for the company is recorded at 8.70, with the Long-Term Debt to Total Capital now at 7.87.

Reflecting on the efficiency of the workforce at the company, Ra Medical Systems Inc. [RMED] managed to generate an average of -$720,975 per employee. Receivables Turnover for the company is 6.84 with a Total Asset Turnover recorded at a value of 0.12.Ra Medical Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.30 and a Current Ratio set at 4.80.

RMED Stock EPS

With the latest financial reports released by the company, Ra Medical Systems Inc. posted -1.16/share EPS, while the average EPS was predicted by analysts to be reported at -0.98/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -18.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RMED.

Ra Medical Systems Inc. [RMED] Insider Position Details

There are presently around $2 million, or 5.70% of RMED stock, in the hands of institutional investors. The top three institutional holders of RMED stocks are: ALETHEA CAPITAL MANAGEMENT, LLC with ownership of 525,680, which is approximately 0% of the company’s market cap and around 1.30% of the total institutional ownership; BALCH HILL CAPITAL LLC, holding 500,000 shares of the stock with an approximate value of $0.3 million in RMED stocks shares; and PRINCIPAL FINANCIAL GROUP INC, currently with $0.29 million in RMED stock with ownership of nearly -8.124% of the company’s market capitalization.

Positions in Ra Medical Systems Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 14 institutional holders increased their position in Ra Medical Systems Inc. [NYSE:RMED] by around 698,043 shares. Additionally, 6 investors decreased positions by around 139,746 shares, while 2 investors held positions by with 1,667,042 shares. The mentioned changes placed institutional holdings at 2,504,831 shares, according to the latest SEC report filing. RMED stock had 6 new institutional investments in for a total of 530,333 shares, while 1 institutional investors sold positions of 35,953 shares during the same period.

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