Rapid Micro Biosystems Inc (NASDAQ: RPID) Not A Good Play Anymore?

Rapid Micro Biosystems Inc (RPID) concluded trading on 01/04/24 at a closing price of $0.98, with 7.4 million shares of worth about $7.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.57% during that period and on Thursday the price saw a gain of about 9.36%. Currently the company’s common shares owned by public are about 36.54M shares, out of which, 18.71M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 22 times over the past 12 months. They bought 516,350 shares in 17 of the transactions. In 5 selling transactions, insiders dumped 31,477 shares.

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Rapid Micro Biosystems Inc (NASDAQ: RPID) started trading at $1.05, above $0.15 from concluding price of the previous day. However, the stock later moved at a day high price of 1.0700, or with a gain of 9.36%. Stock saw a price change of 11.84% in past 5 days and over the past one month there was a price change of -10.93%. Year-to-date (YTD), RPID shares are showing a performance of 33.00% which decreased to -19.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.74 but also hit the highest price of $1.55 during that period. The average intraday trading volume for Rapid Micro Biosystems Inc shares is 54.75K. The stock is currently trading 0.93% above its 20-day simple moving average (SMA20), while that difference is down -2.73% for SMA50 and it goes to -3.59% lower than SMA200.

Rapid Micro Biosystems Inc (NASDAQ: RPID) currently have 36.54M outstanding shares and institutions hold larger chunk of about 27.14% of that.

The stock has a current market capitalization of $41.74M and its 3Y-monthly beta is at 1.07. It has posted earnings per share of -$1.35 in the same period. It has Quick Ratio of 6.07 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RPID, volatility over the week remained 11.84% while standing at 7.33% over the month.

Analysts are in expectations that Rapid Micro Biosystems Inc (RPID) stock would likely to be making an EPS of $Rapid7, Inc. in the current quarter, while forecast for next quarter EPS is $52.00 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Invesco International Dividend which is $T. Rowe Price Dynamic Credit Fu at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $PRID in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 10.96% while it is estimated to increase by 10.73% in next year.

Analysts at 3 brokerage firms have issued recommendations for the Rapid Micro Biosystems Inc (RPID)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.67. Out of those 3 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

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