Relmada Therapeutics Inc (RLMD) concluded trading on Wednesday at a closing price of $0.63, with 17.55 million shares of worth about $11.06 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -78.72% during that period and on December 04, 2024 the price saw a loss of about -77.26%. Currently the company’s common shares owned by public are about 30.17M shares, out of which, 25.17M shares are available for trading.
Stock saw a price change of -76.84% in past 5 days and over the past one month there was a price change of -81.58%. Year-to-date (YTD), RLMD shares are showing a performance of -84.78% which decreased to -74.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.88 but also hit the highest price of $7.22 during that period. The average intraday trading volume for Relmada Therapeutics Inc shares is 191.54K. The stock is currently trading -78.41% below its 20-day simple moving average (SMA20), while that difference is down -80.56% for SMA50 and it goes to -82.85% lower than SMA200.
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Relmada Therapeutics Inc (NASDAQ: RLMD) currently have 30.17M outstanding shares and institutions hold larger chunk of about 41.26% of that.
The stock has a current market capitalization of $19.01M and its 3Y-monthly beta is at 0.34. It has posted earnings per share of -$2.87 in the same period. It has Quick Ratio of 6.89 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RLMD, volatility over the week remained 14.49% while standing at 8.63% over the month.
Stock’s fiscal year EPS is expected to rise by 16.39% while it is estimated to increase by 53.14% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on September 17, 2024 offering a Buy rating for the stock and assigned a target price range of between $3.50 and $13 to it. Coverage by Goldman stated Relmada Therapeutics Inc (RLMD) stock as a Sell in their note to investors on June 05, 2024, suggesting a price target of $2 for the stock. Stock get a Neutral rating from Goldman on October 14, 2022.
