Rapid Micro Biosystems Inc. (NASDAQ:RPID): Buy, Sell Or Hold At $7.28? – Marketing Sentinel
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Rapid Micro Biosystems Inc. (NASDAQ:RPID): Buy, Sell Or Hold At $7.28?

In last trading session, Rapid Micro Biosystems Inc. (NASDAQ:RPID) saw 0.47 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $7.28 trading at -$0.69 or -8.66% at ring of the bell on the day assigns it a market valuation of $301.10M. That closing price of RPID’s stock is at a discount of -271.43% from its 52-week high price of $27.04 and is indicating a premium of 12.23% from its 52-week low price of $6.39. Taking a look at company’s average trading volume of 134.05K if we extend that period to 3-months.

For Rapid Micro Biosystems Inc. (RPID), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.33 in the current quarter.

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Rapid Micro Biosystems Inc. (NASDAQ:RPID) trade information

Upright in the red during last session for losing -8.66%, in the last five days RPID remained trading in the red while hitting it’s week-highest on Monday, 01/10/22 when the stock touched $7.28 price level, adding 20.09% to its value on the day. Rapid Micro Biosystems Inc.’s shares saw a change of -31.58% in year-to-date performance and have moved -20.35% in past 5-day. Rapid Micro Biosystems Inc. (NASDAQ:RPID) showed a performance of -32.65% in past 30-days.

Wall Street analysts have assigned a consensus price target of $27.33 to the stock, which implies a rise of 73.36% to its current value. Analysts have been projecting $24.00 as a low price target for the stock while placing it at a high target of $30.00. It follows that stock’s current price would drop -312.09% in reaching the projected high whereas dropping to the targeted low would mean a loss of -229.67% for stock’s current value.

Rapid Micro Biosystems Inc. (RPID) estimates and forecasts

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $7.73 million for the same. And 1 analysts are in estimates of company making revenue of $7.7 million in the next quarter that will end on Mar 2022.

RPID Dividends

Rapid Micro Biosystems Inc. is more likely to be releasing its next quarterly report on November 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Rapid Micro Biosystems Inc. (NASDAQ:RPID)’s Major holders

Insiders are in possession of 7.50% of company’s total shares while institution are holding 63.72 percent of that, with stock having share float percentage of 68.89%. Investors also watch the number of corporate investors in a company very closely, which is 63.72% institutions for Rapid Micro Biosystems Inc. that are currently holding shares of the company. Bain Capital Life Sciences Investors, LLC is the top institutional holder at RPID for having 8.43 million shares of worth $155.79 million. And as of Sep 29, 2021, it was holding 24.48% of the company’s outstanding shares.

The second largest institutional holder is D1 Capital Partners, LP, which was holding about 2.64 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 7.68% of outstanding shares, having a total worth of $48.84 million.

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On the other hand, Vanguard Total Stock Market Index Fund and JP Morgan Small Cap Growth Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 0.95 million shares of worth $17.49 million or 2.75% of the total outstanding shares. The later fund manager was in possession of 0.88 million shares on Sep 29, 2021, making its stake of worth around $16.34 million in the company or a holder of 2.57% of company’s stock.

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