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Is Ra Medical Systems Inc. (AMEX:RMED) A Better Buy Than Others After A -95.95% Fall In This Year?

In last trading session, Ra Medical Systems Inc. (AMEX:RMED) saw 76.0 million shares changing hands with its beta currently measuring 1.01. Company’s recent per share price level of $0.13 trading at -$0.01 or -8.03% at ring of the bell on the day assigns it a market valuation of $8.76M. That closing price of RMED’s stock is at a discount of -2707.69% from its 52-week high price of $3.65 and from its 52-week low price of $0.13. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.97 million shares which gives us an average trading volume of 6.98 million if we extend that period to 3-months.

Ra Medical Systems Inc. (AMEX:RMED) trade information

Upright in the red during last session for losing -8.03%, in the last five days RMED remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $0.13 price level, adding 27.94% to its value on the day. Ra Medical Systems Inc.’s shares saw a change of -91.63% in year-to-date performance and have moved -18.44% in past 5-day. Ra Medical Systems Inc. (AMEX:RMED) showed a performance of -9.12% in past 30-days. Number of shares sold short was 3.4 million shares which calculate 0.38 days to cover the short interests.

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Ra Medical Systems Inc. (RMED) estimates and forecasts

Statistics highlight that Ra Medical Systems Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -74.41% of value to its shares in past 6 months, showing an annual growth rate of 86.64% while that of industry is -2.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 95.60% in the current quarter and calculating 86.10% increase in the next quarter. This year revenue growth is estimated to fall -54.50% from the last financial year’s standing.

Company posted $1 million and $700k of sales in current and next quarters respectively a year earlier.

RMED Dividends

Ra Medical Systems Inc. is more likely to be releasing its next quarterly report between March 14 and March 18 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.

Ra Medical Systems Inc. (AMEX:RMED)’s Major holders

Insiders are in possession of 1.38% of company’s total shares while institution are holding 3.43 percent of that, with stock having share float percentage of 3.48%. Investors also watch the number of corporate investors in a company very closely, which is 3.43% institutions for Ra Medical Systems Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at RMED for having 0.34 million shares of worth $0.14 million. And as of Mar 30, 2022, it was holding 0.46% of the company’s outstanding shares.

The second largest institutional holder is Virtu Financial LLC, which was holding about 0.19 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 0.27% of outstanding shares, having a total worth of $77490.0.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 0.24 million shares of worth $94901.0 or 0.33% of the total outstanding shares. The later fund manager was in possession of 96567.0 shares on Mar 30, 2022, making its stake of worth around $38636.0 in the company or a holder of 0.13% of company’s stock.

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