Rani Therapeutics Holdings Inc (NASDAQ:RANI)’s traded shares stood at 1.3 million during the last session, with the company’s beta value hitting 0.13. At the close of trading, the stock’s price was $2.52, to imply an increase of 5.88% or $0.14 in intraday trading. The RANI share’s 52-week high remains $8.75, putting it -247.22% down since that peak but still an impressive 27.78% since price per share fell to its 52-week low of $1.82. The company has a valuation of $73.81M, with an average of 9.26 million shares in intraday trading volume over the past 10 days and average of 1.45 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Rani Therapeutics Holdings Inc (RANI), translating to a mean rating of 1.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give RANI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.26.
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Rani Therapeutics Holdings Inc (NASDAQ:RANI) trade information
After registering a 5.88% upside in the last session, Rani Therapeutics Holdings Inc (RANI) has traded red over the past five days. The 5-day price performance for the stock is -3.08%, and 14.55% over 30 days. With these gigs, the year-to-date price performance is -24.10%. Short interest in Rani Therapeutics Holdings Inc (NASDAQ:RANI) saw shorts transact 0.79 million shares and set a 10.51 days time to cover.
The extremes give us $9 and $28 for target low and target high price respectively. As such, RANI has been trading -1011.11% off suggested target high and -257.14% from its likely low.
Rani Therapeutics Holdings Inc (RANI) estimates and forecasts
Looking at statistics comparing Rani Therapeutics Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. Rani Therapeutics Holdings Inc (RANI) shares are -63.95% down over the last 6 months, with its year-to-date growth rate higher than industry average at 26.32% against 17.40%. Revenue is forecast to grow 27.80% this quarter before jumping 7.40% for the next one.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 0.28% for the past 5-year period. While 2024 is set for a 7.44% return in earnings, projections for the next 5 years are at -9.40% annually.
RANI Dividends
Rani Therapeutics Holdings Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Rani Therapeutics Holdings Inc (NASDAQ:RANI)’s Major holders
Rani Therapeutics Holdings Inc insiders hold 30.61% of total outstanding shares, with institutional holders owning 9.98% of the shares at 14.38% float percentage. In total, 9.98% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 0.71 million shares (or 2.7265% of shares), all amounting to roughly $2.7 million.
The next major institution holding the largest number of shares is NAN FUNG GROUP HOLDINGS LTD with 0.49 million shares, or about 1.8959% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.88 million.
