During the last session, Rani Therapeutics Holdings Inc (NASDAQ:RANI)’s traded shares were 0.43 million, with the beta value of the company hitting 0.11. At the end of the trading day, the stock’s price was $2.31, reflecting an intraday gain of 0.87% or $0.02. The 52-week high for the RANI share is $8.75, that puts it down -278.79 from that peak though still a striking 21.21% gain since the share price plummeted to a 52-week low of $1.82. The company’s market capitalization is $130.30M, and the average intraday trading volume over the past 10 days was 1.12 million shares, and the average trade volume was 1.55 million shares over the past three months.
Rani Therapeutics Holdings Inc (RANI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. RANI has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.26.
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Rani Therapeutics Holdings Inc (NASDAQ:RANI) trade information
Rani Therapeutics Holdings Inc (RANI) registered a 0.87% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.87% in intraday trading to $2.31, hitting a weekly high. The stock’s 5-day price performance is -1.28%, and it has moved by 0.43% in 30 days. Based on these gigs, the overall price performance for the year is 20.94%. The short interest in Rani Therapeutics Holdings Inc (NASDAQ:RANI) is 2.55 million shares and it means that shorts have 0.73 day(s) to cover.
The consensus price target of analysts on Wall Street is $10, which implies an increase of 76.9% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $28 respectively. As a result, RANI is trading at a discount of -1112.12% off the target high and -289.61% off the low.
Rani Therapeutics Holdings Inc (RANI) estimates and forecasts
Statistics show that Rani Therapeutics Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Rani Therapeutics Holdings Inc (RANI) shares have gone down -67.69% during the last six months, with a year-to-date growth rate more than the industry average at 26.32% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 27.80% this quarter and then jump 7.40% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 0.28%. While earnings are projected to return 7.44% in 2024, the next five years will return -9.40% per annum.
RANI Dividends
Rani Therapeutics Holdings Inc is due to release its next quarterly earnings on 2024-Nov-08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rani Therapeutics Holdings Inc (NASDAQ:RANI)’s Major holders
Rani Therapeutics Holdings Inc insiders own 30.61% of total outstanding shares while institutional holders control 9.97%, with the float percentage being 14.37%. VANGUARD GROUP INC is the largest shareholder of the company, while 34.0 institutions own stock in it. As of 2024-06-30, the company held over 0.71 million shares (or 2.7265% of all shares), a total value of $2.7 million in shares.
The next largest institutional holding, with 0.49 million shares, is of NAN FUNG GROUP HOLDINGS LTD’s that is approximately 1.8959% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.88 million.
