In the latest trading session, 2.06 million Research Solutions Inc (NASDAQ:RSSS) shares changed hands as the company’s beta touched 0.59. With the company’s most recent per share price at $3.59 changed hands at -$0.08 or -2.18% at last look, the market valuation stands at $116.72M. RSSS’s current price is a discount, trading about -5.29% off its 52-week high of $3.78. The share price had its 52-week low at $2.35, which suggests the last value was 34.54% up since then. When we look at Research Solutions Inc’s average trading volume, we note the 10-day average is 0.15 million shares, with the 3-month average coming to 58.08K.
Analysts gave the Research Solutions Inc (RSSS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended RSSS as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Research Solutions Inc’s EPS for the current quarter is expected to be 0.02.
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Research Solutions Inc (NASDAQ:RSSS) trade information
Instantly RSSS was in red as seen in intraday trades today. With action 3.46%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 38.08%, with the 5-day performance at 3.46% in the green. However, in the 30-day time frame, Research Solutions Inc (NASDAQ:RSSS) is 38.08% up. Looking at the short shares, we see there were 36435.0 shares sold at short interest cover period of 1.27 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 28.2% from its recent market value. According to analyst projections, RSSS’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -39.28% plunge from its current level, while the stock would need to soar -39.28% for it to hit the projected low.
Research Solutions Inc (RSSS) estimates and forecasts
Data shows that the Research Solutions Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 39.69% over the past 6 months, a 400.00% in annual growth rate that is considerably higher than the industry average of 22.50%. Year-over-year growth is forecast to reach 11.08% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 11.83M. 3 analysts are of the opinion that Research Solutions Inc’s revenue for the current quarter will be 12.98M. The company’s revenue for the corresponding quarters a year ago was 10.31M and 12.12M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14.72%. The estimates for the next quarter sales put growth at 7.15%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -21.62%. The 2024 estimates are for Research Solutions Inc earnings to increase by 189.74%, but the outlook for the next 5-year period is at 15.00% per year.
RSSS Dividends
Research Solutions Inc is expected to release its next quarterly earnings report in January.
Research Solutions Inc (NASDAQ:RSSS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.02% of Research Solutions Inc shares while 42.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.48%. There are 42.15% institutions holding the Research Solutions Inc stock share, with NEEDHAM INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 9.0771% of the shares, roughly 2.73 million RSSS shares worth $6.95 million.
COVE STREET CAPITAL, LLC holds the second largest percentage of outstanding shares, with 8.7376% or 2.62 million shares worth $9.09 million as of 2024-06-30.
