In the last trading session, 2.58 million shares of the Relmada Therapeutics Inc (NASDAQ:RLMD) were traded, and its beta was 0.36. Most recently the company’s share price was $0.46, and it changed around $0.01 or 1.67% from the last close, which brings the market valuation of the company to $14.03M. RLMD currently trades at a discount to its 52-week high of $7.22, offering almost -1469.57% off that amount. The share price’s 52-week low was $0.44, which indicates that the current value has risen by an impressive 4.35% since then. We note from Relmada Therapeutics Inc’s average daily trading volume that its 10-day average is 2.94 million shares, with the 3-month average coming to 591.21K.
Relmada Therapeutics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended RLMD as a Hold, whereas 3 deemed it a Buy, and 1 rated it as Underweight. Relmada Therapeutics Inc is expected to report earnings per share of 0 for the current quarter.
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Relmada Therapeutics Inc (NASDAQ:RLMD) trade information
Instantly RLMD has showed a green trend with a performance of 1.67% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.3991 on recent trading dayincreased the stock’s daily price by 86.47%. The company’s shares are currently down -88.95% year-to-date, but still down -84.85% over the last five days. On the other hand, Relmada Therapeutics Inc (NASDAQ:RLMD) is -86.54% down in the 30-day period. We can see from the shorts that 1.26 million shares have been sold at a short interest cover period of 4.52 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 93.43% from its current value. Analyst projections state that RLMD is forecast to be at a low of $2 and a high of $8.
Relmada Therapeutics Inc (RLMD) estimates and forecasts
Relmada Therapeutics Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -84.49 percent over the past six months and at a 16.77% annual growth rate that is well below the industry average of 16.80%.
Forecasts for the next quarter put sales growth at 0.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.94%.
RLMD Dividends
Relmada Therapeutics Inc’s next quarterly earnings report is expected to be released in January.
Relmada Therapeutics Inc (NASDAQ:RLMD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.04% of Relmada Therapeutics Inc shares, and 46.06% of them are in the hands of institutional investors. The stock currently has a share float of 50.09%. Relmada Therapeutics Inc stock is held by 92.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.1706% of the shares, which is about 1.26 million shares worth $3.77 million.
DEEP TRACK CAPITAL, LP, with 4.0979% or 1.23 million shares worth $3.7 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
