Is ReShape Lifesciences Inc’s (NASDAQ: RSLS) Stock Due For A Strong Run?

In the last trading session, 20.67 million ReShape Lifesciences Inc (NASDAQ:RSLS) shares changed hands as the company’s beta touched 1.09. With the company’s per share price at $0.43 changed hands at -$0.03 or -5.80% during last session, the market valuation stood at $1.43M. RSLS’s last price was a discount, traded about -6644.19% off its 52-week high of $29.00. The share price had its 52-week low at $0.34, which suggests the last value was 20.93% up since then. When we look at ReShape Lifesciences Inc’s average trading volume, we note the 10-day average is 48.56 million shares, with the 3-month average coming to 8.61 million.

Analysts gave the ReShape Lifesciences Inc (RSLS) 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 RSLS as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. ReShape Lifesciences Inc’s EPS for the current quarter is expected to be 0.

ReShape Lifesciences Inc (NASDAQ:RSLS) trade information

Instantly RSLS was in red as seen at the end of in last trading. With action 20.19%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -90.28%, with the 5-day performance at 20.19% in the green. However, in the 30-day time frame, ReShape Lifesciences Inc (NASDAQ:RSLS) is -52.12% down. Looking at the short shares, we see there were 0.37 million shares sold at short interest cover period of 0.11 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 80.05%.

RSLS Dividends

ReShape Lifesciences Inc is expected to release its next quarterly earnings report on 2024-Nov-13.

ReShape Lifesciences Inc (NASDAQ:RSLS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 14.01% of ReShape Lifesciences Inc shares while 16.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.35%.

Among Mutual Funds, the top two as of Feb 28, 2025 were Fidelity Concord Street Trust-Fidelity Extended Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . With 2.39 shares estimated at $1036.0 under it, the former controlled 0.07% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held about 0.03% of the shares, roughly 860.0 shares worth around $372.0.