The stock of Rapid Micro Biosystems Inc (NASDAQ: RPID) has decreased by -5.48 when compared to last closing price of 0.98.Despite this, the company has seen a loss of -0.04% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-18 that LOWELL, Mass., April 18, 2024 (GLOBE NEWSWIRE) — Rapid Micro Biosystems, Inc. (Nasdaq: RPID) (the “Company”), an innovative life sciences technology company providing mission-critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products, will release first quarter 2024 financial results prior to the market open on Friday, May 3, 2024.
Is It Worth Investing in Rapid Micro Biosystems Inc (NASDAQ: RPID) Right Now?
The 36-month beta value for RPID is at 1.18. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RPID is 18.61M, and currently, shorts hold a 0.33% of that float. The average trading volume for RPID on May 02, 2024 was 40.81K shares.
RPID’s Market Performance
RPID’s stock has seen a -0.04% decrease for the week, with a -4.08% drop in the past month and a -2.63% fall in the past quarter. The volatility ratio for the week is 4.31%, and the volatility levels for the past 30 days are at 4.59% for Rapid Micro Biosystems Inc The simple moving average for the past 20 days is -2.02% for RPID’s stock, with a -6.22% simple moving average for the past 200 days.
RPID Trading at -3.95% from the 50-Day Moving Average
After a stumble in the market that brought RPID to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.84% of loss for the given period.
Volatility was left at 4.59%, however, over the last 30 days, the volatility rate increased by 4.31%, as shares sank -3.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.01% upper at present.
During the last 5 trading sessions, RPID fell by -0.04%, which changed the moving average for the period of 200-days by -3.11% in comparison to the 20-day moving average, which settled at $0.9478. In addition, Rapid Micro Biosystems Inc saw 25.69% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RPID starting from WIRTJES SEAN M, who purchase 10,000 shares at the price of $0.99 back on Sep 06 ’23. After this action, WIRTJES SEAN M now owns 285,651 shares of Rapid Micro Biosystems Inc, valued at $9,894 using the latest closing price.
Spignesi Robert G. Jr., the PRESIDENT AND CEO of Rapid Micro Biosystems Inc, purchase 20,000 shares at $0.97 during a trade that took place back on Aug 15 ’23, which means that Spignesi Robert G. Jr. is holding 375,512 shares at $19,488 based on the most recent closing price.
Stock Fundamentals for RPID
Current profitability levels for the company are sitting at:
- -2.51 for the present operating margin
- -0.24 for the gross margin
The net margin for Rapid Micro Biosystems Inc stands at -2.33. The total capital return value is set at -0.45. Equity return is now at value -37.19, with -31.41 for asset returns.
Based on Rapid Micro Biosystems Inc (RPID), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -6.14.
Currently, EBITDA for the company is -53.46 million with net debt to EBITDA at 0.31. When we switch over and look at the enterprise to sales, we see a ratio of 1.02. The receivables turnover for the company is 4.03for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.34.
Conclusion
In conclusion, Rapid Micro Biosystems Inc (RPID) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
