Additionally, the 36-month beta value for RPHM is 0.20. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for RPHM is 21.72M and currently, short sellers hold a 15.65% ratio of that float. The average trading volume of RPHM on September 26, 2024 was 163.61K shares.
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RPHM) stock’s latest price update
The stock price of Reneo Pharmaceuticals Inc (NASDAQ: RPHM) has jumped by 8.51 compared to previous close of 1.41. Despite this, the company has seen a gain of 2.00% in its stock price over the last five trading days. businesswire.com reported 2024-09-03 that NEW YORK–(BUSINESS WIRE)–Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Reneo Pharmaceuticals, Inc. (NASDAQ: RPHM) and OnKure, Inc. is fair to Reneo shareholders. Pre-merger Reneo shareholders are expected to own approximately 31% of the combined company. Halper Sadeh encourages Reneo shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalpe.
RPHM’s Market Performance
RPHM’s stock has risen by 2.00% in the past week, with a monthly drop of -6.71% and a quarterly drop of -2.55%. The volatility ratio for the week is 9.08% while the volatility levels for the last 30 days are 8.24% for Reneo Pharmaceuticals Inc The simple moving average for the past 20 days is 6.40% for RPHM’s stock, with a -12.01% simple moving average for the past 200 days.
Analysts’ Opinion of RPHM
H.C. Wainwright gave a rating of “Neutral” to RPHM, setting the target price at $1.50 in the report published on December 15th of the previous year.
RPHM Trading at 4.57% from the 50-Day Moving Average
After a stumble in the market that brought RPHM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.39% of loss for the given period.
Volatility was left at 8.24%, however, over the last 30 days, the volatility rate increased by 9.08%, as shares sank -1.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.66% upper at present.
During the last 5 trading sessions, RPHM rose by +2.00%, which changed the moving average for the period of 200-days by -78.14% in comparison to the 20-day moving average, which settled at $1.4365. In addition, Reneo Pharmaceuticals Inc saw -4.38% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RPHM starting from Leonard Braden Michael, who purchase 55,300 shares at the price of $1.36 back on Sep 17 ’24. After this action, Leonard Braden Michael now owns 3,358,243 shares of Reneo Pharmaceuticals Inc, valued at $75,108 using the latest closing price.
Leonard Braden Michael, the 10% Owner of Reneo Pharmaceuticals Inc, purchase 806 shares at $1.40 during a trade that took place back on Sep 18 ’24, which means that Leonard Braden Michael is holding 3,359,049 shares at $1,128 based on the most recent closing price.
Stock Fundamentals for RPHM
Current profitability levels for the company are sitting at:
- -85.67 for the present operating margin
- 0.84 for the gross margin
The net margin for Reneo Pharmaceuticals Inc stands at -77.03. The total capital return value is set at -0.81. Equity return is now at value -54.00, with -49.87 for asset returns.
Based on Reneo Pharmaceuticals Inc (RPHM), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -80.61. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -61.89.
Currently, EBITDA for the company is -82.55 million with net debt to EBITDA at 0.56. When we switch over and look at the enterprise to sales, we see a ratio of 21.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 57.86.
Conclusion
In conclusion, Reneo Pharmaceuticals Inc (RPHM) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
