The stock of ReShape Lifesciences Inc. (NASDAQ: RSLS) has increased by 18.64 when compared to last closing price of 5.58.Despite this, the company has seen a gain of 23.74% in its stock price over the last five trading days. globenewswire.com reported 2024-09-19 that IRVINE, Calif., Sept. 19, 2024 (GLOBE NEWSWIRE) — ReShape Lifesciences Inc. (Nasdaq: RSLS), the premier physician-led weight loss and metabolic health solutions company, today announced that its Board of Directors has declared a 1-for-58 reverse stock split of the company’s common stock, which will be effective for trading purposes upon the commencement of trading on September 23, 2024.
Is It Worth Investing in ReShape Lifesciences Inc. (NASDAQ: RSLS) Right Now?
Additionally, the 36-month beta value for RSLS is 1.43. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RSLS is 0.47M and currently, short sellers hold a 12.17% ratio of that float. The average trading volume of RSLS on October 22, 2024 was 167.40K shares.
RSLS’s Market Performance
RSLS stock saw an increase of 23.74% in the past week, with a monthly gain of 1.91% and a quarterly increase of -46.36%. The volatility ratio for the week is 16.60%, and the volatility levels for the last 30 days are 18.19% for ReShape Lifesciences Inc. (RSLS). The simple moving average for the past 20 days is 21.42% for RSLS’s stock, with a -35.72% simple moving average for the past 200 days.
RSLS Trading at -14.63% from the 50-Day Moving Average
After a stumble in the market that brought RSLS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.65% of loss for the given period.
Volatility was left at 18.19%, however, over the last 30 days, the volatility rate increased by 16.60%, as shares sank -17.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.70% lower at present.
During the last 5 trading sessions, RSLS rose by +23.74%, which changed the moving average for the period of 200-days by -51.47% in comparison to the 20-day moving average, which settled at $5.45. In addition, ReShape Lifesciences Inc. saw -54.29% 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 RSLS starting from STANKOVICH THOMAS, who sale 48 shares at the price of $0.25 back on May 31 ’24. After this action, STANKOVICH THOMAS now owns 22,777 shares of ReShape Lifesciences Inc., valued at $12 using the latest closing price.
STANKOVICH THOMAS, the Chief Financial Officer of ReShape Lifesciences Inc., sale 42 shares at $0.25 during a trade that took place back on Dec 31 ’23, which means that STANKOVICH THOMAS is holding 22,868 shares at $10 based on the most recent closing price.
Stock Fundamentals for RSLS
Current profitability levels for the company are sitting at:
- -1.15 for the present operating margin
- 0.67 for the gross margin
The net margin for ReShape Lifesciences Inc. stands at -1.12. The total capital return value is set at -2.9. Equity return is now at value -184.59, with -98.88 for asset returns.
Based on ReShape Lifesciences Inc. (RSLS), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -40.12. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 231.55.
Currently, EBITDA for the company is -14.48 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 0.3. The receivables turnover for the company is 5.82for trailing twelve months and the total asset turnover is 1.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.90.
Conclusion
In conclusion, ReShape Lifesciences Inc. (RSLS) has seen mixed 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.
