Ideas And Forecasts On Rapid Micro Biosystems Inc (NASDAQ: RPID)

Rapid Micro Biosystems Inc (NASDAQ:RPID) currently has a daily average trading volume of 137.37K but it saw 2277768 shares traded in last market. With a market cap of 130.40M USD, the company’s current market price of $3.03 came rising about 32.31 while comparing to the previous closing price of $2.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.30 and as low as $0.58. In the recent trading on the day, stock has struck highest price mark of $2.3001 while lowest mark touched by it was $3.06.

Taking a look at 20-day trading activity of Rapid Micro Biosystems Inc (RPID) gives us an average price of $1.53, while its current price level is 31.74% below from 52-week high level whereas it is 422.41% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.22 while that of 200 days or SMA-200 reads an average of $0.94. A closer look into the stock’s movement over the week reveals that its volatility is standing at 25.09% during that period while stretching the period over a month that decreases to 16.36%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 86.91 which implies that the stock is in overbought territory.

Over the week, RPID’s stock price is moving 88.20% up while it is 194.17% when we observe its performance for the past one month. Year-to-date it is 236.67% up and over the past year, the stock is showing an upside performance of 213.41%.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of -0.22 while estimate for next year EPS is -1.08. In next quarter, company is expected to be making quarterly sales of $6.7M as analysts are expecting the sales for current fiscal year at $27.45M and seeing the company making $32.8M in sales next year. Moreover, analysts are in estimates of $7.6M for current-quarter revenue.

Currently, Rapid Micro Biosystems Inc’s total number of outstanding shares is 37.72M with 8.20% of that held by the insiders while 57.65% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -53.99% and return on equity (ROE) at -45.62%. Stock’s beta reads 1.24. Stock has a price to book (P/B) ratio of 1.55 while price to sale or P/S ratio amounts to 4.98. Its return on asset (ROA) is -37.81% on average.