A Few Bright Spots In ReShape Lifesciences Inc (NASDAQ: RSLS)

ReShape Lifesciences Inc (NASDAQ:RSLS) currently has a daily average trading volume of 18.20M but it saw 4962024 shares traded in last market. With a market cap of 3.99M USD, the company’s current market price of $0.35 came falling about -20.54 while comparing to the previous closing price of $0.44. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.00 and as low as $0.30.

Taking a look at 20-day trading activity of ReShape Lifesciences Inc (RSLS) gives us an average price of $0.3877, while its current price level is -98.78% below from 52-week high level whereas it is 17.87% 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 $0.5828 while that of 200 days or SMA-200 reads an average of $4.8444. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.90% during that period while stretching the period over a month that decreases to 17.20%. 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 42.60 which implies that the stock is in neutral territory.

Over the week, RSLS’s stock price is moving 4.46% up while it is -18.39% when we observe its performance for the past one month. Year-to-date it is -92.07% down and over the past year, the stock is showing a downside performance of -96.40%.

Currently, ReShape Lifesciences Inc’s total number of outstanding shares is 11.28M. Company’s return on equity (ROE) at -222.46%. Stock’s beta reads 1.43. Stock has a price to sale or P/S ratio amounts to 0.50. Its return on asset (ROA) is -91.67% on average.