On June 23, 2022, Rain Therapeutics Inc. (NASDAQ: RAIN) opened at $2.89, higher 32.82% from the last session. During the day, the shares moved up to $4.39 and dropped to $2.81 before settling in for the closing price of $2.59. Price fluctuations for RAIN have ranged from $2.15 to $22.22 over the past 52 weeks.
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Company’s average yearly earnings per share was noted -226.20% at the time writing. With a float of $15.21 million, this company’s outstanding shares have now reached $26.51 million.
The firm has a total of 44 workers. Let’s measure their productivity.
Rain Therapeutics Inc. (RAIN) Insider Activity
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Rain Therapeutics Inc. is 15.70%, while institutional ownership is 83.60%. The most recent insider transaction that took place on Jun 01, was worth 57,250. In this transaction Chairman and CEO of this company bought 25,000 shares at a rate of $2.29, taking the stock ownership to the 2,471,627 shares. Before that another transaction happened on Jan 07, when Company’s Director bought 496,385 for $12.00, making the entire transaction worth $5,956,620. This insider now owns 1,734,960 shares in total.
Rain Therapeutics Inc. (RAIN) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 3/30/2022, the company posted -$0.66 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.7) by $0.04. This company achieved a return on equity of -110.42. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -226.20% per share during the next fiscal year.
Rain Therapeutics Inc. (NASDAQ: RAIN) Trading Performance Indicators
Check out the current performance indicators for Rain Therapeutics Inc. (RAIN). In the past quarter, the stock posted a quick ratio of 9.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.42, a number that is poised to hit -0.66 in the next quarter and is forecasted to reach -2.21 in one year’s time.
Technical Analysis of Rain Therapeutics Inc. (RAIN)
Analysing the last 5-days average volume posted by the [Rain Therapeutics Inc., RAIN], we can find that recorded value of 0.99 million was better than the volume posted last year of 0.11 million. As of the previous 9 days, the stock’s Stochastic %D was 44.16%. Additionally, its Average True Range was 0.44.
During the past 100 days, Rain Therapeutics Inc.’s (RAIN) raw stochastic average was set at 19.25%, which indicates a significant decrease from 57.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 163.78% in the past 14 days, which was higher than the 127.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.14, while its 200-day Moving Average is $9.33. Now, the first resistance to watch is $4.28. This is followed by the second major resistance level at $5.13. The third major resistance level sits at $5.86. If the price goes on to break the first support level at $2.70, it is likely to go to the next support level at $1.97. Should the price break the second support level, the third support level stands at $1.12.
Rain Therapeutics Inc. (NASDAQ: RAIN) Key Stats
There are currently 26,510K shares outstanding in the company with a market cap of 87.34 million. Presently, the company’s annual sales total 0 K according to its annual income of -51,390 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -17,390 K.
