Reservoir Media Inc (NASDAQ: RSVR) kicked off on Tuesday, down -0.63% from the previous trading day, before settling in for the closing price of $7.98. Over the past 52 weeks, RSVR has traded in a range of $5.19-$9.20.
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Annual sales at Communication Services sector company grew by 13.25% over the past five years. While this was happening, its average annual earnings per share was recorded 733.33%. With a float of $33.87 million, this company’s outstanding shares have now reached $64.83 million.
Let’s look at the performance matrix of the company that is accounted for 99 employees.
Reservoir Media Inc (RSVR) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Entertainment Industry. The insider ownership of Reservoir Media Inc is 47.82%, while institutional ownership is 46.23%. The most recent insider transaction that took place on Mar 04 ’24, was worth 216,945. In this transaction 10% Owner of this company bought 30,000 shares at a rate of $7.23, taking the stock ownership to the 200,000 shares. Before that another transaction happened on Mar 01 ’24, when Company’s 10% Owner bought 40,000 for $7.33, making the entire transaction worth $293,172. This insider now owns 170,000 shares in total.
Reservoir Media Inc (RSVR) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 733.33% per share during the next fiscal year.
Reservoir Media Inc (NASDAQ: RSVR) Trading Performance Indicators
Take a look at Reservoir Media Inc’s (RSVR) current performance indicators. Last quarter, stock had a quick ratio of 1.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.55. Likewise, its price to free cash flow for the trailing twelve months is 14.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.14 in one year’s time.
Technical Analysis of Reservoir Media Inc (RSVR)
Reservoir Media Inc (NASDAQ: RSVR) saw its 5-day average volume 0.15 million, a positive change from its year-to-date volume of 63702.0. As of the previous 9 days, the stock’s Stochastic %D was 23.56%. Additionally, its Average True Range was 0.33.
During the past 100 days, Reservoir Media Inc’s (RSVR) raw stochastic average was set at 60.83%, which indicates a significant increase from 19.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.93% in the past 14 days, which was lower than the 35.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.17, while its 200-day Moving Average is $6.82. Nevertheless, the first resistance level for the watch stands at $8.18 in the near term. At $8.43, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.64. If the price goes on to break the first support level at $7.72, it is likely to go to the next support level at $7.51. The third support level lies at $7.26 if the price breaches the second support level.
Reservoir Media Inc (NASDAQ: RSVR) Key Stats
The company with the Market Capitalisation of 514.66 million has total of 64,900K Shares Outstanding. Its annual sales at the moment are 122,290 K in contrast with the sum of 2,540 K annual income. Company’s last quarter sales were recorded 39,150 K and last quarter income was 2,800 K.
