Why Rain Therapeutics Inc. [RAIN] A good pick for investors after the new price target of $18.57


Rain Medical Sciences Inc. [NASDAQ: RAIN] It fell -$0.48 during the normal trading session on Wednesday and reached a high of $8.7833, closing the day at $8.00. The company reported on November 23, 2022 that Ren Therapeutics announced a poster presentation at the 2022 San Antonio Breast Cancer Symposium.


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Here’s a tiny company—trading at an unheard-of below 25-cents per share—that is developing one of the largest and highest-quality REE deposits in all of North America…and the Chinese are all about it. Can’t do anything! It’s early stages… and that’s great news for individual investors like you who have the foresight to act decisively on an emerging megatrend that is already being measured in the tens of billions of dollars.

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Rain Therapeutics Inc. The stock has also gained 26.58% of its value in last 7 days. However, RAIN stock has declined by 20.30% in 3 months of the year. Meanwhile, in the last six months, it has gained 261.99% and declined by -37.89% year-to-date.

With 26.57 million shares outstanding and 23.44 million shares in the current float, the market cap of RAIN stock reached $264.72 million. As compared to the average trading volume of 60.32K shares, RAIN touched a trading volume of 122771 shares in the most recent trading day, which is why market watchdogs consider the stock as active.

Here’s what the leading stock market gurus have to say about Rain Therapeutics Inc. [RAIN],

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on a target price for Ren shares is $18.57 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on Ren stock is a recommendation at 1.60. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

HC Wainwright is keeping his view on the stock as Buy, along with his previous recommendation on Sep 12, 2022. Rain Therapeutics Inc. The new Note on Price Target has been issued on April 01, 2022, which is Rain Therapeutics Inc. Represents the official price target for the stock. Earlier, the target price was raised once again to $22, while analysts at Goldman maintained a neutral rating on Rain stock.

Rain Therapeutics Inc. The Average True Range (ATR) is set at 0.62.

RAIN stock trading performance evaluation

Rain Medical Sciences Inc. [RAIN] Moved into the green zone at the end of last week, in a positive trend and with a gain of 26.58. With this latest performance, RAIN shares are up 47.87% over the last four-week period, in addition to down 261.99% over the past 6 months — not to mention a -45.09% decline in the past year of trading .

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RAIN stock for the past two-week period is set at 71.22, with the RSI for the last one trading hit at 74.94, and the three-week RSI for Rain Therapeutics Inc. is set at 66.84. [RAIN], The current moving average for the last 50 days of trade of this stock is 5.78, while it was recorded at 7.48 for the last one week and 5.32 for the last 200 days.

Rain Medical Sciences Inc. [RAIN]: An Insightful Look at the Fundamentals

The Return on Equity for this stock decreased to -110.42 while the Return on Assets stood at -49.37.

Rain Therapeutics Inc. Its liquidity data is equally interestingly compelling with a quick ratio of 7.20 and a current ratio set at 7.20.

Rain Medical Sciences Inc. [RAIN]: Insider Ownership Position

Institutional investors currently hold approximately $115 million, or 61.70%, of Ren stock in their hands. The top three institutional holders of RAIN stock are: BVF INC/IL with ownership of 3,526,729, which is around 0% of the company’s market cap and around 15.50% of total institutional ownership; Perceptive Advisors LLC owns 2,483,619 shares of Rain Stock shares with an estimated value of $19.87 million; and Cormorant Asset Management, LP, with $18.61 million in Ren stock currently owning approximately 0% of the company’s market capitalization.

Rain Therapeutics Inc. Shares positions of institutional investors increased in late November and during the November reporting period, where 16 institutional holders increased their positions in Rain Therapeutics Inc. [NASDAQ:RAIN] By approximately 509,597 shares. Additionally, 17 investors reduced positions by approximately 109,970 shares, while 14 investors maintained positions by approximately 13,761,002 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 14,380,569 shares. There were 8 new institutional investments in Rain stock for a total of 45,236 shares, while 6 institutional investors sold 50,089 shares during the same period.

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