At the end of the latest market close, Regulus Therapeutics Inc. (RGLS) was valued at $0.90. In that particular session, Stock kicked-off at the price of $0.95 while reaching the peak value of $1.03 and lowest value recorded on the day was $0.852. The stock current value is $1.05.
Recently in News on December 8, 2020, Regulus Therapeutics Announces Closing of $19.4 Million Private Placement of Equity. Regulus Therapeutics Inc. (Nasdaq: RGLS), a biopharmaceutical company focused on the discovery and development of innovative medicines targeting microRNAs, today announced the closing of its previously announced private placement of equity. The Company received gross proceeds of approximately $19.4 million from the sale of 24,341,607 shares of the Company’s common stock (“Common Stock”) and accompanying warrants to purchase up to an aggregate of 18,256,204 shares of Common Stock at a purchase price of $0.622 per share of Common Stock and $0.125 for each share of Common Stock underlying such warrants. In addition, the Company sold 272,970 shares of non-voting Class A-3 convertible preferred stock, in lieu of shares of Common Stock, at a price of $6.22 per share, and accompanying warrants to purchase an aggregate of 2,047,276 shares of Common Stock at a price of $0.125 for each share of Common Stock underlying these warrants. Each share of non-voting Class A-3 convertible preferred stock is convertible into 10 shares of Common Stock, subject to certain beneficial ownership conversion limitations. The Company expects to use the net proceeds from the transaction primarily to advance RGLS4326 for the treatment of Autosomal Dominant Polycystic Kidney Disease and for general corporate purposes. H.C. Wainwright and Co. acted as exclusive placement agent for the financing. You can read further details here
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Regulus Therapeutics Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.7400 on 01/09/20, with the lowest value was $0.4222 for the same time period, recorded on 09/08/20.
Regulus Therapeutics Inc. (RGLS) full year performance was 20.49%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Regulus Therapeutics Inc. shares are logging -39.66% during the 52-week period from high price, and 148.70% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.42 and $1.74.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 3099840 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Regulus Therapeutics Inc. (RGLS) recorded performance in the market was 0.74%, having the revenues showcasing 75.84% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 32.97M, as it employees total of 24 workers.
Regulus Therapeutics Inc. (RGLS) in the eye of market guru’s
During the last month, 0 analysts gave the Regulus Therapeutics Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.5989, with a change in the price was noted +0.0883. In a similar fashion, Regulus Therapeutics Inc. posted a movement of +9.25% for the period of last 100 days, recording 1,498,583 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RGLS is recording 1.74 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Regulus Therapeutics Inc. (RGLS): Stocks Technical analysis and Trends
Raw Stochastic average of Regulus Therapeutics Inc. in the period of last 50 days is set at 92.64%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 92.12%. In the last 20 days, the company’s Stochastic %K was 77.82% and its Stochastic %D was recorded 78.71%.
If we look into the earlier routines of Regulus Therapeutics Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 0.74%. Additionally, trading for the stock in the period of the last six months notably improved by 4.26%, alongside a boost of 20.49% for the period of the last 12 months. The shares increased approximately by 30.15% in the 7-day charts and went down by 73.59% in the period of the last 30 days. Common stock shares were driven by 75.84% during last recorded quarter.