RedHill Biopharma (RDHL) Stock Forecast, Price & News

RedHill Biopharma's stock was trading at $5.6120 at the beginning of the year. Since then, RDHL stock has decreased by 63.5% and is now trading at $2.05.
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RedHill Biopharma saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 116,600 shares, a decrease of 31.7% from the April 30th total of 170,700 shares. Based on an average daily trading volume, of 97,100 shares, the short-interest ratio is presently 1.2 days. Approximately 4.0% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 22nd 2023.
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RedHill Biopharma Ltd. (NASDAQ:RDHL) announced its quarterly earnings data on Tuesday, November, 30th. The biotechnology company reported ($20.00) EPS for the quarter, missing the consensus estimate of ($19.20) by $0.80. The biotechnology company earned $21.61 million during the quarter, compared to analysts' expectations of $23.41 million. During the same period in the previous year, the company posted ($20.00) EPS.

Shares of RedHill Biopharma reverse split on the morning of Thursday, March 23rd 2023. The 1-40 reverse split was announced on Thursday, March 23rd 2023. The number of shares owned by shareholders was adjusted after the market closes on Thursday, March 23rd 2023. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other RedHill Biopharma investors own include Agenus (AGEN), Sorrento Therapeutics (SRNE), Sangamo Therapeutics (SGMO), Verastem (VSTM), Amarin (AMRN), Aralez Pharmaceuticals (ARLZ), Inovio Pharmaceuticals (INO), Tesla (TSLA), Gilead Sciences (GILD) and NVIDIA (NVDA).

RedHill Biopharma trades on the NASDAQ under the ticker symbol "RDHL."

RedHill Biopharma's stock is owned by a variety of institutional and retail investors. Top institutional investors include Armistice Capital LLC (9.61%), Acadian Asset Management LLC (0.85%), Belvedere Trading LLC (0.00%) and Simplex Trading LLC (0.00%).

Shares of RDHL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RDHL stock can currently be purchased for approximately $2.05.

RedHill Biopharma (NASDAQ:RDHL) has a market capitalization of $8.06 million and generates $61.80 million in revenue each year. The biotechnology company earns $-71,670,000.00 in net income (profit) each year or ($62.40) on an earnings per share basis.

The company employs 201 workers across the globe.

RedHill Biopharma's mailing address is 21 Ha'arba'a Street, Tel Aviv L3, 64739. The official website for the company is www.redhillbio.com. The biotechnology company can be reached via phone at 972-3541-3131, via email at investors@redhillbio.com, or via fax at 972-3541-3144.