Ra Medical Systems Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ra Medical Systems in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Ra Medical Systems stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RMED, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Ra Medical Systems a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ra Medical Systems wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Ra Medical Systems is scheduled to release its next quarterly earnings announcement on Tuesday, March 9th 2021.
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Ra Medical Systems, Inc. (NYSE:RMED) announced its earnings results on Thursday, November, 12th. The company reported ($3.25) earnings per share for the quarter, missing analysts' consensus estimates of ($3.00) by $0.25. The firm earned $0.91 million during the quarter, compared to analysts' expectations of $1.13 million. Ra Medical Systems had a negative net margin of 772.04% and a negative trailing twelve-month return on equity of 120.68%.
View Ra Medical Systems' earnings history.

Ra Medical Systems' stock was trading at $31.4075 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RMED shares have decreased by 77.6% and is now trading at $7.05.
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Ra Medical Systems shares reverse split on Tuesday, November 17th 2020. The 1-25 reverse split was announced on Monday, November 16th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Monday, November 16th 2020. An investor that had 100 shares of Ra Medical Systems stock prior to the reverse split would have 4 shares after the split.

3 brokers have issued 12-month price targets for Ra Medical Systems' stock. Their forecasts range from $7.00 to $50.00. On average, they anticipate Ra Medical Systems' stock price to reach $31.50 in the next twelve months. This suggests a possible upside of 346.8% from the stock's current price.
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Some companies that are related to Ra Medical Systems include Sensus Healthcare (SRTS), Nephros (NEPH), Nephros (NEPHD), AIT Therapeutics (AITB), STRATA Skin Sciences (SSKN), Plus Therapeutics (PSTV), Sintx Technologies (SINT), Motus GI (MOTS), Daxor (DXR), Neovasc (NVCN), Arch Therapeutics (ARTH), Vivos (RDGL), Obalon Therapeutics (OBLN), Aethlon Medical (AEMD) and InVivo Therapeutics (NVIV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ra Medical Systems investors own include Bionano Genomics (BNGO), Gran Tierra Energy (GTE), Matinas BioPharma (MTNB), ADMA Biologics (ADMA), Cannabics Pharmaceuticals (CNBX), Novan (NOVN), OrganiGram (OGI), Pennsylvania Real Estate Investment Trust (PEI), CBL & Associates Properties (CBL) and Zosano Pharma (ZSAN).

(RMED) raised $50 million in an initial public offering on Thursday, September 27th 2018. The company issued 3,300,000 shares at a price of $14.00-$16.00 per share. Piper Jaffray and Cantor acted as the underwriters for the IPO and SunTrust Robinson Humphrey, Nomura and Maxim Group were co-managers.

Ra Medical Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "RMED."

Ra Medical Systems' stock is owned by many different institutional and retail investors. Top institutional investors include Royce & Associates LP (6.97%), Renaissance Technologies LLC (4.86%), Squarepoint Ops LLC (0.54%) and Alethea Capital Management LLC (0.42%). Company insiders that own Ra Medical Systems stock include Andrew C Jackson, Dean Irwin, Jeffrey J Kraws, Jonathan Will Mcguire, Martin Burstein, Martin J Colombatto, Richard Mejia Jr and William R Enquist.
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RMED stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Alethea Capital Management LLC, and Royce & Associates LP.
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RMED stock was acquired by a variety of institutional investors in the last quarter, including Squarepoint Ops LLC. Company insiders that have bought Ra Medical Systems stock in the last two years include Jonathan Will Mcguire, Martin J Colombatto, Richard Mejia Jr, and William R Enquist.
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Shares of RMED 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 RMED stock can currently be purchased for approximately $7.05.

Ra Medical Systems has a market capitalization of $20.58 million and generates $7.20 million in revenue each year. The company earns $-56,960,000.00 in net income (profit) each year or ($108.25) on an earnings per share basis.

Ra Medical Systems employs 85 workers across the globe.

The official website for Ra Medical Systems is www.ramed.com.

Ra Medical Systems is headquartered at 2070 Las Palmas Drive, Carlsbad CA, 92011.

Ra Medical Systems' mailing address is 2070 Las Palmas Drive, Carlsbad CA, 92011. The company can be reached via phone at 760-804-1648 or via email at [email protected]