Research Solutions Inc (RSSS) stock forecast: Can it reach its 52-week high of $3.73

At the time of writing, Research Solutions Inc [RSSS] stock is trading at $3.42, down -1.44%. An important factor to consider is whether the stock is rising or falling in short-term value. The RSSS shares have gain 16.33% over the last week, with a monthly amount glided 26.20%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

For the past year, the stock price of Research Solutions Inc fluctuated between $2.21 and $3.73. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. Research Solutions Inc [NASDAQ: RSSS] shares were valued at $3.42 at the most recent close of the market. An investor can expect a potential return of 46.2% based on the average RSSS price forecast.

Analyzing the RSSS fundamentals

According to Research Solutions Inc [NASDAQ:RSSS], the company’s sales were 46.61M for trailing twelve months, which represents an 19.71% jump. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 15.29%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.16 and Total Capital is 0.0.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.36 points at the first support level, and at 3.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.51, and for the 2nd resistance point, it is at 3.60.

Ratios To Look Out For

It is important to note that Research Solutions Inc [NASDAQ:RSSS] has a current ratio of 0.89. On the other hand, the Quick Ratio is 0.89, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 2.39, the price to book ratio is 8.72.

Transactions by insiders

Recent insider trading involved Derycz Peter, 10% Owner, that happened on Mar 20 ’24 when 40402.0 shares were sold. 10% Owner, Derycz Peter completed a deal on Mar 21 ’24 to sell 26517.0 shares. Meanwhile, 10% Owner Derycz Peter sold 2576.0 shares on Mar 22 ’24.

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