Retractable Technologies Stock Today

RVP Stock  USD 1.20  0.01  0.84%   

Performance

5 of 100

 
Low
 
High
Modest

Odds Of Distress

Less than 5

 
100  
 
Zero
Very Low
Retractable Technologies is selling at 1.20 as of the 28th of March 2024; that is 0.84 percent increase since the beginning of the trading day. The stock's last reported lowest price was 1.19. Retractable Technologies has under 5 % chance of experiencing financial distress over the next 2 years but had a somewhat modest performance during the last 90 days. Equity ratings for Retractable Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
4th of May 2001
Category
Healthcare
Classification
Health Care
Retractable Technologies, Inc. designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession in the United States, rest of North and South America, and internationally. Retractable Technologies, Inc. The company has 29.94 M outstanding shares of which 99.02 K shares are at this time shorted by investors with about 1.5 days to cover. More on Retractable Technologies

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Retractable Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Retractable Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Retractable Technologies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanThomas Shaw
Business ConcentrationHealth Care Equipment & Supplies, Health Care Equipment & Services, Health Care, Health Care, Health Care Equipment & Supplies, Medical Instruments & Supplies, Healthcare (View all Sectors)
Average Analyst Recommendation
Analysts covering Retractable Technologies report their recommendations after researching Retractable Technologies' financial statements, talking to executives and customers, or listening in on Retractable Technologies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Retractable Technologies. The Retractable consensus assessment is calculated by taking the average forecast from all of the analysts covering Retractable Technologies.
Financial Strength
Based on the key indicators related to Retractable Technologies' liquidity, profitability, solvency, and operating efficiency, Retractable Technologies is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in April. Financial strength of Retractable Technologies is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.550.44
Significantly Up
Very volatile
Gross Profit Margin0.260.27
Sufficiently Down
Pretty Stable
Total Current Liabilities12.1 M14 M
Fairly Down
Slightly volatile
Non Current Liabilities Total93 M88.5 M
Sufficiently Up
Slightly volatile
Total Assets236.3 M225 M
Sufficiently Up
Slightly volatile
Total Current Assets107.2 M102.1 M
Sufficiently Up
Slightly volatile
Retractable Technologies' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Retractable Technologies' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Retractable Technologies' financial leverage. It provides some insight into what part of Retractable Technologies' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Retractable Technologies' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Retractable Technologies deploys its capital and how much of that capital is borrowed.
Liquidity
Retractable Technologies cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 1.82 M in debt with debt to equity (D/E) ratio of 0.02, which may show that the company is not taking advantage of profits from borrowing. Retractable Technologies has a current ratio of 5.3, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Retractable Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Retractable Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Retractable Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Retractable to invest in growth at high rates of return. When we think about Retractable Technologies' use of debt, we should always consider it together with cash and equity.

Depreciation

7.82 Million
Retractable Technologies (RVP) is traded on NYSE MKT Exchange in USA. It is located in 511 Lobo Lane, Little Elm, TX, United States, 75068-5295 and employs 190 people. Retractable Technologies is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a total capitalization of 35.63 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Retractable Technologies's market, we take the total number of its shares issued and multiply it by Retractable Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Retractable Technologies runs under Health Care Equipment & Supplies sector within Health Care industry. The entity has 29.94 M outstanding shares of which 99.02 K shares are at this time shorted by investors with about 1.5 days to cover. Retractable Technologies has about 19.72 M in cash with 13.01 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.44, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Retractable Technologies Probability Of Bankruptcy
Ownership Allocation
Retractable Technologies owns a total of 29.94 Million outstanding shares. Retractable Technologies has significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Retractable Ownership Details

Retractable Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Retractable Technologies jumping above the current price in 90 days from now is about 50.0%. The Retractable Technologies probability density function shows the probability of Retractable Technologies stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Retractable Technologies has a beta of -0.4403 indicating as returns on benchmark increase, returns on holding Retractable Technologies are expected to decrease at a much lower rate. During the bear market, however, Retractable Technologies is likely to outperform the market. Additionally, retractable Technologies has an alpha of 0.1281, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 1.2HorizonTargetOdds Above 1.2
49.77%90 days
 1.20 
50.00%
Based on a normal probability distribution, the odds of Retractable Technologies to move above the current price in 90 days from now is about 50.0 (This Retractable Technologies probability density function shows the probability of Retractable Stock to fall within a particular range of prices over 90 days) .

Retractable Technologies Historical Income Statement

Retractable Technologies Income Statement is one of the three primary financial statements used for reporting Retractable's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Retractable Technologies revenue and expense. Retractable Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Retractable Technologies' Research Development is relatively stable compared to the past year. As of 03/28/2024, EBITDA is likely to grow to about 9.2 M, though Net Loss is likely to grow to (10.7 M). View More Fundamentals

Retractable Stock Against Markets

Picking the right benchmark for Retractable Technologies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Retractable Technologies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Retractable Technologies is critical whether you are bullish or bearish towards Retractable Technologies at a given time. Please also check how Retractable Technologies' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Retractable Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Retractable Technologies Corporate Directors

Retractable Technologies corporate directors refer to members of a Retractable Technologies board of directors. The board of directors generally takes responsibility for the Retractable Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Retractable Technologies' board members must vote for the resolution. The Retractable Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Walter BigbyIndependent DirectorProfile
Marco LaterzaIndependent DirectorProfile
Amy MackIndependent DirectorProfile
Douglas CowanCFO, VP, Treasurer and DirectorProfile

How to buy Retractable Stock?

Before investing in Retractable Technologies, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Retractable Technologies. To buy Retractable Technologies stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Retractable Technologies. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Retractable Technologies stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Retractable Technologies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Retractable Technologies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Retractable Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Retractable Stock please use our How to Invest in Retractable Technologies guide.

Already Invested in Retractable Technologies?

The danger of trading Retractable Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Retractable Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Retractable Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Retractable Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Retractable Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Retractable Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Retractable Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Retractable Technologies Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Retractable Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
To learn how to invest in Retractable Stock, please use our How to Invest in Retractable Technologies guide.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for Retractable Stock analysis

When running Retractable Technologies' price analysis, check to measure Retractable Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Retractable Technologies is operating at the current time. Most of Retractable Technologies' value examination focuses on studying past and present price action to predict the probability of Retractable Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Retractable Technologies' price. Additionally, you may evaluate how the addition of Retractable Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Retractable Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Retractable Technologies. If investors know Retractable will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Retractable Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.87)
Earnings Share
(0.37)
Revenue Per Share
1.374
Quarterly Revenue Growth
(0.55)
Return On Assets
(0.05)
The market value of Retractable Technologies is measured differently than its book value, which is the value of Retractable that is recorded on the company's balance sheet. Investors also form their own opinion of Retractable Technologies' value that differs from its market value or its book value, called intrinsic value, which is Retractable Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Retractable Technologies' market value can be influenced by many factors that don't directly affect Retractable Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Retractable Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Retractable Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Retractable Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.