JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Radius Health (NASDAQ:RDUS_OLD), Inc. (RDUS) stock has hit a 52-week low, dropping to $12.13, with the current price of $13.03 representing a 53% decline from its 52-week high of $28.02. According to InvestingPro analysis, the company maintains a market capitalization of $414 million and offers a notable dividend yield of 5.08%. The biopharmaceutical company, which specializes in developing new therapeutics for patients with advanced osteoporosis and other serious endocrine-mediated diseases, has seen its shares fluctuate over the past year amidst a broader industry reevaluation. With a weak gross profit margin of 5.77% and significant debt concerns, investors seeking deeper insights can access comprehensive analysis through InvestingPro's detailed research reports, which cover over 1,400 US stocks. While RDUS grapples with this significant trough in its stock price, the market has also witnessed notable shifts in other sectors. For instance, Schnitzer Steel (NASDAQ:RDUS) has experienced a stark 1-year change, with its stock value plummeting by -45.84%, reflecting the challenges and volatility that have characterized the market landscape over the past year.
In other recent news, Radius Recycling has reported a robust fourth quarter for fiscal year 2024. The company's adjusted EBITDA nearly doubled to $17 million from the previous quarter, and a $70 million annual cost reduction was achieved. Sales volumes saw an upturn across all segments, with non-ferrous, ferrous, and finished steel sales rising by 13%, 12%, and 11%, respectively. These developments are attributed to strategic investments in technology and service enhancements.
In other company news, Michael W. Sutherlin has resigned from Radius Recycling's Board of Directors, effective November 3, 2024. The board will continue to operate with seven members following Sutherlin's exit, including the newly appointed independent board member, Mauro Gregorio.
Looking ahead, Radius Recycling anticipates improved manufacturing activity and scrap supply flows due to lower U.S. interest rates and increased infrastructure spending. The company is also advancing metal recovery technologies and expanding its 3PR service line, with transactions worth $70 million targeted to close in the second half of fiscal 2025. These are some of the recent developments in the company's trajectory.
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