How to Buy Reshape Lifesciences Stock
Reshape Lifesciences Inc
ReShape Lifesciences Inc. , a medical device company, provides products and services that manages and treat obesity and metabolic diseases in the United States, Australia, Europe, and internationally.
Reshape Lifesciences stock last closed at $0.17, down 4.49% from the previous day, and has decreased 92.48% in one year. It has underperformed other stocks in the Medical Devices industry by 0.77 percentage points. Reshape Lifesciences stock is currently +20.57% from its 52-week low of $0.14, and -93.92% from its 52-week high of $2.80.
As of Apr 26, 2024, there are 23.46M shares of RSLS outstanding. The market value of RSLS is $3.99M. In the past 24 hours, 317,860 RSLS shares were traded.
How to Buy Reshape Lifesciences Stock
Wondering how to invest in Reshape Lifesciences stock? Here's how.
- Decide where to buy Reshape Lifesciences stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Reshape Lifesciences stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Choose your payment method and add your info.
- Evaluate Reshape Lifesciences stock: The Reshape Lifesciences ticker symbol is RSLS. Is Reshape Lifesciences stock a good investment? Should you buy shares of RSLS? How do RSLS's underlying business fundamentals look? Do top analysts think Reshape Lifesciences is a good buy? Why has RSLS's stock price moved recently? (Hint: Our stock research tools can help you understand if RSLS is a good stock to buy).
- Place your RSLS buy order: Decide if you will purchase RSLS shares at the current market price or use a limit order to buy RSLS shares at a given price.
- Watch your RSLS investment: Create a watchlist to watch your investment in Reshape Lifesciences stock.
Step 1: Decide where to buy Reshape Lifesciences stock
You need a brokerage account in order to access the NASDAQ market and buy RSLS stock.
Our favorite brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. eToro gives you:
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you are able to buy RSLS today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new brokerage account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on the best stock market app, your next step is to transfer the money for your investment:
Check out the tutorial below if you need help depositing funds into your new brokerage account.
Step 4: Evaluate Reshape Lifesciences stock
Once you have identified the best place to buy Reshape Lifesciences stock, it's absolutely critical to research their stock before you invest, so you can understand the risk as well as the upside.
Reshape Lifesciences Numbers
Reshape Lifesciences Overview
WallStreetZen was built to help average investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on RSLS's stock page.
Is RSLS stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge RSLS's intrinsic value.
Using relative valuations methods:
- RSLS could be undervalued based on its P/B ratio of 0.6x, relative to Medical Devices industry P/B ratio of 3.7x
You can do more valuation research on RSLS's stock here.
A look at RSLS Cashflows and Balance Sheet
Signs that RSLS is financially healthy:
- Total RSLS debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the RSLS balance sheet.
- There are more short-term assets than long-term liabilities on the RSLS balance sheet.
Signs that RSLS is not financially healthy:
- RSLS has $4.56M in cash and short term investments. This is not enough to cover its annual cash burn of $16.97M.
- RSLS has a relatively high debt to equity ratio of 0.6.
- RSLS profit margin has gone up by 2.8 percentage points in the past year, but the company is still unprofitable.
- RSLS has cash burn of 16970000. It does not have sufficient cash and short-term investments to cover this.
RSLS Trading Indicators
RSLS Performance Numbers
Last year, RSLS revenue was $8.68M. Over the past five year, RSLS's revenue has grown by -0.95% per year. This was slower than the Medical Devices industry average of 13.26%.
Find out more about RSLS's earnings and revenue performance here.
What are RSLS executives and large shareholders up to?
In the last year, executives and large shareholders at RSLS have bought more shares than they have sold.
Thomas Stankovich, Chief Financial Officer of RSLS, was the latest RSLS insider to sell. They sold $35.37 worth of RSLS shares on Oct 25, 2023.
Research more about who owns RSLS stock here.
Can I rely on RSLS as an income stream?
No, Reshape Lifesciences doesn't provide an income stream by paying out dividends.
What do other traders have to say about RSLS?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your RSLS buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, place a limit order.
Hit the Open button and your broker will place your order.
If you require more help with investing in stocks on eToro, watch the how to video below:
Step 6: Watch your RSLS investment
Now that you own some shares in RSLS, you'll want to stay up-to-date on your stock purchase.
Add RSLS to a watchlist to see the latest developments about your RSLS stock.
RSLS Feed
How to Buy Stock in Reshape Lifesciences
To summarize, here are the 6 steps to buy stock in Reshape Lifesciences:
- Decide where to buy Reshape Lifesciences stock
- Sign up for your brokerage account
- Fund your brokerage account
- Evaluate Reshape Lifesciences stock
- Place your RSLS buy order
- Watch your RSLS investment
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your investment in Reshape Lifesciences, create a watchlist today.
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