RSSS Stock Summary and Trading Ideas (Research Solutions | NASDAQ:RSSS)

Research Solutions Inc is a holding company. The company provides a cloud-based SaaS research intelligence platform consisting of proprietary software and Internet-based interfaces. Its platform also allows customers to find and download digital versions of STM articles. Platforms and Transactions are packaged as a single solution that enables life science and other research-intensive organizations to speed up research and development activities. The company platform allows customers to initiate orders, manage transactions, automate authentication, obtain reports, and connect seamlessly to corporate intranets.

Research Solutions trades on the NASDAQ stock market under the symbol RSSS.

As of April 26, 2024, RSSS stock price climbed to $3.05 with 19,426 million shares trading.

RSSS has a beta of 0.08, meaning it tends to be less sensitive to market movements. RSSS has a correlation of 0.00 to the broad based SPY ETF.

RSSS has a market cap of $99.33 million. This is considered a Micro Cap stock.

Last quarter Research Solutions reported $10 million in Revenue and $.00 earnings per share. This beat revenue expectation by $524,000 and met earnings estimates .

In the last 3 years, RSSS stock traded as high as $3.50 and as low as $1.69.

The top ETF exchange traded funds that RSSS belongs to (by Net Assets): VTI, VXF, IWC.

RSSS has outperformed the market in the last year with a price return of +50.0% while the SPY ETF gained +26.8%. RSSS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +12.4% and -0.2%, respectively, while the SPY returned +4.5% and -1.9%, respectively.

RSSS support price is $2.86 and resistance is $3.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RSSS stock will trade within this expected range on the day.