RVP Stock Summary and Trading Ideas (Retractable Technologies | AMEX:RVP)

Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession. The company's products are the VanishPoint 0.5mL insulin syringe; 1mL tuberculin, insulin, and allergy antigen syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL, and 10mL syringes; the small diameter tube adapter; the blood collection tube holder; the allergy tray; the IV safety catheter; the Patient Safe syringes; the Patient Safe Luer Cap; the VanishPoint Blood Collection Set; and the EasyPoint needle, as well as a standard 3mL syringe packaged with an EasyPoint needle. The company also sells VanishPoint autodisable syringes in the international market in addition to the Company's other products.

Retractable Technologies trades on the AMEX stock market under the symbol RVP.

As of April 18, 2024, RVP stock price climbed to $1.05 with 115,716 million shares trading.

RVP has a beta of 1.01, meaning it tends to be more sensitive to market movements. RVP has a correlation of 0.08 to the broad based SPY ETF.

RVP has a market cap of $31.43 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, RVP stock traded as high as $13.91 and as low as $.95.

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

RVP has underperformed the market in the last year with a price return of -44.4% while the SPY ETF gained +22.3%. RVP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.0% and -8.6%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

RVP support price is $1.01 and resistance is $1.07 (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 RVP stock will trade within this expected range on the day.