Home Top Movers Why Regional Health Properties Inc (RHE) Stock surged on Friday, May 7?

Why Regional Health Properties Inc (RHE) Stock surged on Friday, May 7?

Regional Health Properties Inc (RHE) Stock soared 24.17% on Friday to close the session at $18.60 per share. Later in the after-hours session, RHE shares declined 3.17% to close at $18.01 per share. RHE shares have soared 1476.27% over the last 12 months, and they have moved up by 157.62% in the past week. Over the past three months, the stock has gained 157.98%, while over the past six months, it has added 1238.03%.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Let’s see what’s going on with RHE recently?

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Recent Financial results

On April 1, 2021, Regional Health Properties released its financial results for the fourth quarter and for the year ended December 31, 2020.

Read More

Q4 2020 financial highlights

  • Total rental revenues in the fourth quarter of 2020 were $3.4 million, from $4.3 million in the fourth quarter of 2019.
  • General and administrative expenses were $1.0 million for the fourth quarter of 2020, compared with $641,000 for the same period in 2019.
  • Loss from discontinued operations, net of tax, for the reported quarter was $51,000 compared to income from discontinued operations of $215,000 for the prior-year period.
  • Net loss attributable to Regional Health Properties, Inc.’s common stockholders in Q4 2020 was $3.3 million compared with a net loss of $1.5 million in the prior-year period. 

FY-2020 financial highlights

  • Total rental revenues for the 12 months ended December 31, 2020, were $16.3 million, from $19.0 million for the twelve months ended December 31, 2019.
  • General and administrative expenses were $3.4 million for FY 2020, compared with $3.2 million for FY 2019.
  • For the reported year, loss from discontinued operations, net of tax, was $84,000 compared to income from discontinued operations of $626,000 for the prior year.
  • The net loss attributable to Regional Health Properties, Inc.’s common stockholders were $9.7 million or $5.74 per basic and diluted share in FY 2020 compared with a net loss of $3.5 million in FY 2019.
  • The company had cash and cash equivalents of $4.2 million on December 31, 2020, compared with $4.4 million on December 31, 2019. 

Unusual Trading Activity

On December 28, 2020, Regional Health Properties commented on unusual trading activity in the Company’s common stock.

The Company confirmed that it is not aware of any undisclosed material change in the business, operations or affairs of the Company that would account for the recent increase in the share price and the trading volume of the Company’s common stock.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

Well, as of this writing there is no recent news in the market about RHE to justify its loss and gains on Friday. it is hard to predict how RHE stock will start the new week on Monday.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Edesa Biotech Inc. (EDSA) stock surged during current market trading. Here’s to know why?

Edesa Biotech Inc. (NASDAQ: EDSA) stock gained by 4.22% in the current market trading. Edesa Biotech is a clinical-stage biopharmaceutical business dedicated on the...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Cleveland BioLabs Inc. (CBLI) stock surged during after-hour session. Here’s what’s happening?

Cleveland BioLabs Inc. (NASDAQ: CBLI) stock declined by 3.58% at the last close while the CBLI stock price gains by 17.53% during the after-hour...

Why Ares Commercial Real Estate Corp (ACRE) stock plummeted on Thursday?

Ares Commercial Real Estate Corporation (ACRE) shares slipped 4.35% in after-hours on Thursday, June 17, 2021, and close the trading at $15.60. Earlier, ACRE's...

Nano-X Imaging Ltd. (NNOX) stock gained in the current market trading. Here’s to know why?

Nano-X Imaging Ltd. (NASDAQ: NNOX) stock gained by 14.90% in the current market trading. Nanox which is an Israeli company started by serial entrepreneur...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam