Red Sea shares’ gains near 200% in 2024

25/09/2024 Argaam Exclusive

Shares of Red Sea International Co. (RSI) climbed 2% today, Sept. 25, closing at the highest price since 2015, at SAR 70.10 apiece. 

 

The stock hit an intraday high of SAR 74.50 per share. 

Highest per Year (Riyal) Lowest per Year (Riyal)
74.50 19.90
Highest since listing (Riyal) Lowest since listing (Riyal)
138.92 18.83

Accordingly, the stock has gained nearly 200% year-to-date. 

Market Data :

Open 70.60
Low 67.20
High 71.50
Previous Close 70.10
Change (3M) 137.76 %
Change (6M) 164.59 %
Market Value 2,055.64
Avg. Volume (3M) 1,001,967.28
Avg. Turnover (3M) 50,210,944.15
Avg. Transaction (3M) 4,173.58
Change(12M) 202.22 %
YTD 186.92 %

The company adjusted its capital several times since listing on the Saudi Exchange (Tadawul), as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Private Offering   778.37 157.45%
2022 Reduction   302.34 (49.61%)
2022 Right Issue   Deferred 452.34 49.61%
2014 Split   600.00 50.00%
2012 Split   400.00 33.33%
2006 IPO   300.00 0.00%

Financial Performance :



Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 2,055.64
Shares Outstanding ((M)) 30.23
EPS ( Riyal) (TTM) 0.17
Book Value (BV) ( Riyal) (Latest announcement) 2.85
Adjusted P/E (Last12) Neg
Price/book 23.82
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 0.31
Return on Average Equity (%) (TTM) 6.18
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 2,621.18


Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.