Radnet Inc (RDNT) Stock: Thought Concerns

Barclays raised the price target for the Radnet Inc (NASDAQ:RDNT) stock to “an Equal weight”. The rating was released on March 06, 2024, according to finviz. The research report from CJS Securities has initiated the stock to Market Outperform, with a price target set at $30. The stock was upgraded by Raymond James, who disclosed in a research note on March 03, 2023, from Mkt Perform to Outperform and set the price objective to $30. In their research brief published August 12, 2021, Barclays analysts initiated the Radnet Inc stock to Overweight with a price target of $39.

Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.2 during the last quarter as opposed to a consensus estimate of $0.15, which indicates the company beat its estimate by $0.05, which implies that the company surprised the market by 33.30%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is $0.03. This is an average of 5 analysts’ earnings, where the high earnings per share estimate is $0.21 and the low earnings per share estimate is -$0.09. According to 5 analyst estimates, an average revenue estimate of $421.72M is projected for the current quarter with a high revenue estimate of $428.5M and a low estimate of $415.5M.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated 3.16% within the last five trades and 29.66% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 70.26% in the last 6 months and 35.39% was added to its value over the previous 3 months. RDNT stock is trading at a margin of 5.53%, 18.49% and 42.86% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, RDNT deals in the Healthcare domain. The stock is trading -1.52 percent below its 52-week high and 105.32 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 105.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Radnet Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 5.75 percent and the profit margin is 0.19 percent, and the company has reported a gross margin of 5.75 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $3.55 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Radnet Inc (NASDAQ:RDNT) is 54066.67. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 56.98. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.20 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.24, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 14.79 percent of Radnet Inc shares are owned by insiders, and 73.38 percent are held by financial institutions. Murdock Michael N, the EVP & Chief Development Offcr at Radnet Inc (RDNT) has sold 10,115 shares of firm on Dec 05 ’23 at a price of $35.02 against the total amount of $0.35 million. In another inside trade, Gordon Christine Nayoma, Director of Radnet Inc (NASDAQ:RDNT) sold 3,000 shares of the firm on Nov 27 ’23 for a total worth of $97200.0 at a price of $32.40. An inside trade which took place on Jun 08 ’23, Pres and COO-West Operations of Radnet Inc HAMES NORMAN R sold 10,000 shares of firm against total price of $0.31 million at the cost of $31.12 per share.

Most Popular

Related Posts