BMO Capital Markets has recently raised Ryan Specialty Holdings Inc (RYAN) stock to Outperform rating, as announced on September 24, 2024, according to Finviz. Earlier, on September 5, 2024, Barclays had initiated the stock to Overweight, setting a price target of $76. Wells Fargo also reduced Equal Weight rating with a price target of $60. Additionally, BofA Securities initiated Buy rating on May 22, 2024, with a target price of $67. Wolfe Research analysts, in their report published on May 6, 2024, also reduced Peer Perform rating for Ryan Specialty Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Ryan Specialty Holdings Inc (RYAN) Stock Trading Recap
On Thursday, Ryan Specialty Holdings Inc (RYAN) stock saw a decline, ending the day at $65.87 which represents a decrease of $-3.09 or -4.48% from the prior close of $68.96. The stock opened at $64.87 and touched a low of $61.6 during the day, reaching a high of $68.33. The volume of shares traded was 2.17 million exceeding the average volume of 0.82 million.
RYAN Stock Performance and Moving Averages
In recent trading, Ryan Specialty Holdings Inc (RYAN) stock price has shown some volatility, fluctuating -5.43% over the last five trades and -4.72% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 24.40%, and it has plunged by -3.94% in the previous three months. Currently, RYAN is trading at -6.05%, -1.68%, and 15.47% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, RYAN, a Financial sector stock, is trading -9.89% below its 52-week high but remains 59.44% above its 52-week low. The Average True Range (ATR) (14 days) of 1.97 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Ryan Specialty Holdings Inc’s Profitability and Valuation Ratios
Ryan Specialty Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 24.90% and a profit margin of 3.38%, with a gross margin of 24.40%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Ryan Specialty Holdings Inc’s market capitalization stands at $17.22 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 104.82, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 29.73. Additionally, the Price-to-Sales Ratio is 7.43, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 12.97, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 18.38% of Ryan Specialty Holdings Inc (RYAN)’s shares, while financial institutions hold 82.52%.
Notable insider trades include CORTEZI NICHOLAS DOMINIC, Director at Ryan Specialty Holdings Inc (RYAN), who sold 18542 shares on Aug 29 ’24, at $64.55 each, totaling $1.20 million. On Aug 28 ’24, CORTEZI NICHOLAS DOMINIC, Director, sold 5375 shares for $64.73 each, amounting to $0.35 million. Additionally, on Aug 26 ’24, CORTEZI NICHOLAS DOMINIC sold 2325 shares at $64.6 each, generating $0.15 million.
