Can Rite Aid Corporation (RAD) Remain Competitive?

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Rite Aid Corporation (NYSE:RAD) went up by 0.74% from its latest closing price compared to the recent 1-year high of $23.88. The company’s stock price has collected -6.34% of loss in the last five trading sessions. The Wall Street Journal reported on 11/17/20 that Amazon Launches Online Pharmacy

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Is It Worth Investing in Rite Aid Corporation (NYSE :RAD) Right Now?

Plus, the 36-month beta value for RAD is at 0.76.

RAD currently public float of 53.50M and currently shorts hold a 28.19% ratio of that float. Today, the average trading volume of RAD was 3.56M shares.

RAD’s Market Performance

RAD stocks went down by -6.34% for the week, with a monthly jump of 14.57% and a quarterly performance of -20.51%, while its annual performance rate touched 12.91%. The volatility ratio for the week stands at 5.06% while the volatility levels for the past 30 days are set at 5.82% for Rite Aid Corporation. The simple moving average for the period of the last 20 days is 3.37% for RAD stocks with a simple moving average of -18.60% for the last 200 days.

Analysts’ Opinion of RAD

Many brokerage firms have already submitted their reports for RAD stocks, with Deutsche Bank repeating the rating for RAD by listing it as a “Hold.” The predicted price for RAD in the upcoming period, according to Deutsche Bank is $12 based on the research report published on April 17th of the current year 2020.

RAD Trading at 1.79% from the 50-Day Moving Average

After a stumble in the market that brought RAD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.23% of loss for the given period.

Volatility was left at 5.82%, however, over the last 30 days, the volatility rate increased by 5.06%, as shares surge +12.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.98% lower at present.

During the last 5 trading sessions, RAD fell by -6.34%, which changed the moving average for the period of 200-days by -13.39% in comparison to the 20-day moving average, which settled at $10.63. In addition, Rite Aid Corporation saw -29.35% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for RAD

Current profitability levels for the company are sitting at:

  • +1.12 for the present operating margin
  • +20.38 for the gross margin

The net margin for Rite Aid Corporation stands at -2.14. The total capital return value is set at 4.20, while invested capital returns managed to touch -8.42. Equity return is now at value -48.20, with -3.60 for asset returns.

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Based on Rite Aid Corporation (RAD), the company’s capital structure generated 934.87 points at debt to equity in total, while total debt to capital is 90.34. Total debt to assets is 59.95, with long-term debt to equity ratio resting at 860.89. Finally, the long-term debt to capital ratio is 83.19.

When we switch over and look at the enterrpise to sales, we see a ratio of 0.31, with the company’s debt to enterprise value settled at 0.93. The receivables turnover for the company is 14.26 and the total asset turnover is 2.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.

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