Rambus Inc. (NASDAQ: RMBS)’s stock price has increased by 4.46 compared to its previous closing price of 41.24. Nevertheless, the company has seen a loss of -0.19% in its stock price over the last five trading days.
Is It Worth Investing in Rambus Inc. (NASDAQ: RMBS) Right Now?
Additionally, the 36-month beta value for RMBS is 1.31. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for RMBS is $50.80, which is $7.72 above the current price. The public float for RMBS is 105.79M and currently, short sellers hold a 2.80% ratio of that float. The average trading volume of RMBS on March 15, 2023 was 930.89K shares.
RMBS’s Market Performance
RMBS’s stock has seen a -0.19% decrease for the week, with a -4.90% drop in the past month and a 15.19% gain in the past quarter. The volatility ratio for the week is 3.67%, and the volatility levels for the past 30 days are at 2.78% for Rambus Inc. The simple moving average for the last 20 days is -1.94% for RMBS stock, with a simple moving average of 35.99% for the last 200 days.
Analysts’ Opinion of RMBS
Many brokerage firms have already submitted their reports for RMBS stocks, with Rosenblatt repeating the rating for RMBS by listing it as a “Buy.” The predicted price for RMBS in the upcoming period, according to Rosenblatt is $35 based on the research report published on October 14th of the previous year 2021.
Susquehanna, on the other hand, stated in their research note that they expect to see RMBS reach a price target of $26. The rating they have provided for RMBS stocks is “Positive” according to the report published on April 30th, 2021.
RMBS Trading at 2.69% from the 50-Day Moving Average
After a stumble in the market that brought RMBS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.67% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 3.67%, as shares sank -5.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.07% upper at present.
During the last 5 trading sessions, RMBS fell by -0.19%, which changed the moving average for the period of 200-days by +81.08% in comparison to the 20-day moving average, which settled at $43.81. In addition, Rambus Inc. saw 20.27% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RMBS starting from Seraphin Luc, who sale 12,500 shares at the price of $41.06 back on Mar 13. After this action, Seraphin Luc now owns 354,653 shares of Rambus Inc., valued at $513,256 using the latest closing price.
Seraphin Luc, the President and CEO of Rambus Inc., sale 12,500 shares at $44.83 during a trade that took place back on Mar 06, which means that Seraphin Luc is holding 367,153 shares at $560,319 based on the most recent closing price.
Stock Fundamentals for RMBS
Current profitability levels for the company are sitting at:
- +17.60 for the present operating margin
- +69.05 for the gross margin
The net margin for Rambus Inc. stands at -3.15. Equity return is now at value -1.80, with -1.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.16.
Conclusion
In conclusion, Rambus Inc. (RMBS) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
