R1 RCM Inc. (NASDAQ: RCM)’s stock price has decreased by -0.37 compared to its previous closing price of 13.65. Nevertheless, the company has seen a loss of -2.44% in its stock price over the last five trading days. The Wall Street Journal reported on 01/10/22 that Zynga, Lululemon, Virgin Orbit, Tilray: What to Watch When the Stock Market Opens Today
Is It Worth Investing in R1 RCM Inc. (NASDAQ: RCM) Right Now?
The 36-month beta value for RCM is also noteworthy at 0.84. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for RCM is $18.75, which is $4.9 above than the current price. The public float for RCM is 303.12M, and at present, short sellers hold a 5.71% of that float. The average trading volume of RCM on March 16, 2023 was 2.89M shares.
RCM’s Market Performance
RCM’s stock has seen a -2.44% decrease for the week, with a -0.73% drop in the past month and a 30.90% gain in the past quarter. The volatility ratio for the week is 4.56%, and the volatility levels for the past 30 days are at 4.48% for R1 RCM Inc. The simple moving average for the last 20 days is -2.99% for RCM stock, with a simple moving average of -20.60% for the last 200 days.
Analysts’ Opinion of RCM
Many brokerage firms have already submitted their reports for RCM stocks, with Truist repeating the rating for RCM by listing it as a “Hold.” The predicted price for RCM in the upcoming period, according to Truist is $15 based on the research report published on February 02nd of the current year 2023.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see RCM reach a price target of $14. The rating they have provided for RCM stocks is “Buy” according to the report published on January 05th, 2023.
Guggenheim gave a rating of “Buy” to RCM, setting the target price at $15 in the report published on December 07th of the previous year.
RCM Trading at 0.65% from the 50-Day Moving Average
After a stumble in the market that brought RCM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.18% of loss for the given period.
Volatility was left at 4.48%, however, over the last 30 days, the volatility rate increased by 4.56%, as shares sank -0.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.20% upper at present.
During the last 5 trading sessions, RCM fell by -2.44%, which changed the moving average for the period of 200-days by -35.94% in comparison to the 20-day moving average, which settled at $14.02. In addition, R1 RCM Inc. saw 24.20% 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 RCM starting from RIVAS LEE, who purchase 71,767 shares at the price of $13.93 back on Feb 21. After this action, RIVAS LEE now owns 71,767 shares of R1 RCM Inc., valued at $1,000,001 using the latest closing price.
TCP-ASC ACHI Series LLLP, the Director of R1 RCM Inc., sale 15,000,000 shares at $20.43 during a trade that took place back on Sep 13, which means that TCP-ASC ACHI Series LLLP is holding 164,754,055 shares at $306,375,000 based on the most recent closing price.
Stock Fundamentals for RCM
Current profitability levels for the company are sitting at:
- +9.82 for the present operating margin
- +19.86 for the gross margin
The net margin for R1 RCM Inc. stands at -3.19. Equity return is now at value 4.00, with 1.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
In summary, R1 RCM Inc. (RCM) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
