In the past week, RCM stock has gone down by -7.80%, with a monthly decline of -4.44% and a quarterly plunge of -8.89%. The volatility ratio for the week is 3.46%, and the volatility levels for the last 30 days are 2.81% for R1 RCM Inc. The simple moving average for the last 20 days is -7.51% for RCM stock, with a simple moving average of 3.53% for the last 200 days.
Is It Worth Investing in R1 RCM Inc. (NASDAQ: RCM) Right Now?
Moreover, the 36-month beta value for RCM is 0.84. Analysts have varying opinions on the stock, with 12 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for R1 RCM Inc. (RCM) is $21.47, which is $5.99 above the current market price. The public float for RCM is 210.75M and currently, short sellers hold a 7.18% of that float. On September 18, 2023, RCM’s average trading volume was 2.39M shares.
RCM) stock’s latest price update
The stock price of R1 RCM Inc. (NASDAQ: RCM) has plunged by -4.09 when compared to previous closing price of 16.14, but the company has seen a -7.80% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2023-08-27 that R1 RCM Inc. continues to offer long-term value for investors, with ongoing gains in contract balances and revenues. Recent acquisitions are starting to contribute to profitability, supporting the company’s differentiated assets in revenue cycle management. The company’s Q2 FY’23 numbers show strong growth in revenue and earnings, with revised guidance indicating further growth in the future.
Analysts’ Opinion of RCM
Many brokerage firms have already submitted their reports for RCM stocks, with Cantor Fitzgerald repeating the rating for RCM by listing it as a “Overweight.” The predicted price for RCM in the upcoming period, according to Cantor Fitzgerald is $20 based on the research report published on August 15, 2023 of the current year 2023.
RCM Trading at -9.28% 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 -30.02% of loss for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -4.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.74% lower at present.
During the last 5 trading sessions, RCM fell by -7.80%, which changed the moving average for the period of 200-days by +106.13% in comparison to the 20-day moving average, which settled at $16.70. In addition, R1 RCM Inc. saw 41.37% 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 HENNEMAN JOHN B III, who sale 50,000 shares at the price of $17.17 back on Aug 08. After this action, HENNEMAN JOHN B III now owns 72,114 shares of R1 RCM Inc., valued at $858,650 using the latest closing price.
Evans Richard B. Jr., the Principal Accounting Officer of R1 RCM Inc., sale 17,000 shares at $16.84 during a trade that took place back on Jun 12, which means that Evans Richard B. Jr. is holding 124,007 shares at $286,229 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. The total capital return value is set at 6.09, while invested capital returns managed to touch -2.02. Equity return is now at value -2.40, with -1.30 for asset returns.
Based on R1 RCM Inc. (RCM), the company’s capital structure generated 70.37 points at debt to equity in total, while total debt to capital is 41.30. Total debt to assets is 37.25, with long-term debt to equity ratio resting at 67.16. Finally, the long-term debt to capital ratio is 39.42.
When we switch over and look at the enterprise to sales, we see a ratio of 3.88, with the company’s debt to enterprise value settled at 0.34. The receivables turnover for the company is 6.96 and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
To wrap up, the performance of R1 RCM Inc. (RCM) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
