RB Global Inc. (NYSE: RBA) has seen a rise in its stock price by 0.87 in relation to its previous close of 65.18. However, the company has experienced a -1.22% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2023-08-05 that RB Global, Inc. (NYSE:RBA ) Q2 2023 Earnings Conference Call August 3, 2023 4:30 PM ET Company Participants Sameer Rathod – Vice President of Investor Relations and Market Intelligence Jim Kessler – Chief Executive Officer Conference Call Participants Steve Hansen – Raymond James Michael Doumet – Scotiabank Sabahat Khan – RBC Capital Markets John Healy – Northcoast Research Michael Feniger – Bank of America Gary Prestopino – Barrington Research Maxim Sytchev – National Bank Financial Kevin Condon – Baird Larry De Maria – William Blair Operator Good afternoon. My name is Chris, and I will be your conference operator today.
Is It Worth Investing in RB Global Inc. (NYSE: RBA) Right Now?
The price-to-earnings ratio for RB Global Inc. (NYSE: RBA) is above average at 71.00x. The 36-month beta value for RBA is also noteworthy at 0.92. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 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 RBA is $72.33, which is $5.54 above than the current price. The public float for RBA is 180.10M, and at present, short sellers hold a 3.93% of that float. The average trading volume of RBA on September 19, 2023 was 1.74M shares.
RBA’s Market Performance
RBA stock saw an increase of -1.22% in the past week, with a monthly gain of 16.89% and a quarterly increase of 15.17%. The volatility ratio for the week is 2.42%, and the volatility levels for the last 30 days are 2.13% for RB Global Inc. (RBA). The simple moving average for the last 20 days is 5.80% for RBA stock, with a simple moving average of 13.44% for the last 200 days.
Analysts’ Opinion of RBA
Many brokerage firms have already submitted their reports for RBA stocks, with Raymond James repeating the rating for RBA by listing it as a “Outperform.” The predicted price for RBA in the upcoming period, according to Raymond James is $75 based on the research report published on July 20, 2023 of the current year 2023.
RBA Trading at 7.10% from the 50-Day Moving Average
After a stumble in the market that brought RBA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.85% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +16.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.52% upper at present.
During the last 5 trading sessions, RBA fell by -1.22%, which changed the moving average for the period of 200-days by +23.40% in comparison to the 20-day moving average, which settled at $62.60. In addition, RB Global Inc. saw 16.07% 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 RBA starting from O’Day Timothy J., who purchase 1,500 shares at the price of $65.52 back on Sep 14. After this action, O’Day Timothy J. now owns 1,500 shares of RB Global Inc., valued at $98,280 using the latest closing price.
CONCORS BARON, the Chief Product & Tech. Officer of RB Global Inc., sale 6,800 shares at $65.11 during a trade that took place back on Sep 13, which means that CONCORS BARON is holding 15,658 shares at $442,748 based on the most recent closing price.
Stock Fundamentals for RBA
Current profitability levels for the company are sitting at:
- +18.46 for the present operating margin
- +49.60 for the gross margin
The net margin for RB Global Inc. stands at +18.44. The total capital return value is set at 12.83, while invested capital returns managed to touch 13.00. Equity return is now at value 4.30, with 1.80 for asset returns.
Based on RB Global Inc. (RBA), the company’s capital structure generated 58.20 points at debt to equity in total, while total debt to capital is 36.79. Total debt to assets is 26.21, with long-term debt to equity ratio resting at 54.62. Finally, the long-term debt to capital ratio is 34.52.
When we switch over and look at the enterprise to sales, we see a ratio of 5.68, with the company’s debt to enterprise value settled at 0.11. The receivables turnover for the company is 9.77 and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
In summary, RB Global Inc. (RBA) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
