The stock of Resources Connection Inc (RGP) has seen a -11.79% decrease in the past week, with a -14.79% drop in the past month, and a -15.85% decrease in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are at 2.71% for RGP. The simple moving average for the past 20 days is -12.51% for RGP’s stock, with a -20.07% simple moving average for the past 200 days.
Is It Worth Investing in Resources Connection Inc (NASDAQ: RGP) Right Now?
Resources Connection Inc (NASDAQ: RGP) has a higher price-to-earnings ratio of 17.48x compared to its average ratio. RGP has 36-month beta value of 0.62. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RGP is 31.39M, and currently, short sellers hold a 5.80% ratio of that float. The average trading volume of RGP on April 04, 2024 was 436.04K shares.
RGP) stock’s latest price update
Resources Connection Inc (NASDAQ: RGP) has seen a decline in its stock price by -6.19 in relation to its previous close of 12.28. However, the company has experienced a -11.79% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-03 that Resources Connection, Inc. (NASDAQ:RGP ) Q3 2024 Results Conference Call April 3, 2024 5:00 PM ET Company Participants Kate Duchene – CEO Jenn Ryu – CFO Conference Call Participants Mark Marcon – Baird Andrew Steinerman – JPMorgan Marc Riddick – Sidoti Operator Good afternoon, ladies and gentlemen, and welcome to Resources Connections, Inc. Conference Call. Currently, all participants are in a listen-only mode.
Analysts’ Opinion of RGP
Many brokerage firms have already submitted their reports for RGP stocks, with BofA Securities repeating the rating for RGP by listing it as a “Neutral.” The predicted price for RGP in the upcoming period, according to BofA Securities is $58 based on the research report published on November 15, 2022 of the previous year 2022.
Sidoti, on the other hand, stated in their research note that they expect to see RGP reach a price target of $15. The rating they have provided for RGP stocks is “Buy” according to the report published on June 19th, 2020.
RGP Trading at -13.71% from the 50-Day Moving Average
After a stumble in the market that brought RGP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.18% of loss for the given period.
Volatility was left at 2.71%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares sank -17.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.42% lower at present.
During the last 5 trading sessions, RGP fell by -13.67%, which changed the moving average for the period of 200-days by -29.58% in comparison to the 20-day moving average, which settled at $13.05. In addition, Resources Connection Inc saw -18.70% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RGP starting from White David P, who sale 2,753 shares at the price of $13.34 back on Oct 31 ’23. After this action, White David P now owns 10,915 shares of Resources Connection Inc, valued at $36,711 using the latest closing price.
Brackney Timothy L, the President and COO of Resources Connection Inc, sale 10,055 shares at $16.20 during a trade that took place back on Aug 04 ’23, which means that Brackney Timothy L is holding 148,514 shares at $162,909 based on the most recent closing price.
Stock Fundamentals for RGP
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.39 for the gross margin
The net margin for Resources Connection Inc stands at 0.04. The total capital return value is set at 0.09. Equity return is now at value 5.44, with 4.23 for asset returns.
Based on Resources Connection Inc (RGP), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 3.4. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -71.12.
Currently, EBITDA for the company is 87.25 million with net debt to EBITDA at -1.62. When we switch over and look at the enterprise to sales, we see a ratio of 0.43. The receivables turnover for the company is 5.42for trailing twelve months and the total asset turnover is 1.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.79.
Conclusion
To put it simply, Resources Connection Inc (RGP) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
