Rogers Communications Inc. (RCI) Shares Plummet Below 1-Year High

Rogers Communications Inc. (NYSE: RCI)’s stock price has plunge by -0.60relation to previous closing price of 39.80. Nevertheless, the company has seen a -3.72% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Is It Worth Investing in Rogers Communications Inc. (NYSE: RCI) Right Now?

Rogers Communications Inc. (NYSE: RCI) has a higher price-to-earnings ratio of 32.59x compared to its average ratio, The 36-month beta value for RCI is at 0.62. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for RCI is 375.60M, and currently, shorts hold a 1.68% of that float. The average trading volume for RCI on April 04, 2024 was 464.80K shares.

RCI’s Market Performance

The stock of Rogers Communications Inc. (RCI) has seen a -3.72% decrease in the past week, with a -10.90% drop in the past month, and a -14.96% fall in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 1.65% for RCI. The simple moving average for the last 20 days is -6.75% for RCI stock, with a simple moving average of -8.02% for the last 200 days.

Analysts’ Opinion of RCI

Barclays gave a rating of “Overweight” to RCI, setting the target price at $55 in the report published on May 08th of the previous year.

RCI Trading at -11.26% from the 50-Day Moving Average

After a stumble in the market that brought RCI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.88% of loss for the given period.

Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares sank -9.70% 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, RCI fell by -3.72%, which changed the moving average for the period of 200-days by -10.50% in comparison to the 20-day moving average, which settled at $42.21. In addition, Rogers Communications Inc. saw -15.49% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for RCI

Current profitability levels for the company are sitting at:

  • 0.21 for the present operating margin
  • 0.38 for the gross margin

The net margin for Rogers Communications Inc. stands at 0.04. The total capital return value is set at 0.07. Equity return is now at value 8.15, with 1.34 for asset returns.

Based on Rogers Communications Inc. (RCI), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 4.13. The interest coverage ratio of the stock is 1.95.

Currently, EBITDA for the company is 8.65 billion with net debt to EBITDA at 5.37. When we switch over and look at the enterprise to sales, we see a ratio of 3.77. The receivables turnover for the company is 3.55for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.

Conclusion

In conclusion, Rogers Communications Inc. (RCI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.

Related Posts