R1 RCM Inc. (NASDAQ: RCM)’s stock price has increased by 2.15 compared to its previous closing price of 12.77. However, the company has seen a 3.45% increase in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-01 that MURRAY, Utah, April 01, 2024 (GLOBE NEWSWIRE) — R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, today announced it expects to release financial results for the three months ended March 31, 2024, before market open on Wednesday, May 8, 2024 and host a conference call at 8:00 a.m. ET to review the results.
Is It Worth Investing in R1 RCM Inc. (NASDAQ: RCM) Right Now?
R1 RCM Inc. (NASDAQ: RCM) has a higher price-to-earnings ratio of 1837.32x compared to its average ratio. RCM has 36-month beta value of 0.78. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for RCM is 150.47M, and currently, short sellers hold a 8.27% ratio of that float. The average trading volume of RCM on April 09, 2024 was 4.07M shares.
RCM’s Market Performance
RCM stock saw a decrease of 3.45% in the past week, with a monthly decline of -6.02% and a quarterly a decrease of 32.98%. The volatility ratio for the week is 3.02%, and the volatility levels for the last 30 days are 2.78% for R1 RCM Inc. (RCM). The simple moving average for the last 20 days is -0.56% for RCM stock, with a simple moving average of -2.80% for the last 200 days.
Analysts’ Opinion of RCM
Many brokerage firms have already submitted their reports for RCM stocks, with Citigroup repeating the rating for RCM by listing it as a “Buy.” The predicted price for RCM in the upcoming period, according to Citigroup is $16 based on the research report published on March 20, 2024 of the current year 2024.
Leerink Partners, 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 “Outperform” according to the report published on February 26th, 2024.
Barclays gave a rating of “Overweight” to RCM, setting the target price at $14 in the report published on January 03rd of the current year.
RCM Trading at 5.81% 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 -30.26% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares sank -7.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.31% upper at present.
During the last 5 trading sessions, RCM rose by +2.85%, which changed the moving average for the period of 200-days by -25.42% in comparison to the 20-day moving average, which settled at $13.07. In addition, R1 RCM Inc. saw 23.42% 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 SPARBY JOHN M., who sale 10,046 shares at the price of $14.33 back on Mar 07 ’24. After this action, SPARBY JOHN M. now owns 0 shares of R1 RCM Inc., valued at $143,959 using the latest closing price.
HENNEMAN JOHN B III, the Director of R1 RCM Inc., sale 50,000 shares at $17.17 during a trade that took place back on Aug 08 ’23, which means that HENNEMAN JOHN B III is holding 72,114 shares at $858,650 based on the most recent closing price.
Stock Fundamentals for RCM
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.21 for the gross margin
The net margin for R1 RCM Inc. stands at 0.0. The total capital return value is set at 0.03. Equity return is now at value 0.12, with 0.07 for asset returns.
Based on R1 RCM Inc. (RCM), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 1.17.
Currently, EBITDA for the company is 519.0 million with net debt to EBITDA at 4.12. When we switch over and look at the enterprise to sales, we see a ratio of 3.14. The receivables turnover for the company is 5.94for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.
Conclusion
To put it simply, R1 RCM Inc. (RCM) has had a mixed 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.
