The price-to-earnings ratio for R1 RCM Inc. (NASDAQ: RCM) is 1719.72x, which is above its average ratio. Moreover, the 36-month beta value for RCM is 0.78. Analysts have varying opinions 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 7.95% of that float. On April 17, 2024, RCM’s average trading volume was 3.83M shares.
RCM) stock’s latest price update
The stock price of R1 RCM Inc. (NASDAQ: RCM) has plunged by -0.97 when compared to previous closing price of 12.33, but the company has seen a -5.13% decline 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.
RCM’s Market Performance
R1 RCM Inc. (RCM) has experienced a -5.13% fall in stock performance for the past week, with a -9.69% drop in the past month, and a 30.03% rise in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are at 2.82% for RCM. The simple moving average for the past 20 days is -4.72% for RCM’s stock, with a -8.15% simple moving average for the past 200 days.
Analysts’ Opinion of RCM
Citigroup, on the other hand, stated in their research note that they expect to see RCM reach a price target of $16. The rating they have provided for RCM stocks is “Buy” according to the report published on March 20th, 2024.
Leerink Partners gave a rating of “Outperform” to RCM, setting the target price at $14 in the report published on February 26th of the current year.
RCM Trading at -2.72% 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 -34.72% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares sank -7.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.16% upper at present.
During the last 5 trading sessions, RCM fell by -5.13%, which changed the moving average for the period of 200-days by -33.61% in comparison to the 20-day moving average, which settled at $12.77. In addition, R1 RCM Inc. saw 15.52% 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 2.97. 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 wrap up, the performance of R1 RCM Inc. (RCM) has been mixed 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.
