Robert Half Inc (NYSE: RHI) has experienced a decline in its stock price by -1.97 compared to its previous closing price of 70.70. However, the company has seen a fall of -5.02% in its stock price over the last five trading days. InvestorPlace reported 2024-03-25 that When assessing the viability of contrarian stocks, it’s generally better to go against the crowd, not against analysts. Retail investors can sometimes get sucked into groupthink.
Is It Worth Investing in Robert Half Inc (NYSE: RHI) Right Now?
Robert Half Inc (NYSE: RHI) has a higher price-to-earnings ratio of 17.90x compared to its average ratio, The 36-month beta value for RHI is at 1.29. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for RHI is 102.06M, and currently, shorts hold a 5.40% of that float. The average trading volume for RHI on April 18, 2024 was 1.03M shares.
RHI’s Market Performance
RHI stock saw a decrease of -5.02% in the past week, with a monthly decline of -11.65% and a quarterly a decrease of -13.28%. The volatility ratio for the week is 2.07%, and the volatility levels for the last 30 days are 1.81% for Robert Half Inc (RHI).. The simple moving average for the past 20 days is -9.13% for RHI’s stock, with a -11.54% simple moving average for the past 200 days.
Analysts’ Opinion of RHI
Many brokerage firms have already submitted their reports for RHI stocks, with UBS repeating the rating for RHI by listing it as a “Sell.” The predicted price for RHI in the upcoming period, according to UBS is $60 based on the research report published on November 07, 2023 of the previous year 2023.
Redburn, on the other hand, stated in their research note that they expect to see RHI reach a price target of $76. The rating they have provided for RHI stocks is “Neutral” according to the report published on June 20th, 2023.
UBS gave a rating of “Buy” to RHI, setting the target price at $82 in the report published on June 01st of the previous year.
RHI Trading at -11.88% from the 50-Day Moving Average
After a stumble in the market that brought RHI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.59% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 2.07%, as shares sank -11.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.08% lower at present.
During the last 5 trading sessions, RHI fell by -5.02%, which changed the moving average for the period of 200-days by -7.86% in comparison to the 20-day moving average, which settled at $75.81. In addition, Robert Half Inc saw -21.17% 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 RHI starting from GLASS ROBERT W, who sale 7,500 shares at the price of $80.46 back on Mar 07 ’24. After this action, GLASS ROBERT W now owns 186,062 shares of Robert Half Inc, valued at $603,460 using the latest closing price.
GLASS ROBERT W, the Executive Vice President of Robert Half Inc, sale 15,365 shares at $81.46 during a trade that took place back on Nov 30 ’23, which means that GLASS ROBERT W is holding 194,562 shares at $1,251,616 based on the most recent closing price.
Stock Fundamentals for RHI
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.4 for the gross margin
The net margin for Robert Half Inc stands at 0.06. The total capital return value is set at 0.21. Equity return is now at value 26.05, with 13.76 for asset returns.
Based on Robert Half Inc (RHI), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 6.34.
Currently, EBITDA for the company is 430.82 million with net debt to EBITDA at -1.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.06. The receivables turnover for the company is 7.43for trailing twelve months and the total asset turnover is 2.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
Conclusion
In conclusion, Robert Half Inc (RHI) 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.
