The stock of Reliance Inc. (RS) has seen a -8.75% decrease in the past week, with a -11.84% drop in the past month, and a 4.18% flourish in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 1.94% for RS. The simple moving average for the last 20 days is -11.08% for RS stock, with a simple moving average of 1.99% for the last 200 days.
Is It Worth Investing in Reliance Inc. (NYSE: RS) Right Now?
Reliance Inc. (NYSE: RS) has a price-to-earnings ratio that is above its average at 12.92x. The stock has a 36-month beta value of 0.89. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for RS is 56.99M, and at present, short sellers hold a 1.19% of that float. On April 26, 2024, the average trading volume of RS was 246.33K shares.
RS) stock’s latest price update
The stock price of Reliance Inc. (NYSE: RS) has plunged by -6.83 when compared to previous closing price of 313.56, but the company has seen a -8.75% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-25 that Reliance, Inc. (NYSE:RS ) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Kim Orlando – ADDO Investor Relations Karla Lewis – President and Chief Executive Officer Steve Koch – Executive Vice President and Chief Operating Officer Arthur Ajemyan – Senior Vice President and Chief Financial Officer Conference Call Participants Phil Gibbs – KeyBanc Capital Markets Martin Englert – Seaport Search Partners Timna Tanners – Wolfe Research Operator Greetings, and welcome to Reliance, Inc. First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Analysts’ Opinion of RS
Many brokerage firms have already submitted their reports for RS stocks, with Citigroup repeating the rating for RS by listing it as a “Neutral.” The predicted price for RS in the upcoming period, according to Citigroup is $380 based on the research report published on April 11, 2024 of the current year 2024.
BofA Securities gave a rating of “Neutral” to RS, setting the target price at $231 in the report published on January 04th of the previous year.
RS Trading at -9.88% from the 50-Day Moving Average
After a stumble in the market that brought RS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.63% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -13.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.06% upper at present.
During the last 5 trading sessions, RS fell by -8.75%, which changed the moving average for the period of 200-days by +3.49% in comparison to the 20-day moving average, which settled at $326.28. In addition, Reliance Inc. saw 4.45% 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 RS starting from Ajemyan Arthur, who sale 3,000 shares at the price of $322.95 back on Mar 06 ’24. After this action, Ajemyan Arthur now owns 15,577 shares of Reliance Inc., valued at $968,850 using the latest closing price.
HOFFMAN JAMES DONALD, the Director of Reliance Inc., sale 40,000 shares at $322.95 during a trade that took place back on Feb 27 ’24, which means that HOFFMAN JAMES DONALD is holding 54,042 shares at $12,917,867 based on the most recent closing price.
Stock Fundamentals for RS
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.3 for the gross margin
The net margin for Reliance Inc. stands at 0.09. The total capital return value is set at 0.18. Equity return is now at value 18.04, with 12.76 for asset returns.
Based on Reliance Inc. (RS), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 1.21. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 43.38.
Currently, EBITDA for the company is 1.98 billion with net debt to EBITDA at 0.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.16. The receivables turnover for the company is 8.78for trailing twelve months and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.66.
Conclusion
To sum up, Reliance Inc. (RS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
