In the past week, RHI stock has gone down by -2.07%, with a monthly decline of -11.68% and a quarterly plunge of -13.79%. The volatility ratio for the week is 2.39%, and the volatility levels for the last 30 days are 1.93% for Robert Half Inc. The simple moving average for the past 20 days is -3.84% for RHI’s stock, with a -10.29% simple moving average for the past 200 days.
Is It Worth Investing in Robert Half Inc (NYSE: RHI) Right Now?
The price-to-earnings ratio for Robert Half Inc (NYSE: RHI) is above average at 20.94x. The 36-month beta value for RHI is also noteworthy at 1.29. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for RHI is 101.97M, and at present, short sellers hold a 5.47% of that float. The average trading volume of RHI on April 30, 2024 was 1.07M shares.
RHI) stock’s latest price update
Robert Half Inc (NYSE: RHI)’s stock price has gone rise by 0.97 in comparison to its previous close of 69.35, however, the company has experienced a -2.07% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-26 that Robert Half’s (RHI) first-quarter 2024 revenues decrease year over year.
Analysts’ Opinion of RHI
Many brokerage firms have already submitted their reports for RHI stocks, with Truist repeating the rating for RHI by listing it as a “Hold.” The predicted price for RHI in the upcoming period, according to Truist is $72 based on the research report published on April 22, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see RHI reach a price target of $60. The rating they have provided for RHI stocks is “Sell” according to the report published on November 07th, 2023.
Redburn gave a rating of “Neutral” to RHI, setting the target price at $76 in the report published on June 20th of the previous year.
RHI Trading at -9.13% 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 -20.78% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares sank -10.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.87% lower at present.
During the last 5 trading sessions, RHI fell by -2.07%, which changed the moving average for the period of 200-days by -14.85% in comparison to the 20-day moving average, which settled at $72.41. In addition, Robert Half Inc saw -20.36% 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:
- 0.05 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 0.18. Equity return is now at value 22.63, with 12.16 for asset returns.
Currently, EBITDA for the company is 430.82 million with net debt to EBITDA at -1.49. When we switch over and look at the enterprise to sales, we see a ratio of 1.11. The receivables turnover for the company is 7.14for trailing twelve months and the total asset turnover is 2.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
Conclusion
In summary, Robert Half Inc (RHI) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
