The price-to-earnings ratio for Radnet Inc (NASDAQ: RDNT) is above average at 164.93x, Company’s 36-month beta value is 1.73.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RDNT is 63.73M, and currently, short sellers hold a 5.09% ratio of that floaft. The average trading volume of RDNT on May 10, 2024 was 590.77K shares.
RDNT) stock’s latest price update
Radnet Inc (NASDAQ: RDNT) has experienced a rise in its stock price by 5.81 compared to its previous closing price of 50.63. However, the company has seen a gain of 3.70% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-08 that RadNet (RDNT) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of a loss of $0.09 per share. This compares to loss of $0.08 per share a year ago.
RDNT’s Market Performance
RDNT’s stock has risen by 3.70% in the past week, with a monthly rise of 10.34% and a quarterly rise of 49.76%. The volatility ratio for the week is 4.51% while the volatility levels for the last 30 days are 3.06% for Radnet Inc The simple moving average for the last 20 days is 8.92% for RDNT’s stock, with a simple moving average of 46.86% for the last 200 days.
Analysts’ Opinion of RDNT
Many brokerage firms have already submitted their reports for RDNT stocks, with Barclays repeating the rating for RDNT by listing it as a “Equal Weight.” The predicted price for RDNT in the upcoming period, according to Barclays is $48 based on the research report published on March 06, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see RDNT reach a price target of $40. The rating they have provided for RDNT stocks is “Buy” according to the report published on August 31st, 2023.
CJS Securities gave a rating of “Market Outperform” to RDNT, setting the target price at $30 in the report published on March 31st of the previous year.
RDNT Trading at 12.56% from the 50-Day Moving Average
After a stumble in the market that brought RDNT to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.55% of gains for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 4.51%, as shares surge +8.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.74% upper at present.
During the last 5 trading sessions, RDNT rose by +3.70%, which changed the moving average for the period of 200-days by +58.58% in comparison to the 20-day moving average, which settled at $49.40. In addition, Radnet Inc saw 54.07% 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 RDNT starting from Murdock Michael N, who sale 10,115 shares at the price of $35.02 back on Dec 05 ’23. After this action, Murdock Michael N now owns 68,432 shares of Radnet Inc, valued at $354,227 using the latest closing price.
Gordon Christine Nayoma, the Director of Radnet Inc, sale 3,000 shares at $32.40 during a trade that took place back on Nov 27 ’23, which means that Gordon Christine Nayoma is holding 10,385 shares at $97,200 based on the most recent closing price.
Stock Fundamentals for RDNT
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.12 for the gross margin
The net margin for Radnet Inc stands at 0.01. The total capital return value is set at 0.04. Equity return is now at value 3.54, with 0.79 for asset returns.
Based on Radnet Inc (RDNT), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.4. The interest coverage ratio of the stock is 1.66.
Currently, EBITDA for the company is 282.49 million with net debt to EBITDA at 3.76. When we switch over and look at the enterprise to sales, we see a ratio of 3.16. The receivables turnover for the company is 8.55for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.
Conclusion
In a nutshell, Radnet Inc (RDNT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
