RCM Technologies, Inc. (NASDAQ: RCMT)’s stock price has soared by 7.98 in relation to previous closing price of 19.29. Nevertheless, the company has seen a gain of 7.65% in its stock price over the last five trading days. GlobeNewsWire reported 2024-03-11 that PENNSAUKEN, N.J., March 11, 2024 (GLOBE NEWSWIRE) — RCM Technologies, Inc. (NasdaqGM: RCMT) will hold a conference call on Thursday, March 14, 2024 at 11:00 a.m. Eastern time to discuss the financial results for the thirteen and fifty-two weeks ended December 30, 2023. The teleconference dial-in numbers are (800) 285-6670 for domestic callers and (713) 936-6995 for international callers.
Is It Worth Investing in RCM Technologies, Inc. (NASDAQ: RCMT) Right Now?
RCM Technologies, Inc. (NASDAQ: RCMT) has a price-to-earnings ratio of 10.15x that is above its average ratio. Additionally, the 36-month beta value for RCMT is 0.71. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RCMT is 4.99M and currently, short sellers hold a 4.19% ratio of that float. The average trading volume of RCMT on May 10, 2024 was 89.25K shares.
RCMT’s Market Performance
RCMT’s stock has seen a 7.65% increase for the week, with a 6.28% rise in the past month and a -25.15% fall in the past quarter. The volatility ratio for the week is 2.90%, and the volatility levels for the past 30 days are at 2.77% for RCM Technologies, Inc. The simple moving average for the past 20 days is 8.80% for RCMT’s stock, with a -10.55% simple moving average for the past 200 days.
Analysts’ Opinion of RCMT
Many brokerage firms have already submitted their reports for RCMT stocks, with B. Riley Securities repeating the rating for RCMT by listing it as a “Buy.” The predicted price for RCMT in the upcoming period, according to B. Riley Securities is $23 based on the research report published on August 15, 2022 of the previous year 2022.
B. Riley FBR, on the other hand, stated in their research note that they expect to see RCMT reach a price target of $2, previously predicting the price at $4. The rating they have provided for RCMT stocks is “Neutral” according to the report published on March 17th, 2020.
The Benchmark Company gave a rating of “Buy” to RCMT, setting the target price at $7 in the report published on July 13th of the previous year.
RCMT Trading at -5.09% from the 50-Day Moving Average
After a stumble in the market that brought RCMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.21% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.90%, as shares surge +6.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.69% lower at present.
During the last 5 trading sessions, RCMT rose by +7.65%, which changed the moving average for the period of 200-days by +6.28% in comparison to the 20-day moving average, which settled at $19.21. In addition, RCM Technologies, Inc. saw -28.27% 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 RCMT starting from MILLER KEVIN D, who sale 1,400 shares at the price of $32.00 back on Jan 08 ’24. After this action, MILLER KEVIN D now owns 453,600 shares of RCM Technologies, Inc., valued at $44,800 using the latest closing price.
Vizi Bradley, the Executive Chairman & President of RCM Technologies, Inc., sale 848 shares at $30.01 during a trade that took place back on Dec 29 ’23, which means that Vizi Bradley is holding 1,503,488 shares at $25,448 based on the most recent closing price.
Stock Fundamentals for RCMT
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.29 for the gross margin
The net margin for RCM Technologies, Inc. stands at 0.06. The total capital return value is set at 0.38. Equity return is now at value 58.53, with 15.55 for asset returns.
Based on RCM Technologies, Inc. (RCMT), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 1.23. The interest coverage ratio of the stock is 16.94.
Currently, EBITDA for the company is 25.43 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 0.72. The receivables turnover for the company is 3.31for trailing twelve months and the total asset turnover is 2.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
In conclusion, RCM Technologies, Inc. (RCMT) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
