The stock of Radius Recycling Inc. (RDUS) has seen a 9.54% increase in the past week, with a -6.05% drop in the past month, and a -21.34% decrease in the past quarter. The volatility ratio for the week is 6.96%, and the volatility levels for the past 30 days are at 4.51% for RDUS. The simple moving average for the past 20 days is 3.36% for RDUS’s stock, with a -30.06% simple moving average for the past 200 days.
Is It Worth Investing in Radius Recycling Inc. (NASDAQ: RDUS) Right Now?
The 36-month beta value for RDUS is also noteworthy at 1.56. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RDUS is 25.50M, and at present, short sellers hold a 3.07% of that float. The average trading volume of RDUS on July 04, 2024 was 291.90K shares.
RDUS) stock’s latest price update
The stock price of Radius Recycling Inc. (NASDAQ: RDUS) has jumped by 8.04 compared to previous close of 14.67. Despite this, the company has seen a gain of 9.54% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-02 that Radius Recycling, Inc. (NASDAQ:RDUS ) Q3 2024 Earnings Conference Call July 2, 2024 11:30 AM ET Company Participants Michael Bennett – Vice President, Investor Relations Tamara Lundgren – Chairman and Chief Executive Officer Stefano Gaggini – Chief Financial Officer Conference Call Participants Martin Englert – Seaport Research Partners Samuel McKinney – KeyBanc Capital Markets Operator Good day and thank you for standing by. Welcome to the Radius Recycling’s Third Quarter 2024 Earnings Release Call and Webcast.
Analysts’ Opinion of RDUS
Seaport Research Partners, on the other hand, stated in their research note that they expect to see RDUS reach a price target of $17.50. The rating they have provided for RDUS stocks is “Sell” according to the report published on February 28th, 2024.
RDUS Trading at -6.29% from the 50-Day Moving Average
After a stumble in the market that brought RDUS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.74% of loss for the given period.
Volatility was left at 4.51%, however, over the last 30 days, the volatility rate increased by 6.96%, as shares sank -1.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.56% lower at present.
During the last 5 trading sessions, RDUS rose by +9.74%, which changed the moving average for the period of 200-days by -44.92% in comparison to the 20-day moving average, which settled at $15.32. In addition, Radius Recycling Inc. saw -47.45% 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 RDUS starting from Gaggini Stefano R., who sale 1,021 shares at the price of $18.57 back on May 06 ’24. After this action, Gaggini Stefano R. now owns 76,255 shares of Radius Recycling Inc., valued at $18,960 using the latest closing price.
Souza Brian, the SVP, Chief Ops Mgmt Officer of Radius Recycling Inc., sale 4,500 shares at $23.49 during a trade that took place back on Nov 10 ’23, which means that Souza Brian is holding 18,767 shares at $105,705 based on the most recent closing price.
Stock Fundamentals for RDUS
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.1 for the gross margin
The net margin for Radius Recycling Inc. stands at -0.01. The total capital return value is set at -0.01. Equity return is now at value -34.96, with -16.15 for asset returns.
Based on Radius Recycling Inc. (RDUS), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is -0.53.
Currently, EBITDA for the company is 38.31 million with net debt to EBITDA at 11.68. When we switch over and look at the enterprise to sales, we see a ratio of 0.28. The receivables turnover for the company is 15.44for trailing twelve months and the total asset turnover is 1.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.98.
Conclusion
In summary, Radius Recycling Inc. (RDUS) 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.
