The stock of LiveRamp Holdings Inc (NYSE: RAMP) has increased by 6.55 when compared to last closing price of 22.21. Despite this, the company has experienced a 8.41% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-14 that SAN FRANCISCO, Aug. 14, 2024 (GLOBE NEWSWIRE) — LiveRamp ® (NYSE: RAMP), the leading data collaboration platform, today announced that its Board of Directors increased the Company’s share repurchase authorization by $200 million to $1.3 billion and extended the expiration by two years to December 31, 2026.
Is It Worth Investing in LiveRamp Holdings Inc (NYSE: RAMP) Right Now?
LiveRamp Holdings Inc (NYSE: RAMP) has a higher price-to-earnings ratio of 281.73x compared to its average ratio, The 36-month beta value for RAMP is at 1.00. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RAMP is 64.51M, and currently, shorts hold a 2.51% of that float. The average trading volume for RAMP on August 15, 2024 was 802.08K shares.
RAMP’s Market Performance
RAMP’s stock has seen a 8.41% increase for the week, with a -26.41% drop in the past month and a -28.09% fall in the past quarter. The volatility ratio for the week is 7.37%, and the volatility levels for the past 30 days are at 3.92% for LiveRamp Holdings Inc The simple moving average for the last 20 days is -14.95% for RAMP stock, with a simple moving average of -29.16% for the last 200 days.
Analysts’ Opinion of RAMP
Many brokerage firms have already submitted their reports for RAMP stocks, with Evercore ISI repeating the rating for RAMP by listing it as a “Outperform.” The predicted price for RAMP in the upcoming period, according to Evercore ISI is $50 based on the research report published on February 01, 2024 of the current year 2024.
The Benchmark Company, on the other hand, stated in their research note that they expect to see RAMP reach a price target of $33. The rating they have provided for RAMP stocks is “Buy” according to the report published on June 21st, 2023.
RAMP Trading at -20.32% from the 50-Day Moving Average
After a stumble in the market that brought RAMP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.53% of loss for the given period.
Volatility was left at 3.92%, however, over the last 30 days, the volatility rate increased by 7.37%, as shares sank -24.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.15% lower at present.
During the last 5 trading sessions, RAMP rose by +8.80%, which changed the moving average for the period of 200-days by -13.19% in comparison to the 20-day moving average, which settled at $27.43. In addition, LiveRamp Holdings Inc saw -37.53% 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 RAMP starting from Bloomston Kimberly, who sale 13,055 shares at the price of $31.11 back on Jun 12 ’24. After this action, Bloomston Kimberly now owns 127,404 shares of LiveRamp Holdings Inc, valued at $406,141 using the latest closing price.
Hussain Mohsin, the CHIEF TECHNOLOGY OFFICER of LiveRamp Holdings Inc, sale 17,299 shares at $31.15 during a trade that took place back on May 29 ’24, which means that Hussain Mohsin is holding 88,546 shares at $538,864 based on the most recent closing price.
Stock Fundamentals for RAMP
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.73 for the gross margin
The net margin for LiveRamp Holdings Inc stands at 0.01. The total capital return value is set at 0.0. Equity return is now at value 0.45, with 0.35 for asset returns.
Based on LiveRamp Holdings Inc (RAMP), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 1.78.
Currently, EBITDA for the company is 46.31 million with net debt to EBITDA at -11.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 3.27for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.09.
Conclusion
In conclusion, LiveRamp Holdings Inc (RAMP) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
