Radnet Inc (NASDAQ: RDNT) has a price-to-earnings ratio that is above its average at 457.97x. The stock has a 36-month beta value of 1.75. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RDNT is 63.74M, and at present, short sellers hold a 4.68% of that float. On September 13, 2024, the average trading volume of RDNT was 604.05K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
RDNT) stock’s latest price update
Radnet Inc (NASDAQ: RDNT) has seen a rise in its stock price by 7.91 in relation to its previous close of 62.30. However, the company has experienced a 6.39% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-12 that LOS ANGELES, Sept. 12, 2024 (GLOBE NEWSWIRE) — RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of fully-owned and operated outpatient imaging centers and digital health solutions, announced today the appointment of Kees Wesdorp as President and Chief Executive Officer of RadNet’s Digital Health division and a member of the RadNet executive management team. Mr. Wesdorp will assume leadership for the company’s Digital Health products and services, including the current portfolio of radiology informatics (eRAD Radiology Information/Image Management Systems and DeepHealth OS) and clinical Artificial Intelligence (AI) solutions in breast, prostate, lung and neuro marketed under the DeepHealth brand.
RDNT’s Market Performance
RDNT’s stock has risen by 6.39% in the past week, with a monthly rise of 6.28% and a quarterly rise of 8.87%. The volatility ratio for the week is 7.64% while the volatility levels for the last 30 days are 4.39% for Radnet Inc The simple moving average for the past 20 days is 5.97% for RDNT’s stock, with a 35.82% simple moving average for the past 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 “Overweight.” The predicted price for RDNT in the upcoming period, according to Barclays is $79 based on the research report published on September 06, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see RDNT reach a price target of $48. The rating they have provided for RDNT stocks is “Equal Weight” according to the report published on March 06th, 2024.
Truist gave a rating of “Buy” to RDNT, setting the target price at $40 in the report published on August 31st of the previous year.
RDNT Trading at 9.03% 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 unable to rebound, for now settling with -1.03% of loss for the given period.
Volatility was left at 4.39%, however, over the last 30 days, the volatility rate increased by 7.64%, as shares surge +7.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.93% upper at present.
During the last 5 trading sessions, RDNT rose by +6.39%, which changed the moving average for the period of 200-days by +107.76% in comparison to the 20-day moving average, which settled at $63.67. In addition, Radnet Inc saw 93.36% 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 15,000 shares at the price of $62.78 back on Aug 21 ’24. After this action, Murdock Michael N now owns 48,144 shares of Radnet Inc, valued at $941,702 using the latest closing price.
Murdock Michael N, the Officer of Radnet Inc, proposed sale 15,000 shares at $62.50 during a trade that took place back on Aug 20 ’24, which means that Murdock Michael N is holding shares at $937,500 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
- 0.08 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 1.35, with 0.33 for asset returns.
Based on Radnet Inc (RDNT), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.23. The interest coverage ratio of the stock is 1.64.
Currently, EBITDA for the company is 282.49 million with net debt to EBITDA at 3.21. When we switch over and look at the enterprise to sales, we see a ratio of 3.47. The receivables turnover for the company is 7.63for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
To sum up, Radnet Inc (RDNT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
