The 36-month beta value for RDUS is at 1.53. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for RDUS is 25.68M, and currently, shorts hold a 1.63% of that float. The average trading volume for RDUS on October 18, 2024 was 180.33K shares.
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RDUS) stock’s latest price update
Radius Recycling Inc. (NASDAQ: RDUS)’s stock price has gone rise by 4.93 in comparison to its previous close of 17.63, however, the company has experienced a 1.54% increase in its stock price over the last five trading days. globenewswire.com reported 2024-09-26 that PORTLAND, Ore., Sept. 26, 2024 (GLOBE NEWSWIRE) — Radius Recycling, Inc. (NASDAQ: RDUS) announced that the Company will report financial results for its fourth quarter and fiscal 2024 ended August 31, 2024 on Thursday, October 24, 2024. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Radius Recycling’s website at www.radiusrecycling.com/company/investors. The call will be hosted by Tamara Lundgren, Chairman and Chief Executive Officer, and Stefano Gaggini, Senior Vice President and Chief Financial Officer.
RDUS’s Market Performance
RDUS’s stock has risen by 1.54% in the past week, with a monthly rise of 7.93% and a quarterly rise of 10.18%. The volatility ratio for the week is 3.67% while the volatility levels for the last 30 days are 3.93% for Radius Recycling Inc. The simple moving average for the past 20 days is 1.57% for RDUS’s stock, with a -1.76% simple moving average for the past 200 days.
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 13.51% 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 -41.64% of loss for the given period.
Volatility was left at 3.93%, however, over the last 30 days, the volatility rate increased by 3.67%, as shares surge +2.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.47% upper at present.
During the last 5 trading sessions, RDUS rose by +1.54%, which changed the moving average for the period of 200-days by -39.08% in comparison to the 20-day moving average, which settled at $18.21. In addition, Radius Recycling Inc. saw -38.66% 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:
- -0.01 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 0.28. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is -1.26.
Currently, EBITDA for the company is 38.31 million with net debt to EBITDA at 16.1. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The receivables turnover for the company is 11.5for trailing twelve months and the total asset turnover is 1.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.98.
Conclusion
In conclusion, Radius Recycling Inc. (RDUS) has had a mixed 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.
