RB Global Inc (NYSE: RBA) has experienced a rise in its stock price by 1.32 compared to its previous closing price of 91.16. However, the company has seen a gain of 3.38% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-08 that RB Global, Inc. (NYSE:RBA ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Sameer Rathod – VP IR & Market Intelligence James Kessler – CEO Eric Guerin – CFO Conference Call Participants Sabahat Khan – RBC Capital Markets Krista Friesen – CIBC Gary Prestopino – Barrington Research Craig Kennison – Baird Michael Feniger – BoA Maxim Sytchev – MDS John Healy – Northcoast John Gibson – BMO Capital Markets Operator Thank you for standing by. My name is Janine, and I will be your conference operator for today.
Is It Worth Investing in RB Global Inc (NYSE: RBA) Right Now?
The price-to-earnings ratio for RB Global Inc (NYSE: RBA) is 50.25x, which is above its average ratio. Moreover, the 36-month beta value for RBA is 0.92. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for RBA is 183.95M and currently, short sellers hold a 2.74% of that float. On November 15, 2024, RBA’s average trading volume was 753.22K shares.
RBA’s Market Performance
RBA’s stock has seen a 3.38% increase for the week, with a 17.34% rise in the past month and a 12.28% gain in the past quarter. The volatility ratio for the week is 3.62%, and the volatility levels for the past 30 days are at 2.42% for RB Global Inc The simple moving average for the last 20 days is 5.53% for RBA’s stock, with a simple moving average of 18.25% for the last 200 days.
Analysts’ Opinion of RBA
Many brokerage firms have already submitted their reports for RBA stocks, with BMO Capital Markets repeating the rating for RBA by listing it as a “Outperform.” The predicted price for RBA in the upcoming period, according to BMO Capital Markets is $105 based on the research report published on September 05, 2024 of the current year 2024.
Raymond James gave a rating of “Outperform” to RBA, setting the target price at $75 in the report published on July 20th of the previous year.
RBA Trading at 9.56% from the 50-Day Moving Average
After a stumble in the market that brought RBA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.63% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 3.62%, as shares surge +14.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.24% upper at present.
During the last 5 trading sessions, RBA rose by +3.38%, which changed the moving average for the period of 200-days by +44.38% in comparison to the 20-day moving average, which settled at $87.52. In addition, RB Global Inc saw 38.08% 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 RBA starting from KESSLER JAMES FRANCIS, who sale 17,883 shares at the price of $84.19 back on Sep 23 ’24. After this action, KESSLER JAMES FRANCIS now owns 86,247 shares of RB Global Inc, valued at $1,505,570 using the latest closing price.
KESSLER JAMES FRANCIS, the Officer of RB Global Inc, proposed sale 17,883 shares at $84.19 during a trade that took place back on Sep 23 ’24, which means that KESSLER JAMES FRANCIS is holding shares at $1,505,570 based on the most recent closing price.
Stock Fundamentals for RBA
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.4 for the gross margin
The net margin for RB Global Inc stands at 0.09. The total capital return value is set at 0.07. Equity return is now at value 7.15, with 3.16 for asset returns.
Based on RB Global Inc (RBA), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 3.1.
Currently, EBITDA for the company is 975.87 million with net debt to EBITDA at 2.68. When we switch over and look at the enterprise to sales, we see a ratio of 4.89. The receivables turnover for the company is 5.71for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
To wrap up, the performance of RB Global Inc (RBA) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
