The 36-month beta value for RDNT is also noteworthy at 1.81. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RDNT is 65.07M, and at present, short sellers hold a 6.16% of that float. The average trading volume of RDNT on January 15, 2025 was 525.53K shares.
RDNT) stock’s latest price update
Radnet Inc (NASDAQ: RDNT) has seen a decline in its stock price by -6.20 in relation to its previous close of 65.65. However, the company has experienced a -14.98% decline in its stock price over the last five trading sessions. globenewswire.com reported 2025-01-08 that LOS ANGELES, Jan. 08, 2025 (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, today announced that Dr. Howard Berger, President and Chief Executive Officer, Mark Stolper, Executive Vice President and Chief Financial Officer and Dr. Gregory Sorensen, Executive Vice President and Chief Science Officer will be presenting at the 43rd Annual J.P. Morgan Healthcare Conference in San Francisco, CA on Wednesday, January 15, 2025 at 3:00 p.m. PST.
RDNT’s Market Performance
Radnet Inc (RDNT) has seen a -14.98% fall in stock performance for the week, with a -21.51% decline in the past month and a -12.80% plunge in the past quarter. The volatility ratio for the week is 3.97%, and the volatility levels for the past 30 days are at 3.54% for RDNT. The simple moving average for the past 20 days is -13.48% for RDNT’s stock, with a -3.76% 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 previous 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 -18.65% 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 -34.24% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 3.97%, as shares sank -23.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.34% lower at present.
During the last 5 trading sessions, RDNT fell by -16.79%, which changed the moving average for the period of 200-days by +23.86% in comparison to the 20-day moving average, which settled at $71.11. In addition, Radnet Inc saw -11.83% 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 RDNT starting from Katz David Jeffrey, who sale 12,300 shares at the price of $81.65 back on Nov 25 ’24. After this action, Katz David Jeffrey now owns 62,909 shares of Radnet Inc, valued at $1,004,252 using the latest closing price.
Katz David Jeffrey, the Officer of Radnet Inc, proposed sale 12,300 shares at $82.04 during a trade that took place back on Nov 25 ’24, which means that Katz David Jeffrey is holding shares at $1,009,092 based on the most recent closing price.
Stock Fundamentals for RDNT
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.3 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 -0.58, with -0.15 for asset returns.
Based on Radnet Inc (RDNT), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.94. The interest coverage ratio of the stock is 1.44.
Currently, EBITDA for the company is 292.79 million with net debt to EBITDA at 1.62. When we switch over and look at the enterprise to sales, we see a ratio of 3.14. The receivables turnover for the company is 8.91for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.16.
Conclusion
In summary, Radnet Inc (RDNT) has had a bad performance as of late. Analysts have bullish 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.
