Additionally, the 36-month beta value for RGP is 0.64. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for RGP is 31.83M and currently, short sellers hold a 2.64% ratio of that float. The average trading volume of RGP on January 20, 2025 was 341.57K shares.
RGP) stock’s latest price update
The stock price of Resources Connection Inc (NASDAQ: RGP) has dropped by -0.70 compared to previous close of 8.56. Despite this, the company has seen a gain of 1.80% in its stock price over the last five trading days. businesswire.com reported 2025-01-16 that DALLAS–(BUSINESS WIRE)–Resources Connection, Inc. (Nasdaq: RGP) (the “Company”) announced today that the Board of Directors has approved a cash dividend of $0.14 per share, payable on March 14, 2025 to all stockholders of record on February 14, 2025. ABOUT RGP RGP is a professional services firm that powers the operational needs and change initiatives of its client base utilizing a combination of three distinct engagement brands: On-Demand by RGPTM: Our on-demand talent solutions, providing b.
RGP’s Market Performance
RGP’s stock has risen by 1.80% in the past week, with a monthly rise of 3.22% and a quarterly drop of -0.93%. The volatility ratio for the week is 3.49% while the volatility levels for the last 30 days are 4.08% for Resources Connection Inc The simple moving average for the past 20 days is 0.50% for RGP’s stock, with a -14.07% simple moving average for the past 200 days.
Analysts’ Opinion of RGP
Many brokerage firms have already submitted their reports for RGP stocks, with BofA Securities repeating the rating for RGP by listing it as a “Neutral.” The predicted price for RGP in the upcoming period, according to BofA Securities is $58 based on the research report published on November 15, 2022 of the previous year 2022.
Sidoti, on the other hand, stated in their research note that they expect to see RGP reach a price target of $15. The rating they have provided for RGP stocks is “Buy” according to the report published on June 19th, 2020.
RGP Trading at -0.14% from the 50-Day Moving Average
After a stumble in the market that brought RGP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.52% of loss for the given period.
Volatility was left at 4.08%, however, over the last 30 days, the volatility rate increased by 3.49%, as shares surge +1.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.38% upper at present.
During the last 5 trading sessions, RGP rose by +1.80%, which changed the moving average for the period of 200-days by -32.54% in comparison to the 20-day moving average, which settled at $8.46. In addition, Resources Connection Inc saw -0.35% 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 RGP starting from MURRAY DONALD B, who proposed sale 277,014 shares at the price of $10.18 back on Aug 29 ’24. After this action, MURRAY DONALD B now owns shares of Resources Connection Inc, valued at $2,820,003 using the latest closing price.
MURRAY DONALD B, the Officer of Resources Connection Inc, proposed sale 250,000 shares at $10.18 during a trade that took place back on Aug 29 ’24, which means that MURRAY DONALD B is holding shares at $2,545,000 based on the most recent closing price.
Stock Fundamentals for RGP
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.37 for the gross margin
The net margin for Resources Connection Inc stands at -0.11. The total capital return value is set at -0.18. Equity return is now at value -16.61, with -12.93 for asset returns.
Based on Resources Connection Inc (RGP), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91.
Currently, EBITDA for the company is 38.26 million with net debt to EBITDA at 0.83. When we switch over and look at the enterprise to sales, we see a ratio of 0.4. The receivables turnover for the company is 5.06for trailing twelve months and the total asset turnover is 1.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.74.
Conclusion
In conclusion, Resources Connection Inc (RGP) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
