The price of R1 RCM Inc. (NASDAQ: RCM) closed at $14.05 in the last session, down -2.36% from day before closing price of $14.39. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 5023878 shares were traded. RCM stock price reached its highest trading level at $14.65 during the session, while it also had its lowest trading level at $13.96.
Ratios:
We take a closer look at RCM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.80. For the most recent quarter (mrq), Quick Ratio is recorded 1.81 and its Current Ratio is at 1.81. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.60.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Leerink Partners on February 26, 2024, initiated with a Outperform rating and assigned the stock a target price of $14.
On January 03, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $14.
Morgan Stanley Upgraded its Equal-Weight to Overweight on December 15, 2023, whereas the target price for the stock was revised from $17.50 to $17.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 08 when HENNEMAN JOHN B III sold 50,000 shares for $17.17 per share. The transaction valued at 858,650 led to the insider holds 72,114 shares of the business.
Evans Richard B. Jr. sold 17,000 shares of RCM for $286,229 on Jun 12. The Principal Accounting Officer now owns 124,007 shares after completing the transaction at $16.84 per share. On Jun 09, another insider, Evans Richard B. Jr., who serves as the Principal Accounting Officer of the company, sold 12,000 shares for $16.69 each. As a result, the insider received 200,280 and left with 141,007 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RCM now has a Market Capitalization of 6.05B and an Enterprise Value of 7.61B. As of this moment, R1’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1978.87, and their Forward P/E ratio for the next fiscal year is 30.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61 while its Price-to-Book (P/B) ratio in mrq is 2.15. Its current Enterprise Value per Revenue stands at 3.38 whereas that against EBITDA is 17.87.
Stock Price History:
Over the past 52 weeks, RCM has reached a high of $18.70, while it has fallen to a 52-week low of $8.87. The 50-Day Moving Average of the stock is 10.58, while the 200-Day Moving Average is calculated to be 13.87.
Shares Statistics:
According to the various share statistics, RCM traded on average about 4.72M shares per day over the past 3-months and 7.73M shares per day over the past 10 days. A total of 420.20M shares are outstanding, with a floating share count of 149.61M. Insiders hold about 64.32% of the company’s shares, while institutions hold 39.58% stake in the company. Shares short for RCM as of Feb 15, 2024 were 28.93M with a Short Ratio of 6.12, compared to 24.64M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.90% and a Short% of Float of 18.63%.
Earnings Estimates
The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.11 and a low estimate of -$0.03, while EPS last year was $0. The consensus estimate for the next quarter is $0.01, with high estimates of $0.13 and low estimates of -$0.05.
Analysts are recommending an EPS of between $0.7 and -$0.13 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $0.34, with 13 analysts recommending between $1.24 and $0.09.
Revenue Estimates
According to 12 analysts, the current quarter’s revenue is expected to be $623.53M. It ranges from a high estimate of $670.8M to a low estimate of $581.92M. As of the current estimate, R1 RCM Inc.’s year-ago sales were $545.6M, an estimated increase of 14.30% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $659.79M, an increase of 17.70% over than the figure of $14.30% in the same quarter last year. There is a high estimate of $702M for the next quarter, whereas the lowest estimate is $614.9M.
A total of 17 analysts have provided revenue estimates for RCM’s current fiscal year. The highest revenue estimate was $2.79B, while the lowest revenue estimate was $2.52B, resulting in an average revenue estimate of $2.69B. In the same quarter a year ago, actual revenue was $2.25B, up 19.40% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $3.06B in the next fiscal year. The high estimate is $3.26B and the low estimate is $2.81B. The average revenue growth estimate for next year is up 13.70% from the average revenue estimate for this year.
