An overall feel about Rite Aid Corporation (NYSE: RAD) stock in the current moment?

In the latest session, Rite Aid Corporation (NYSE: RAD) closed at $5.30 down -5.86% from its previous closing price of $5.63. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 1777465 shares were traded. RAD stock price reached its highest trading level at $5.59 during the session, while it also had its lowest trading level at $5.18.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

Ratios:

For a deeper understanding of Rite Aid Corporation’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 1.30.

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 the company, Deutsche Bank on April 07, 2022, Downgraded its rating to Sell and sets its target price to $1 from $16 previously.

On June 25, 2021, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $21 to $12.

Deutsche Bank reiterated its Hold rating for the stock on March 25, 2021, while the target price for the stock was revised from $17 to $27.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 22 when Donigan Heyward R bought 14,350 shares for $13.93 per share. The transaction valued at 199,960 led to the insider holds 559,498 shares of the business.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.01.

Stock Price History:

Over the past 52 weeks, RAD has reached a high of $15.62, while it has fallen to a 52-week low of $3.84. The 50-Day Moving Average of the stock is 5.64, while the 200-Day Moving Average is calculated to be 7.29.

Shares Statistics:

For the past three months, RAD has traded an average of 2.56M shares per day and 2.06M over the past ten days. A total of 54.55M shares are outstanding, with a floating share count of 54.38M. Insiders hold about 3.60% of the company’s shares, while institutions hold 53.60% stake in the company. Shares short for RAD as of Oct 13, 2022 were 10.24M with a Short Ratio of 9.88M, compared to 9.11M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 18.11% and a Short% of Float of 21.05%.

Earnings Estimates

There are 2 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.31 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.5, while EPS last year was $0.15. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.1 and low estimates of -$0.31.

Analysts are recommending an EPS of between -$1.14 and -$2.75 for the fiscal current year, implying an average EPS of -$1.78. EPS for the following year is -$1.51, with 2 analysts recommending between -$0.37 and -$2.65.

Revenue Estimates

A total of 3 analysts have provided revenue estimates for RAD’s current fiscal year. The highest revenue estimate was $24.05B, while the lowest revenue estimate was $23.45B, resulting in an average revenue estimate of $23.73B. In the same quarter a year ago, actual revenue was $24.57B, down -3.40% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $23.32B in the next fiscal year. The high estimate is $24.22B and the low estimate is $22.74B. The average revenue growth estimate for next year is down -1.70% from the average revenue estimate for this year.