How is RadNet Inc.’s (NASDAQ: RDNT) stock expected to perform amid current market woes?

The price of RadNet Inc. (NASDAQ: RDNT) closed at $17.44 in the last session, up 0.11% from day before closing price of $17.42. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 107333 shares were traded. RDNT stock price reached its highest trading level at $17.64 during the session, while it also had its lowest trading level at $17.33.

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We take a closer look at RDNT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 2.38 whereas as Long-Term Debt/Eq ratio is at 2.35.

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, Barclays on August 12, 2021, initiated with a Overweight rating and assigned the stock a target price of $39.

On March 15, 2019, Raymond James Downgraded its rating to Outperform which previously was Strong Buy and also upped its target price recommendation from $16 to $17.50.

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 Jun 01 when HAMES NORMAN R sold 10,000 shares for $20.53 per share. The transaction valued at 205,310 led to the insider holds 280,179 shares of the business.

Gordon Christine Nayoma sold 2,000 shares of RDNT for $41,216 on Jun 01. The Director now owns 12,497 shares after completing the transaction at $20.61 per share. On May 31, another insider, Gordon Christine Nayoma, who serves as the Director of the company, sold 900 shares for $20.47 each. As a result, the insider received 18,424 and left with 14,497 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 3.16.

Stock Price History:

Over the past 52 weeks, RDNT has reached a high of $31.20, while it has fallen to a 52-week low of $12.03. The 50-Day Moving Average of the stock is 18.45, while the 200-Day Moving Average is calculated to be 20.07.

Shares Statistics:

According to the various share statistics, RDNT traded on average about 263.72K shares per day over the past 3-months and 214.69k shares per day over the past 10 days. A total of 56.74M shares are outstanding, with a floating share count of 50.08M. Insiders hold about 1.30% of the company’s shares, while institutions hold 69.50% stake in the company. Shares short for RDNT as of Oct 13, 2022 were 1.7M with a Short Ratio of 1.51M, compared to 1.76M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.97% and a Short% of Float of 3.50%.

Earnings Estimates

The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.17 and a low estimate of $0.14, while EPS last year was $0.21. The consensus estimate for the next quarter is $0.16, with high estimates of $0.18 and low estimates of $0.14.

Analysts are recommending an EPS of between $0.35 and $0.28 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $0.51, with 3 analysts recommending between $0.61 and $0.35.

Revenue Estimates

A total of 3 analysts have provided revenue estimates for RDNT’s current fiscal year. The highest revenue estimate was $1.4B, while the lowest revenue estimate was $1.39B, resulting in an average revenue estimate of $1.4B. In the same quarter a year ago, actual revenue was $1.32B, up 6.10% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $1.47B in the next fiscal year. The high estimate is $1.48B and the low estimate is $1.45B. The average revenue growth estimate for next year is up 5.30% from the average revenue estimate for this year.