Invest in Rambus Inc. (RMBS) to keep your portfolio healthy

The price of Rambus Inc. (NASDAQ: RMBS) closed at $42.80 in the last session, down -0.09% from day before closing price of $42.84. In other words, the price has decreased by -$0.04 from its previous closing price. On the day, 799353 shares were traded. RMBS stock price reached its highest trading level at $43.37 during the session, while it also had its lowest trading level at $42.45.

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We take a closer look at RMBS’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 16.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.26. For the most recent quarter (mrq), Quick Ratio is recorded 4.00 and its Current Ratio is at 4.10. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.

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, Rosenblatt on October 14, 2021, initiated with a Buy rating and assigned the stock a target price of $35.

On April 30, 2021, Susquehanna started tracking the stock assigning a Positive rating and target price of $26.

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 Nov 18 when FAN XIANZHI SEAN sold 52,852 shares for $37.88 per share. The transaction valued at 2,002,198 led to the insider holds 127,886 shares of the business.

FAN XIANZHI SEAN sold 10,277 shares of RMBS for $393,568 on Nov 16. The COO now owns 180,738 shares after completing the transaction at $38.30 per share. On Nov 15, another insider, FAN XIANZHI SEAN, who serves as the COO of the company, sold 51,772 shares for $38.51 each. As a result, the insider received 1,993,823 and left with 191,015 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 10.55 while its Price-to-Book (P/B) ratio in mrq is 6.28.

Stock Price History:

Over the past 52 weeks, RMBS has reached a high of $42.88, while it has fallen to a 52-week low of $20.00. The 50-Day Moving Average of the stock is 37.63, while the 200-Day Moving Average is calculated to be 28.58.

Shares Statistics:

According to the various share statistics, RMBS traded on average about 885.94K shares per day over the past 3-months and 956.34k shares per day over the past 10 days. A total of 109.97M shares are outstanding, with a floating share count of 105.79M. Insiders hold about 0.20% of the company’s shares, while institutions hold 90.20% stake in the company. Shares short for RMBS as of Oct 13, 2022 were 3.04M with a Short Ratio of 2.64M, compared to 2.85M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.75% and a Short% of Float of 3.80%.

Earnings Estimates

The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.41 and a low estimate of $0.41, while EPS last year was $0.34. The consensus estimate for the next quarter is $0.41, with high estimates of $0.42 and low estimates of $0.4.

Analysts are recommending an EPS of between $1.66 and $1.62 for the fiscal current year, implying an average EPS of $1.64. EPS for the following year is $1.7, with 5 analysts recommending between $1.74 and $1.65.

Revenue Estimates

According to 5 analysts, the current quarter’s revenue is expected to be $138.96M. It ranges from a high estimate of $141M to a low estimate of $131.8M. As of the current estimate, Rambus Inc.’s year-ago sales were $113M, an estimated increase of 23.00% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $139.5M, an increase of 11.20% less than the figure of $23.00% in the same quarter last year. There is a high estimate of $142.1M for the next quarter, whereas the lowest estimate is $133.9M.

A total of 5 analysts have provided revenue estimates for RMBS’s current fiscal year. The highest revenue estimate was $554.9M, while the lowest revenue estimate was $552.89M, resulting in an average revenue estimate of $553.84M. In the same quarter a year ago, actual revenue was $453.01M, up 22.30% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $587.42M in the next fiscal year. The high estimate is $598.5M and the low estimate is $569.5M. The average revenue growth estimate for next year is up 6.10% from the average revenue estimate for this year.