Radnet Inc (RDNT)’s valuation ratios: A closer look

The closing price of Radnet Inc (NASDAQ: RDNT) was $48.49 for the day, up 0.37% from the previous closing price of $48.31. In other words, the price has increased by $+0.18 from its previous closing price. On the day, 657769 shares were traded. RDNT stock price reached its highest trading level at $49.00 during the session, while it also had its lowest trading level at $48.08.

Ratios:

Our analysis of RDNT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 75.02. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.32. In the meantime, Its Debt-to-Equity ratio is 2.36 whereas as Long-Term Debt/Eq ratio is at 2.25.

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 March 06, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $48.

On August 31, 2023, Truist started tracking the stock assigning a Buy rating and target price of $40.

On March 31, 2023, CJS Securities started tracking the stock assigning a Market Outperform rating and target price of $30.CJS Securities initiated its Market Outperform rating on March 31, 2023, with a $30 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 05 ’23 when Murdock Michael N sold 10,115 shares for $35.02 per share. The transaction valued at 354,227 led to the insider holds 68,432 shares of the business.

Gordon Christine Nayoma sold 3,000 shares of RDNT for $97,200 on Nov 27 ’23. The Director now owns 10,385 shares after completing the transaction at $32.40 per share. On Jun 08 ’23, another insider, HAMES NORMAN R, who serves as the Pres and COO-West Operations of the company, sold 10,000 shares for $31.12 each. As a result, the insider received 311,200 and left with 278,485 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, RDNT now has a Market Capitalization of 3.57B and an Enterprise Value of 4.72B. As of this moment, Radnet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53877.78, and their Forward P/E ratio for the next fiscal year is 56.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3591.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.05 while its Price-to-Book (P/B) ratio in mrq is 5.22. Its current Enterprise Value per Revenue stands at 2.92 whereas that against EBITDA is 16.13.

Stock Price History:

Over the past 52 weeks, RDNT has reached a high of $49.41, while it has fallen to a 52-week low of $23.54. The 50-Day Moving Average of the stock is 41.07, while the 200-Day Moving Average is calculated to be 34.06.

Shares Statistics:

RDNT traded an average of 533.87K shares per day over the past three months and 779.9k shares per day over the past ten days. A total of 67.96M shares are outstanding, with a floating share count of 58.35M. Insiders hold about 14.79% of the company’s shares, while institutions hold 78.26% stake in the company. Shares short for RDNT as of Feb 29, 2024 were 2.62M with a Short Ratio of 5.19, compared to 2.65M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.83% and a Short% of Float of 4.40%.

Earnings Estimates

The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.21 and a low estimate of -$0.09, while EPS last year was -$0.08. The consensus estimate for the next quarter is $0.18, with high estimates of $0.26 and low estimates of $0.09.

Analysts are recommending an EPS of between $0.82 and $0.37 for the fiscal current year, implying an average EPS of $0.62. EPS for the following year is $0.75, with 6 analysts recommending between $1.23 and $0.35.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $428.5M to a low estimate of $415.5M. As of the current estimate, Radnet Inc’s year-ago sales were $390.56M, an estimated increase of 8.00% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $437.94M, an increase of 12.10% over than the figure of $8.00% in the same quarter last year. There is a high estimate of $446M for the next quarter, whereas the lowest estimate is $434.16M.

A total of 5 analysts have provided revenue estimates for RDNT’s current fiscal year. The highest revenue estimate was $1.77B, while the lowest revenue estimate was $1.74B, resulting in an average revenue estimate of $1.75B. In the same quarter a year ago, actual revenue was $1.62B, up 8.40% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.89B in the next fiscal year. The high estimate is $1.92B and the low estimate is $1.86B. The average revenue growth estimate for next year is up 7.90% from the average revenue estimate for this year.

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