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The closing price of Rambus Inc. (NASDAQ: RMBS) was $57.25 for the day, down -2.50% from the previous closing price of $58.72. In other words, the price has decreased by -$2.50 from its previous closing price. On the day, 1.3 million shares were traded. RMBS stock price reached its highest trading level at $58.99 during the session, while it also had its lowest trading level at $56.91.
Ratios:
Our analysis of RMBS’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 14.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.02. For the most recent quarter (mrq), Quick Ratio is recorded 6.67 and its Current Ratio is at 7.08. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
On May 18, 2023, Jefferies Downgraded its rating to Hold which previously was Buy and also upped its target price recommendation from $45 to $65.
On October 14, 2021, Rosenblatt started tracking the stock assigning a Buy rating and target price of $35.Rosenblatt initiated its Buy rating on October 14, 2021, with a $35 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 Apr 16 ’24 when Seraphin Luc sold 5,530 shares for $58.66 per share. The transaction valued at 324,390 led to the insider holds 262,791 shares of the business.
Seraphin Luc sold 15,000 shares of RMBS for $920,278 on Apr 09 ’24. The President and CEO now owns 268,321 shares after completing the transaction at $61.35 per share. On Apr 02 ’24, another insider, Seraphin Luc, who serves as the President and CEO of the company, sold 15,000 shares for $59.93 each. As a result, the insider received 899,018 and left with 283,321 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, RMBS now has a Market Capitalization of 6215861248 and an Enterprise Value of 5781429248. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.04, and their Forward P/E ratio for the next fiscal year is 22.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.48 while its Price-to-Book (P/B) ratio in mrq is 5.95. Its current Enterprise Value per Revenue stands at 12.538 whereas that against EBITDA is 41.317.
Stock Price History:
Over the past 52 weeks, RMBS has reached a high of $76.38, while it has fallen to a 52-week low of $43.58. The 50-Day Moving Average of the stock is -4.67%, while the 200-Day Moving Average is calculated to be -5.74%.
Shares Statistics:
RMBS traded an average of 1.62M shares per day over the past three months and 1069130 shares per day over the past ten days. A total of 107.85M shares are outstanding, with a floating share count of 107.84M. Insiders hold about 0.68% of the company’s shares, while institutions hold 89.51% stake in the company. Shares short for RMBS as of 1711584000 were 3069878 with a Short Ratio of 1.90, compared to 1709164800 on 3169045. Therefore, it implies a Short% of Shares Outstanding of 3069878 and a Short% of Float of 3.7900000000000005.
Earnings Estimates
The stock of Rambus Inc. (RMBS) is currently in the spotlight, with Rambus, Inc. analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $5.31, with high estimates of $50.42 and low estimates of $11.72.
