In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, RideNow Group Inc (NASDAQ: RDNW) closed at $5.06 down -2.32% from its previous closing price of $5.18. In other words, the price has decreased by -$2.32 from its previous closing price. On the day, 66356.0 shares were traded. RDNW stock price reached its highest trading level at $5.24 during the session, while it also had its lowest trading level at $5.05.
Ratios:
For a deeper understanding of RideNow Group Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.40. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 1.12.
On January 14, 2025, DA Davidson Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $7.50 to $5.
B. Riley Securities Downgraded its Buy to Neutral on November 29, 2024, while the target price for the stock was maintained at $7.
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 19 ’24 when Cohen Mark Alexander bought 349,333 shares for $4.18 per share. The transaction valued at 1,460,212 led to the insider holds 7,075,815 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RDNW now has a Market Capitalization of 192621568 and an Enterprise Value of 739221568. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18. Its current Enterprise Value per Revenue stands at 0.675 whereas that against EBITDA is 19.151.
Stock Price History:
The Beta on a monthly basis for RDNW is 1.18, which has changed by -0.24158126 over the last 52 weeks, in comparison to a change of 0.12159383 over the same period for the S&P500. Over the past 52 weeks, RDNW has reached a high of $7.06, while it has fallen to a 52-week low of $1.46. The 50-Day Moving Average of the stock is 18.97%, while the 200-Day Moving Average is calculated to be 58.20%.
Shares Statistics:
For the past three months, RDNW has traded an average of 52.14K shares per day and 69550 over the past ten days. A total of 38.00M shares are outstanding, with a floating share count of 22.77M. Insiders hold about 40.18% of the company’s shares, while institutions hold 43.30% stake in the company. Shares short for RDNW as of 1763078400 were 1044573 with a Short Ratio of 20.03, compared to 1760486400 on 1281734. Therefore, it implies a Short% of Shares Outstanding of 1044573 and a Short% of Float of 6.15.
Earnings Estimates
At present, 2.0 analysts are actively evaluating the performance of RideNow Group Inc (RDNW) in the stock market.The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.11 and low estimates of -$0.17.
Analysts are recommending an EPS of between -$1.4 and -$1.41 for the fiscal current year, implying an average EPS of -$1.4. EPS for the following year is -$0.28, with 2.0 analysts recommending between -$0.2 and -$0.36.
Revenue Estimates
A total of 2 analysts believe the company’s revenue will be $261.09M this quarter.It ranges from a high estimate of $261.88M to a low estimate of $260.3M. As of. The current estimate, RideNow Group Inc’s year-ago sales were $269.6MFor the next quarter, 2 analysts are estimating revenue of $260.46M. There is a high estimate of $261.53M for the next quarter, whereas the lowest estimate is $259.4M.
A total of 2 analysts have provided revenue estimates for RDNW’s current fiscal year. The highest revenue estimate was $1.09B, while the lowest revenue estimate was $1.09B, resulting in an average revenue estimate of $1.09B. In the same quarter a year ago, actual revenue was $1.21BBased on 2 analysts’ estimates, the company’s revenue will be $1.16B in the next fiscal year. The high estimate is $1.17B and the low estimate is $1.15B.
