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The closing price of Radnet Inc (NASDAQ: RDNT) was $69.39 for the day, up 0.09% from the previous closing price of $69.33. In other words, the price has increased by $0.09 from its previous closing price. On the day, 0.55 million shares were traded. RDNT stock price reached its highest trading level at $70.53 during the session, while it also had its lowest trading level at $68.85.
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 6.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 75.53. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 1.95 whereas as Long-Term Debt/Eq ratio is at 1.86.
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 the company, Barclays on September 06, 2024, Upgraded its rating to Overweight and sets its target price to $79 from $57 previously.
On March 06, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $48.
On August 31, 2023, Truist started tracking the stock assigning a Buy rating and target price of $40.Truist initiated its Buy rating on August 31, 2023, with a $40 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 Aug 21 ’24 when Murdock Michael N sold 15,000 shares for $62.78 per share. The transaction valued at 941,702 led to the insider holds 48,144 shares of the business.
Murdock Michael N bought 15,000 shares of RDNT for $937,500 on Aug 20 ’24. On Jun 18 ’24, another insider, Patel Mital, who serves as the EVP, Chief Admin Officer of the company, sold 29,800 shares for $59.00 each. As a result, the insider received 1,758,200 and left with 202,146 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 5131896832 and an Enterprise Value of 6320332288. As of this moment, Radnet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 472.68, and their Forward P/E ratio for the next fiscal year is 103.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 31.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.99 while its Price-to-Book (P/B) ratio in mrq is 5.83. Its current Enterprise Value per Revenue stands at 3.688 whereas that against EBITDA is 26.097.
Stock Price History:
Over the past 52 weeks, RDNT has reached a high of $71.92, while it has fallen to a 52-week low of $25.11. The 50-Day Moving Average of the stock is 8.93%, while the 200-Day Moving Average is calculated to be 34.61%.
Shares Statistics:
RDNT traded an average of 608.87K shares per day over the past three months and 765770 shares per day over the past ten days. A total of 67.96M shares are outstanding, with a floating share count of 63.93M. Insiders hold about 13.56% of the company’s shares, while institutions hold 83.08% stake in the company. Shares short for RDNT as of 1726185600 were 3357397 with a Short Ratio of 5.51, compared to 1723680000 on 3042633. Therefore, it implies a Short% of Shares Outstanding of 3357397 and a Short% of Float of 5.4.
