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The closing price of Rambus Inc (NASDAQ: RMBS) was $52.95 for the day, up 1.26% from the previous closing price of $52.29. In other words, the price has increased by $1.26 from its previous closing price. On the day, 0.54 million shares were traded. RMBS stock price reached its highest trading level at $52.97 during the session, while it also had its lowest trading level at $50.71.
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 13.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.01. For the most recent quarter (mrq), Quick Ratio is recorded 7.60 and its Current Ratio is at 8.26. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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, Loop Capital on November 12, 2024, initiated with a Buy rating and assigned the stock a target price of $70.
On November 06, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $62.
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 May 08 ’24 when STANG ERIC B sold 6,000 shares for $55.85 per share. The transaction valued at 335,100 led to the insider holds 26,422 shares of the business.
STANG ERIC B sold 5,408 shares of RMBS for $307,986 on May 07 ’24. The Director now owns 32,422 shares after completing the transaction at $56.95 per share. On Apr 16 ’24, another insider, Seraphin Luc, who serves as the President and CEO of the company, sold 5,530 shares for $58.66 each. As a result, the insider received 324,390 and left with 262,791 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 5643146240 and an Enterprise Value of 5240663552. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.88, and their Forward P/E ratio for the next fiscal year is 22.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.90 while its Price-to-Book (P/B) ratio in mrq is 5.43. Its current Enterprise Value per Revenue stands at 10.122 whereas that against EBITDA is 26.184.
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 $37.42. The 50-Day Moving Average of the stock is 17.45%, while the 200-Day Moving Average is calculated to be -0.06%.
Shares Statistics:
RMBS traded an average of 1.59M shares per day over the past three months and 827260 shares per day over the past ten days. A total of 107.85M shares are outstanding, with a floating share count of 105.87M. Insiders hold about 0.66% of the company’s shares, while institutions hold 87.96% stake in the company. Shares short for RMBS as of 1730332800 were 2772862 with a Short Ratio of 1.74, compared to 1727654400 on 2920722. Therefore, it implies a Short% of Shares Outstanding of 2772862 and a Short% of Float of 3.5099998.
