Analyzing Rambus Inc. (RMBS)’s financial ratios for investment purposes

As of close of business last night, Rambus Inc.’s stock clocked out at $64.85, down -5.92% from its previous closing price of $68.93. In other words, the price has decreased by -$4.08 from its previous closing price. On the day, 3216681 shares were traded. RMBS stock price reached its highest trading level at $67.20 during the session, while it also had its lowest trading level at $63.39.

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To gain a deeper understanding of RMBS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.27. For the most recent quarter (mrq), Quick Ratio is recorded 6.13 and its Current Ratio is at 6.54. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 15 when STANG ERIC B sold 8,685 shares for $67.16 per share. The transaction valued at 583,289 led to the insider holds 9,957 shares of the business.

LAUB STEVEN sold 2,000 shares of RMBS for $133,820 on Nov 15. The Director now owns 7,761 shares after completing the transaction at $66.91 per share. On Nov 08, another insider, Higashi Emiko, who serves as the Director of the company, sold 8,000 shares for $60.00 each. As a result, the insider received 480,000 and left with 57,686 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 6.98B and an Enterprise Value of 6.63B. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.77, and their Forward P/E ratio for the next fiscal year is 29.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.12 while its Price-to-Book (P/B) ratio in mrq is 7.30. Its current Enterprise Value per Revenue stands at 14.37 whereas that against EBITDA is 34.38.

Stock Price History:

Over the past 52 weeks, RMBS has reached a high of $70.72, while it has fallen to a 52-week low of $34.77. The 50-Day Moving Average of the stock is 59.36, while the 200-Day Moving Average is calculated to be 55.05.

Shares Statistics:

It appears that RMBS traded 1.29M shares on average per day over the past three months and 1.08M shares per day over the past ten days. A total of 107.61M shares are outstanding, with a floating share count of 106.72M. Insiders hold about 0.73% of the company’s shares, while institutions hold 91.37% stake in the company. Shares short for RMBS as of Nov 14, 2023 were 5.11M with a Short Ratio of 5.11M, compared to 5.34M on Oct 12, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.75% and a Short% of Float of 6.67%.

Earnings Estimates

As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.45 for the current quarter, with a high estimate of $0.45 and a low estimate of $0.44, while EPS last year was $0.47. The consensus estimate for the next quarter is $0.47, with high estimates of $0.53 and low estimates of $0.44.

Analysts are recommending an EPS of between $1.77 and $1.75 for the fiscal current year, implying an average EPS of $1.76. EPS for the following year is $2.12, with 5 analysts recommending between $2.2 and $2.05.

Revenue Estimates

In the current quarter, 5 analysts expect revenue to total $134M. It ranges from a high estimate of $134M to a low estimate of $134M. As of the current estimate, Rambus Inc.’s year-ago sales were $122.37M, an estimated increase of 9.50% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $142.66M, a decrease of -2.30% less than the figure of $9.50% in the same quarter last year. There is a high estimate of $157.9M for the next quarter, whereas the lowest estimate is $135M.

A total of 5 analysts have provided revenue estimates for RMBS’s current fiscal year. The highest revenue estimate was $557.3M, while the lowest revenue estimate was $556.6M, resulting in an average revenue estimate of $556.86M. In the same quarter a year ago, actual revenue was $454.79M, up 22.40% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $637M in the next fiscal year. The high estimate is $651M and the low estimate is $626.5M. The average revenue growth estimate for next year is up 14.40% from the average revenue estimate for this year.

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