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.
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.
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.
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.
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%.
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.
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.