As of close of business last night, Rambus Inc.’s stock clocked out at $65.40, up 2.70% from its previous closing price of $63.68. In other words, the price has increased by $+1.72 from its previous closing price. On the day, 1159564 shares were traded.
Ratios:
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 16.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.89. For the most recent quarter (mrq), Quick Ratio is recorded 6.67 and its Current Ratio is at 7.08. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
On May 18, 2023, Jefferies Downgraded its rating to Hold which previously was Buy and also upped its target price recommendation from $45 to $65.
On October 14, 2021, Rosenblatt started tracking the stock assigning a Buy rating and target price of $35.Rosenblatt initiated its Buy rating on October 14, 2021, with a $35 target price.
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 Mar 05 ’24 when Seraphin Luc sold 15,000 shares for $62.17 per share. The transaction valued at 932,586 led to the insider holds 304,755 shares of the business.
FAN XIANZHI SEAN sold 15,770 shares of RMBS for $1,023,631 on Mar 04 ’24. The SVP, COO now owns 85,459 shares after completing the transaction at $64.91 per share. On Mar 01 ’24, another insider, FAN XIANZHI SEAN, who serves as the SVP, COO of the company, sold 20,000 shares for $60.99 each. As a result, the insider received 1,219,800 and left with 101,229 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 7.06B and an Enterprise Value of 6.66B. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.75, and their Forward P/E ratio for the next fiscal year is 26.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.30 while its Price-to-Book (P/B) ratio in mrq is 6.79. Its current Enterprise Value per Revenue stands at 14.44 whereas that against EBITDA is 28.10.
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 $40.48. The 50-Day Moving Average of the stock is 64.21, while the 200-Day Moving Average is calculated to be 60.80.
Shares Statistics:
It appears that RMBS traded 1.95M shares on average per day over the past three months and 1.59M shares per day over the past ten days. A total of 107.85M shares are outstanding, with a floating share count of 107.08M. Insiders hold about 0.75% of the company’s shares, while institutions hold 89.82% stake in the company. Shares short for RMBS as of Feb 15, 2024 were 3.07M with a Short Ratio of 1.57, compared to 2.96M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.85% and a Short% of Float of 3.99%.
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 $0.44, with high estimates of $0.44 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 $2.03, with 5 analysts recommending between $2.1 and $1.94.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $122.22M. 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 decrease of -0.10% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $132M, a decrease of -9.60% less than the figure of -$0.10% in the same quarter last year. There is a high estimate of $132M for the next quarter, whereas the lowest estimate is $132M.
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 $461.12M. In the same quarter a year ago, actual revenue was $454.79M, up 1.40% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $584.83M in the next fiscal year. The high estimate is $618M and the low estimate is $533.16M. The average revenue growth estimate for next year is up 26.80% from the average revenue estimate for this year.
