Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Resources Connection Inc (NASDAQ: RGP) closed at $5.32 down -19.76% from its previous closing price of $6.63. In other words, the price has decreased by -$19.76 from its previous closing price. On the day, 0.82 million shares were traded. RGP stock price reached its highest trading level at $6.04 during the session, while it also had its lowest trading level at $5.251.
Ratios:
For a deeper understanding of Resources Connection Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.69. For the most recent quarter (mrq), Quick Ratio is recorded 2.74 and its Current Ratio is at 2.74. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.08.
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, BofA Securities on November 15, 2022, Upgraded its rating to Neutral and sets its target price to $58 from $49 previously.
On June 19, 2020, Sidoti started tracking the stock assigning a Buy rating and target price of $15.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 29 ’24 when MURRAY DONALD B bought 277,014 shares for $10.18 per share.
MURRAY DONALD B bought 250,000 shares of RGP for $2,545,000 on Aug 29 ’24. On Aug 14 ’24, another insider, MURRAY DONALD B, who serves as the Officer of the company, bought 198,154 shares for $10.00 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RGP now has a Market Capitalization of 176044656 and an Enterprise Value of 125486080. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 0.63. Its current Enterprise Value per Revenue stands at 0.224 whereas that against EBITDA is 8.74.
Stock Price History:
The Beta on a monthly basis for RGP is 0.64, which has changed by -0.5577723 over the last 52 weeks, in comparison to a change of 0.036926866 over the same period for the S&P500. Over the past 52 weeks, RGP has reached a high of $12.61, while it has fallen to a 52-week low of $6.46. The 50-Day Moving Average of the stock is -28.51%, while the 200-Day Moving Average is calculated to be -40.29%.
Shares Statistics:
For the past three months, RGP has traded an average of 294.04K shares per day and 329000 over the past ten days. A total of 33.07M shares are outstanding, with a floating share count of 31.81M. Insiders hold about 3.86% of the company’s shares, while institutions hold 85.58% stake in the company. Shares short for RGP as of 1741910400 were 669875 with a Short Ratio of 2.28, compared to 1739491200 on 580111. Therefore, it implies a Short% of Shares Outstanding of 669875 and a Short% of Float of 2.0599999.
Dividends & Splits
According to the company, the forward annual dividend rate for RGP is 0.56, from 0.56 in the trailing year. Against a Trailing Annual Dividend Yield of 0.08446456The stock’s 5-year Average Dividend Yield is 4.26. The current Payout Ratio is 90.24% for RGP, which recently paid a dividend on 2025-02-14 with an ex-dividend date of 1739491200. Stock splits for the company last occurred on 2005-03-02 when the company split stock in a 2:1 ratio.
