Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
As of close of business last night, Radnet Inc’s stock clocked out at $59.33, down -0.57% from its previous closing price of $59.67. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 0.6 million shares were traded.
Ratios:
To gain a deeper understanding of RDNT’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 5.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.63. For the most recent quarter (mrq), Quick Ratio is recorded 2.16 and its Current Ratio is at 2.16. In the meantime, Its Debt-to-Equity ratio is 1.94 whereas as Long-Term Debt/Eq ratio is at 1.85.
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, Barclays on September 06, 2024, Upgraded its rating to Overweight and sets its target price to $79 from $57 previously.
On March 06, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $48.
On August 31, 2023, Truist started tracking the stock assigning a Buy rating and target price of $40.Truist initiated its Buy rating on August 31, 2023, with a $40 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 Nov 25 ’24 when Katz David Jeffrey sold 12,300 shares for $81.65 per share. The transaction valued at 1,004,252 led to the insider holds 62,909 shares of the business.
Katz David Jeffrey bought 12,300 shares of RDNT for $1,009,092 on Nov 25 ’24. On Nov 19 ’24, another insider, Jayanathan Ranjan, who serves as the Chief Information Officer of the company, sold 38,557 shares for $80.00 each. As a result, the insider received 3,084,560 and left with 192,724 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.48 while its Price-to-Book (P/B) ratio in mrq is 4.90.
Stock Price History:
Over the past 52 weeks, RDNT has reached a high of $93.65, while it has fallen to a 52-week low of $36.47. The 50-Day Moving Average of the stock is -11.43%, while the 200-Day Moving Average is calculated to be -10.08%.
Shares Statistics:
A total of 73.98M shares are outstanding, with a floating share count of 64.78M. Insiders hold about 12.49% of the company’s shares, while institutions hold 87.43% stake in the company.
