Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Rambus Inc.’s stock clocked out at $52.75, down -3.78% from its previous closing price of $54.82. In other words, the price has decreased by -$3.78 from its previous closing price. On the day, 2.42 million shares were traded. RMBS stock price reached its highest trading level at $55.41 during the session, while it also had its lowest trading level at $52.52.
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 14.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.19. For the most recent quarter (mrq), Quick Ratio is recorded 6.40 and its Current Ratio is at 6.98. 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 Apr 16 ’24 when Seraphin Luc sold 5,530 shares for $58.66 per share. The transaction valued at 324,390 led to the insider holds 262,791 shares of the business.
Seraphin Luc sold 15,000 shares of RMBS for $920,278 on Apr 09 ’24. The President and CEO now owns 268,321 shares after completing the transaction at $61.35 per share. On Apr 02 ’24, another insider, Seraphin Luc, who serves as the President and CEO of the company, sold 15,000 shares for $59.93 each. As a result, the insider received 899,018 and left with 283,321 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 5727278592 and an Enterprise Value of 5341311488. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.10, and their Forward P/E ratio for the next fiscal year is 20.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.31 while its Price-to-Book (P/B) ratio in mrq is 5.48. Its current Enterprise Value per Revenue stands at 11.481 whereas that against EBITDA is 33.133.
Stock Price History:
The Beta on a monthly basis for RMBS is 1.18, which has changed by 0.12882519 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, RMBS has reached a high of $76.38, while it has fallen to a 52-week low of $44.45. The 50-Day Moving Average of the stock is -11.98%, while the 200-Day Moving Average is calculated to be -12.76%.
Shares Statistics:
It appears that RMBS traded 1.63M shares on average per day over the past three months and 1635860 shares per day over the past ten days. A total of 107.85M shares are outstanding, with a floating share count of 107.84M. Insiders hold about 0.68% of the company’s shares, while institutions hold 89.54% stake in the company. Shares short for RMBS as of 1713139200 were 3174881 with a Short Ratio of 1.94, compared to 1710460800 on 3459981. Therefore, it implies a Short% of Shares Outstanding of 3174881 and a Short% of Float of 3.92.
Earnings Estimates
Investors are keenly observing as 4.0 analysts analyze and rate the current performance of Rambus Inc. (RMBS) in the stock market.On average, analysts expect EPS of $0.46 for the current quarter, with a high estimate of $0.48 and a low estimate of $0.44, while EPS last year was $0.44. The consensus estimate for the next quarter is $0.53, with high estimates of $0.58 and low estimates of $0.5.
Analysts are recommending an EPS of between $2.1 and $1.94 for the fiscal current year, implying an average EPS of $2.03. EPS for the following year is $2.53, with 5.0 analysts recommending between $2.72 and $2.4.
Revenue Estimates
In the current quarter, 4 analysts expect revenue to total $136.92M. It ranges from a high estimate of $139M to a low estimate of $133M. As of the current estimate, Rambus Inc.’s year-ago sales were $133.2MFor the next quarter, 4 analysts are estimating revenue of $152.72M. There is a high estimate of $156M for the next quarter, whereas the lowest estimate is $144.08M.
A total of 5 analysts have provided revenue estimates for RMBS’s current fiscal year. The highest revenue estimate was $597.1M, while the lowest revenue estimate was $548M, resulting in an average revenue estimate of $583.62M. In the same quarter a year ago, actual revenue was $680.83MBased on 5 analysts’ estimates, the company’s revenue will be $727.36M in the next fiscal year. The high estimate is $774.4M and the low estimate is $685.19M.
