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The closing price of Resources Connection Inc (NASDAQ: RGP) was $9.28 for the day, down -1.90% from the previous closing price of $9.46. In other words, the price has decreased by -$1.90 from its previous closing price. On the day, 0.45 million shares were traded. RGP stock price reached its highest trading level at $9.52 during the session, while it also had its lowest trading level at $9.27.
Ratios:
Our analysis of RGP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.95. For the most recent quarter (mrq), Quick Ratio is recorded 3.32 and its Current Ratio is at 3.32. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 310613664 and an Enterprise Value of 215867200. As of this moment, Resources’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.92, and their Forward P/E ratio for the next fiscal year is 6.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 0.341 whereas that against EBITDA is 5.555.
Stock Price History:
Over the past 52 weeks, RGP has reached a high of $15.44, while it has fallen to a 52-week low of $9.44. The 50-Day Moving Average of the stock is -10.94%, while the 200-Day Moving Average is calculated to be -21.81%.
Shares Statistics:
RGP traded an average of 400.83K shares per day over the past three months and 401730 shares per day over the past ten days. A total of 33.56M shares are outstanding, with a floating share count of 32.58M. Insiders hold about 2.67% of the company’s shares, while institutions hold 89.21% stake in the company. Shares short for RGP as of 1724976000 were 1097937 with a Short Ratio of 2.51, compared to 1722384000 on 1144799. Therefore, it implies a Short% of Shares Outstanding of 1097937 and a Short% of Float of 3.34.
Dividends & Splits
With its trailing 12-month dividend rate of 0.56, RGP has a forward annual dividend rate of 0.56. Against a Trailing Annual Dividend Yield of 0.059196617The stock’s 5-year Average Dividend Yield is 3.89.
