As of close of business last night, R1 RCM Inc.’s stock clocked out at $12.67, up 0.48% from its previous closing price of $12.61. In other words, the price has increased by $+0.06 from its previous closing price. On the day, 2516535 shares were traded.
Ratios:
To gain a deeper understanding of RCM’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 30.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.81 and its Current Ratio is at 1.81. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.60.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $14.
On January 03, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $14.Barclays initiated its Overweight rating on January 03, 2024, with a $14 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 07 ’24 when SPARBY JOHN M. sold 10,046 shares for $14.33 per share. The transaction valued at 143,959 led to the insider holds 0 shares of the business.
HENNEMAN JOHN B III sold 50,000 shares of RCM for $858,650 on Aug 08 ’23. The Director now owns 72,114 shares after completing the transaction at $17.17 per share. On Jun 12 ’23, another insider, Evans Richard B. Jr., who serves as the Principal Accounting Officer of the company, sold 17,000 shares for $16.84 each. As a result, the insider received 286,229 and left with 124,007 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, RCM now has a Market Capitalization of 5.29B and an Enterprise Value of 6.86B. As of this moment, R1’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1784.51, and their Forward P/E ratio for the next fiscal year is 29.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.36 while its Price-to-Book (P/B) ratio in mrq is 1.93. Its current Enterprise Value per Revenue stands at 3.04 whereas that against EBITDA is 16.10.
Stock Price History:
Over the past 52 weeks, RCM has reached a high of $18.70, while it has fallen to a 52-week low of $8.87. The 50-Day Moving Average of the stock is 12.25, while the 200-Day Moving Average is calculated to be 13.29.
Shares Statistics:
It appears that RCM traded 4.17M shares on average per day over the past three months and 2.85M shares per day over the past ten days. A total of 420.20M shares are outstanding, with a floating share count of 150.47M. Insiders hold about 64.20% of the company’s shares, while institutions hold 39.55% stake in the company. Shares short for RCM as of Mar 15, 2024 were 12.44M with a Short Ratio of 2.98, compared to 28.93M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.96% and a Short% of Float of 7.96%.
Earnings Estimates
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.11 and a low estimate of -$0.07, while EPS last year was $0. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.13 and low estimates of -$0.09.
Analysts are recommending an EPS of between $0.5 and -$0.3 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0.24, with 11 analysts recommending between $0.77 and $0.01.
Revenue Estimates
In the current quarter, 14 analysts expect revenue to total $611.92M. It ranges from a high estimate of $629.2M to a low estimate of $569M. As of the current estimate, R1 RCM Inc.’s year-ago sales were $545.6M, an estimated increase of 12.20% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $640.3M, an increase of 14.20% over than the figure of $12.20% in the same quarter last year. There is a high estimate of $651.4M for the next quarter, whereas the lowest estimate is $624M.
A total of 15 analysts have provided revenue estimates for RCM’s current fiscal year. The highest revenue estimate was $2.67B, while the lowest revenue estimate was $2.63B, resulting in an average revenue estimate of $2.65B. In the same quarter a year ago, actual revenue was $2.25B, up 17.40% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $2.96B in the next fiscal year. The high estimate is $3.08B and the low estimate is $2.76B. The average revenue growth estimate for next year is up 11.90% from the average revenue estimate for this year.
