As of close of business last night, Rambus Inc.’s stock clocked out at $58.84, down -2.73% from its previous closing price of $60.49. In other words, the price has decreased by -$1.65 from its previous closing price. On the day, 1503982 shares were traded.
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 14.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.79. For the most recent quarter (mrq), Quick Ratio is recorded 6.67 and its Current Ratio is at 7.08. 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 Mar 12 ’24 when Seraphin Luc sold 15,000 shares for $62.69 per share. The transaction valued at 940,301 led to the insider holds 289,755 shares of the business.
Shinn John sold 3,889 shares of RMBS for $243,751 on Mar 12 ’24. The SVP, General Counsel now owns 24,559 shares after completing the transaction at $62.68 per share. On Mar 11 ’24, another insider, Lynch Desmond, who serves as the SVP, CFO of the company, sold 7,837 shares for $62.18 each. As a result, the insider received 487,289 and left with 41,958 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 6.57B and an Enterprise Value of 6.17B. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.57, and their Forward P/E ratio for the next fiscal year is 23.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.77 while its Price-to-Book (P/B) ratio in mrq is 6.11. Its current Enterprise Value per Revenue stands at 13.39 whereas that against EBITDA is 26.04.
Stock Price History:
The Beta on a monthly basis for RMBS is 1.16, which has changed by 31.40% over the last 52 weeks, in comparison to a change of 31.54% 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 $43.19. The 50-Day Moving Average of the stock is 63.36, while the 200-Day Moving Average is calculated to be 60.79.
Shares Statistics:
It appears that RMBS traded 1.65M shares on average per day over the past three months and 1.55M shares per day over the past ten days. A total of 107.85M shares are outstanding, with a floating share count of 107.16M. Insiders hold about 0.67% of the company’s shares, while institutions hold 89.83% stake in the company. Shares short for RMBS as of Feb 29, 2024 were 3.17M with a Short Ratio of 1.92, compared to 3.22M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.92% and a Short% of Float of 3.91%.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.44 for the current quarter, with a high estimate of $0.44 and a low estimate of $0.44, while EPS last year was $0.44. The consensus estimate for the next quarter is $0.46, with high estimates of $0.48 and low estimates of $0.44.
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 $2.51, with 5 analysts recommending between $2.72 and $2.37.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $132M. It ranges from a high estimate of $132M to a low estimate of $132M. As of the current estimate, Rambus Inc.’s year-ago sales were $146M, an estimated decrease of -9.60% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $138.63M, an increase of 4.10% over than the figure of -$9.60% in the same quarter last year. There is a high estimate of $140.2M for the next quarter, whereas the lowest estimate is $137M.
A total of 5 analysts have provided revenue estimates for RMBS’s current fiscal year. The highest revenue estimate was $618M, while the lowest revenue estimate was $533.16M, resulting in an average revenue estimate of $584.83M. In the same quarter a year ago, actual revenue was $680.83M, down -14.10% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $729.54M in the next fiscal year. The high estimate is $774.4M and the low estimate is $681.31M. The average revenue growth estimate for next year is up 24.70% from the average revenue estimate for this year.
