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In the latest session, Rambus Inc. (NASDAQ: RMBS) closed at $54.73 up 0.09% from its previous closing price of $54.68. In other words, the price has increased by $0.09 from its previous closing price. On the day, 1.54 million shares were traded. RMBS stock price reached its highest trading level at $55.64 during the session, while it also had its lowest trading level at $54.35.
Ratios:
For a deeper understanding of Rambus Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.44. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 5942255104 and an Enterprise Value of 5509552640. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.21, and their Forward P/E ratio for the next fiscal year is 21.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.89 while its Price-to-Book (P/B) ratio in mrq is 5.69. Its current Enterprise Value per Revenue stands at 11.948 whereas that against EBITDA is 39.374.
Stock Price History:
The Beta on a monthly basis for RMBS is 1.18, which has changed by 0.20843458 over the last 52 weeks, in comparison to a change of 0.23061275 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 $43.58. The 50-Day Moving Average of the stock is -8.60%, while the 200-Day Moving Average is calculated to be -9.72%.
Shares Statistics:
For the past three months, RMBS has traded an average of 1.61M shares per day and 1224430 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 89.59% stake in the company. Shares short for RMBS as of 1711584000 were 3069878 with a Short Ratio of 1.91, compared to 1709164800 on 3169045. Therefore, it implies a Short% of Shares Outstanding of 3069878 and a Short% of Float of 3.7900000000000005.
Earnings Estimates
Currently, 4 analysts are dedicated to thoroughly evaluating and rating the performance of Rambus Inc. (RMBS) in the stock market.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
A total of 3 analysts believe the company’s revenue will be $132M this quarter.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.
