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The price of Rambus Inc (NASDAQ: RMBS) closed at $57.70 in the last session, up 14.80% from day before closing price of $50.26. In other words, the price has increased by $14.80 from its previous closing price. On the day, 2.71 million shares were traded. RMBS stock price reached its highest trading level at $57.85 during the session, while it also had its lowest trading level at $53.525.
Ratios:
We take a closer look at RMBS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.52. For the most recent quarter (mrq), Quick Ratio is recorded 7.60 and its Current Ratio is at 8.26. 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 this company, Wells Fargo on Nov-07-24, initiated with a Overweight rating and assigned the stock a target price of $62.
Jefferies Downgraded its Buy to Hold on May 18, 2023, whereas the target price for the stock was revised from $45 to $65.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 08 ’24 when STANG ERIC B sold 6,000 shares for $55.85 per share. The transaction valued at 335,100 led to the insider holds 26,422 shares of the business.
STANG ERIC B sold 5,408 shares of RMBS for $307,986 on May 07 ’24. The Director now owns 32,422 shares after completing the transaction at $56.95 per share. On Apr 16 ’24, another insider, Seraphin Luc, who serves as the President and CEO of the company, sold 5,530 shares for $58.66 each. As a result, the insider received 324,390 and left with 262,791 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 6149377536 and an Enterprise Value of 5746896896. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.83, and their Forward P/E ratio for the next fiscal year is 24.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.88 while its Price-to-Book (P/B) ratio in mrq is 5.92. Its current Enterprise Value per Revenue stands at 11.1 whereas that against EBITDA is 28.714.
Stock Price History:
Over the past 52 weeks, RMBS has reached a high of $76.38, while it has fallen to a 52-week low of $37.42. The 50-Day Moving Average of the stock is 35.77%, while the 200-Day Moving Average is calculated to be 7.38%.
Shares Statistics:
According to the various share statistics, RMBS traded on average about 1.69M shares per day over the past 3-months and 1514400 shares per day over the past 10 days. A total of 107.85M shares are outstanding, with a floating share count of 105.87M. Insiders hold about 0.66% of the company’s shares, while institutions hold 93.11% stake in the company. Shares short for RMBS as of 1728950400 were 2660958 with a Short Ratio of 1.57, compared to 1726185600 on 3929633. Therefore, it implies a Short% of Shares Outstanding of 2660958 and a Short% of Float of 3.37.
