Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
Rimini Street Inc. (NASDAQ: RMNI) closed the day trading at $2.55 down -2.30% from the previous closing price of $2.61. In other words, the price has decreased by -$2.30 from its previous closing price. On the day, 0.52 million shares were traded. RMNI stock price reached its highest trading level at $2.63 during the session, while it also had its lowest trading level at $2.43.
Ratios:
For a better understanding of RMNI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.50. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 0.79.
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, Craig Hallum on July 27, 2023, Downgraded its rating to Hold and sets its target price to $3 from $10 previously.
On March 03, 2022, Alliance Global Partners Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $10.50 to $8.50.
ROTH Capital Upgraded its Neutral to Buy on January 19, 2022, while the target price for the stock was maintained at $8.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 08 ’24 when Ravin Seth A. sold 82,071 shares for $2.98 per share. The transaction valued at 244,325 led to the insider holds 425,955 shares of the business.
Perica Michael L. sold 30,588 shares of RMNI for $91,060 on Apr 08 ’24. The EVP & Chief Financial Officer now owns 141,517 shares after completing the transaction at $2.98 per share. On Apr 08 ’24, another insider, Rowe David W., who serves as the EVP, Glob.Transform.&CPO of the company, sold 10,888 shares for $2.98 each. As a result, the insider received 32,414 and left with 385,941 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, RMNI now has a Market Capitalization of 230495760 and an Enterprise Value of 180774496. As of this moment, Rimini’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.51, and their Forward P/E ratio for the next fiscal year is 7.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.53. Its current Enterprise Value per Revenue stands at 0.418 whereas that against EBITDA is 3.651.
Stock Price History:
Over the past 52 weeks, RMNI has reached a high of $5.32, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is -15.42%, while the 200-Day Moving Average is calculated to be -11.16%.
Shares Statistics:
Over the past 3-months, RMNI traded about 249.27K shares per day on average, while over the past 10 days, RMNI traded about 226900 shares per day. A total of 89.59M shares are outstanding, with a floating share count of 45.87M. Insiders hold about 49.27% of the company’s shares, while institutions hold 39.39% stake in the company. Shares short for RMNI as of 1713139200 were 3851952 with a Short Ratio of 15.45, compared to 1710460800 on 3933360. Therefore, it implies a Short% of Shares Outstanding of 3851952 and a Short% of Float of 12.520000000000001.
