For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $50.85 in the prior trading day, Radnet Inc (NASDAQ: RDNT) closed at $51.83, up 1.93%. In other words, the price has increased by $1.93 from its previous closing price. On the day, 1.17 million shares were traded.
Ratios:
Our goal is to gain a better understanding of RDNT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 85.36. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 1.92 whereas as Long-Term Debt/Eq ratio is at 1.83.
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, Barclays on September 06, 2024, Upgraded its rating to Overweight and sets its target price to $79 from $57 previously.
On March 06, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $48.
On August 31, 2023, Truist started tracking the stock assigning a Buy rating and target price of $40.Truist initiated its Buy rating on August 31, 2023, with a $40 target price.
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 Nov 25 ’24 when Katz David Jeffrey sold 12,300 shares for $81.65 per share. The transaction valued at 1,004,252 led to the insider holds 62,909 shares of the business.
Katz David Jeffrey bought 12,300 shares of RDNT for $1,009,092 on Nov 25 ’24. On Nov 19 ’24, another insider, Jayanathan Ranjan, who serves as the Chief Information Officer of the company, sold 38,557 shares for $80.00 each. As a result, the insider received 3,084,560 and left with 192,724 shares of the company.
Valuation Measures:
As of this moment, Radnet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1585.02, and their Forward P/E ratio for the next fiscal year is 64.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.10 while its Price-to-Book (P/B) ratio in mrq is 4.25.
Stock Price History:
Over the past 52 weeks, RDNT has reached a high of $93.65, while it has fallen to a 52-week low of $42.45. The 50-Day Moving Average of the stock is -20.36%, while the 200-Day Moving Average is calculated to be -21.41%.
Shares Statistics:
A total of 74.04M shares are outstanding, with a floating share count of 64.78M. Insiders hold about 12.49% of the company’s shares, while institutions hold 87.43% stake in the company.
Earnings Estimates
The dynamic stock of Radnet Inc (RDNT) is currently attracting attention from 2.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is $0.14, with high estimates of $0.19 and low estimates of $0.1.
Analysts are recommending an EPS of between $0.54 and $0.51 for the fiscal current year, implying an average EPS of $0.52. EPS for the following year is $1.0, with 4.0 analysts recommending between $1.5 and $0.61.
Revenue Estimates
3 analysts predict $446.07M in revenue for the current quarter. It ranges from a high estimate of $463.63M to a low estimate of $431.6M. As of the current estimate, Radnet Inc’s year-ago sales were $431.71MFor the next quarter, 3 analysts are estimating revenue of $492.93M. There is a high estimate of $501.8M for the next quarter, whereas the lowest estimate is $486M.
A total of 3 analysts have provided revenue estimates for RDNT’s current fiscal year. The highest revenue estimate was $1.96B, while the lowest revenue estimate was $1.92B, resulting in an average revenue estimate of $1.93B. In the same quarter a year ago, actual revenue was $1.83BBased on 3 analysts’ estimates, the company’s revenue will be $2.09B in the next fiscal year. The high estimate is $2.13B and the low estimate is $2.04B.
