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The closing price of Radnet Inc (NASDAQ: RDNT) was $63.91 for the day, down -0.76% from the previous closing price of $64.40. In other words, the price has decreased by -$0.76 from its previous closing price. On the day, 0.63 million shares were traded. RDNT stock price reached its highest trading level at $64.635 during the session, while it also had its lowest trading level at $62.235.
Ratios:
Our analysis of RDNT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 69.56. 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 1.95 whereas as Long-Term Debt/Eq ratio is at 1.86.
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, Barclays on March 06, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $48.
On August 31, 2023, Truist started tracking the stock assigning a Buy rating and target price of $40.
On March 31, 2023, CJS Securities started tracking the stock assigning a Market Outperform rating and target price of $30.CJS Securities initiated its Market Outperform rating on March 31, 2023, with a $30 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 18 ’24 when Patel Mital sold 29,800 shares for $59.00 per share. The transaction valued at 1,758,200 led to the insider holds 202,146 shares of the business.
Patel Mital sold 10,200 shares of RDNT for $612,000 on Jun 17 ’24. The EVP, Chief Admin Officer now owns 231,946 shares after completing the transaction at $60.00 per share. On Jun 18 ’24, another insider, SPURLOCK GREGORY E., who serves as the Director of the company, sold 7,167 shares for $59.75 each. As a result, the insider received 428,228 and left with 2,591 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, RDNT now has a Market Capitalization of 4726610944 and an Enterprise Value of 5915046400. As of this moment, Radnet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 435.35, and their Forward P/E ratio for the next fiscal year is 95.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 29.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.76 while its Price-to-Book (P/B) ratio in mrq is 5.37. Its current Enterprise Value per Revenue stands at 3.451 whereas that against EBITDA is 24.424.
Stock Price History:
Over the past 52 weeks, RDNT has reached a high of $66.04, while it has fallen to a 52-week low of $25.11. The 50-Day Moving Average of the stock is 6.10%, while the 200-Day Moving Average is calculated to be 37.01%.
Shares Statistics:
RDNT traded an average of 590.33K shares per day over the past three months and 588760 shares per day over the past ten days. A total of 67.96M shares are outstanding, with a floating share count of 64.07M. Insiders hold about 13.37% of the company’s shares, while institutions hold 83.04% stake in the company. Shares short for RDNT as of 1722384000 were 2990161 with a Short Ratio of 5.07, compared to 1719532800 on 3045331. Therefore, it implies a Short% of Shares Outstanding of 2990161 and a Short% of Float of 4.81.
