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The closing price of Rambus Inc. (NASDAQ: RMBS) was $43.26 for the day, down -0.03% from the previous closing price of $43.27. In other words, the price has decreased by -$0.03 from its previous closing price. On the day, 0.86 million shares were traded. RMBS stock price reached its highest trading level at $43.99 during the session, while it also had its lowest trading level at $42.81.
Ratios:
Our analysis of RMBS’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 10.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.15. For the most recent quarter (mrq), Quick Ratio is recorded 6.56 and its Current Ratio is at 7.18. 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:
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 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 4658779648 and an Enterprise Value of 4255634944. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.67, and their Forward P/E ratio for the next fiscal year is 17.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.75 while its Price-to-Book (P/B) ratio in mrq is 4.53. Its current Enterprise Value per Revenue stands at 8.912 whereas that against EBITDA is 25.153.
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 2.71%, while the 200-Day Moving Average is calculated to be -21.83%.
Shares Statistics:
RMBS traded an average of 1.90M shares per day over the past three months and 1049000 shares per day over the past ten days. A total of 107.85M shares are outstanding, with a floating share count of 106.95M. Insiders hold about 0.68% of the company’s shares, while institutions hold 90.25% stake in the company. Shares short for RMBS as of 1727654400 were 2920722 with a Short Ratio of 1.53, compared to 1724976000 on 3391007. Therefore, it implies a Short% of Shares Outstanding of 2920722 and a Short% of Float of 3.65.
