After finishing at $13.95 in the prior trading day, R1 RCM Inc. (NASDAQ: RCM) closed at $13.67, down -2.01%. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 2759906 shares were traded.
Ratios:
Our goal is to gain a better understanding of RCM 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 33.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.18. For the most recent quarter (mrq), Quick Ratio is recorded 1.81 and its Current Ratio is at 1.81. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.60.
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, Leerink Partners on February 26, 2024, initiated with a Outperform rating and assigned the stock a target price of $14.
On January 03, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $14.
Morgan Stanley Upgraded its Equal-Weight to Overweight on December 15, 2023, whereas the target price for the stock was revised from $17.50 to $17.
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 Mar 07 ’24 when SPARBY JOHN M. sold 10,046 shares for $14.33 per share. The transaction valued at 143,959 led to the insider holds 0 shares of the business.
HENNEMAN JOHN B III sold 50,000 shares of RCM for $858,650 on Aug 08 ’23. The Director now owns 72,114 shares after completing the transaction at $17.17 per share. On Jun 12 ’23, another insider, Evans Richard B. Jr., who serves as the Principal Accounting Officer of the company, sold 17,000 shares for $16.84 each. As a result, the insider received 286,229 and left with 124,007 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, RCM now has a Market Capitalization of 5.75B and an Enterprise Value of 7.31B. As of this moment, R1’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1925.35, and their Forward P/E ratio for the next fiscal year is 30.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.55 while its Price-to-Book (P/B) ratio in mrq is 2.09. Its current Enterprise Value per Revenue stands at 3.24 whereas that against EBITDA is 17.16.
Stock Price History:
Over the past 52 weeks, RCM has reached a high of $18.70, while it has fallen to a 52-week low of $8.87. The 50-Day Moving Average of the stock is 11.35, while the 200-Day Moving Average is calculated to be 13.74.
Shares Statistics:
The stock has traded on average 4.37M shares per day over the past 3-months and 3.68M shares per day over the last 10 days, according to various share statistics. A total of 420.20M shares are outstanding, with a floating share count of 150.56M. Insiders hold about 64.18% of the company’s shares, while institutions hold 39.54% stake in the company. Shares short for RCM as of Feb 29, 2024 were 17.49M with a Short Ratio of 4.00, compared to 27.5M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.16% and a Short% of Float of 11.19%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of -$0.02 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.07, while EPS last year was $0. The consensus estimate for the next quarter is -$0.04, with high estimates of $0.02 and low estimates of -$0.09.
Analysts are recommending an EPS of between $0.11 and -$0.3 for the fiscal current year, implying an average EPS of -$0.07. EPS for the following year is $0.2, with 10 analysts recommending between $0.42 and $0.01.
Revenue Estimates
12 analysts predict $615.16M in revenue for the current quarter. It ranges from a high estimate of $631.48M to a low estimate of $569.42M. As of the current estimate, R1 RCM Inc.’s year-ago sales were $545.6M, an estimated increase of 12.70% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $641.8M, an increase of 14.50% over than the figure of $12.70% in the same quarter last year. There is a high estimate of $664.01M for the next quarter, whereas the lowest estimate is $614.9M.
A total of 14 analysts have provided revenue estimates for RCM’s current fiscal year. The highest revenue estimate was $2.67B, while the lowest revenue estimate was $2.52B, resulting in an average revenue estimate of $2.64B. In the same quarter a year ago, actual revenue was $2.25B, up 17.10% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $2.98B in the next fiscal year. The high estimate is $3.08B and the low estimate is $2.81B. The average revenue growth estimate for next year is up 12.80% from the average revenue estimate for this year.
