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As of close of business last night, Radnet Inc’s stock clocked out at $67.17, up 1.87% from its previous closing price of $65.94. In other words, the price has increased by $1.87 from its previous closing price. On the day, 1.37 million shares were traded. RDNT stock price reached its highest trading level at $68.63 during the session, while it also had its lowest trading level at $65.51.
Ratios:
To gain a deeper understanding of RDNT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 52.79. For the most recent quarter (mrq), Quick Ratio is recorded 2.16 and its Current Ratio is at 2.16. In the meantime, Its Debt-to-Equity ratio is 1.94 whereas as Long-Term Debt/Eq ratio is at 1.85.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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:
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 4972373504 and an Enterprise Value of 6184615936. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.80 while its Price-to-Book (P/B) ratio in mrq is 5.55. Its current Enterprise Value per Revenue stands at 3.488 whereas that against EBITDA is 24.894.
Stock Price History:
The Beta on a monthly basis for RDNT is 1.79, which has changed by 0.7579168 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, RDNT has reached a high of $93.65, while it has fallen to a 52-week low of $35.16. The 50-Day Moving Average of the stock is -8.89%, while the 200-Day Moving Average is calculated to be 3.89%.
Shares Statistics:
It appears that RDNT traded 646.41K shares on average per day over the past three months and 1211590 shares per day over the past ten days. A total of 73.98M shares are outstanding, with a floating share count of 64.78M. Insiders hold about 12.49% of the company’s shares, while institutions hold 85.93% stake in the company. Shares short for RDNT as of 1736899200 were 4854202 with a Short Ratio of 7.51, compared to 1734048000 on 3894173. Therefore, it implies a Short% of Shares Outstanding of 4854202 and a Short% of Float of 7.8200005.
