The closing price of Rambus Inc. (NASDAQ: RMBS) was $62.33 for the day, up 4.32% from the previous closing price of $59.75. In other words, the price has increased by $+2.58 from its previous closing price. On the day, 947684 shares were traded. RMBS stock price reached its highest trading level at $62.37 during the session, while it also had its lowest trading level at $59.99.
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 15.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.22. For the most recent quarter (mrq), Quick Ratio is recorded 6.67 and its Current Ratio is at 7.08. 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 Apr 09 ’24 when Seraphin Luc sold 15,000 shares for $61.35 per share. The transaction valued at 920,278 led to the insider holds 268,321 shares of the business.
Seraphin Luc sold 15,000 shares of RMBS for $899,018 on Apr 02 ’24. The President and CEO now owns 283,321 shares after completing the transaction at $59.93 per share. On Mar 26 ’24, another insider, Seraphin Luc, who serves as the President and CEO of the company, sold 15,000 shares for $62.69 each. As a result, the insider received 940,371 and left with 259,755 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 6.77B and an Enterprise Value of 6.37B. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.73, and their Forward P/E ratio for the next fiscal year is 24.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.68 while its Price-to-Book (P/B) ratio in mrq is 6.48. Its current Enterprise Value per Revenue stands at 13.82 whereas that against EBITDA is 26.88.
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 $43.58. The 50-Day Moving Average of the stock is 60.61, while the 200-Day Moving Average is calculated to be 60.76.
Shares Statistics:
RMBS traded an average of 1.64M shares per day over the past three months and 1.17M shares per day over the past ten days. A total of 107.85M shares are outstanding, with a floating share count of 107.82M. Insiders hold about 0.69% of the company’s shares, while institutions hold 89.42% stake in the company. Shares short for RMBS as of Mar 28, 2024 were 3.07M with a Short Ratio of 1.87, compared to 3.17M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.83% and a Short% of Float of 3.79%.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of $0.44 for the current quarter, with a high estimate of $0.44 and a low estimate of $0.44, while EPS last year was $0.44. The consensus estimate for the next quarter is $0.46, with high estimates of $0.48 and low estimates of $0.44.
Analysts are recommending an EPS of between $2.1 and $1.94 for the fiscal current year, implying an average EPS of $2.03. EPS for the following year is $2.51, with 5 analysts recommending between $2.72 and $2.37.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $132M to a low estimate of $132M. As of the current estimate, Rambus Inc.’s year-ago sales were $146M, an estimated decrease of -9.60% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $138.63M, an increase of 4.10% over than the figure of -$9.60% in the same quarter last year. There is a high estimate of $140.2M for the next quarter, whereas the lowest estimate is $137M.
A total of 5 analysts have provided revenue estimates for RMBS’s current fiscal year. The highest revenue estimate was $618M, while the lowest revenue estimate was $533.16M, resulting in an average revenue estimate of $584.83M. In the same quarter a year ago, actual revenue was $680.83M, down -14.10% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $729.54M in the next fiscal year. The high estimate is $774.4M and the low estimate is $681.31M. The average revenue growth estimate for next year is up 24.70% from the average revenue estimate for this year.
