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After finishing at $59.41 in the prior trading day, Rambus Inc. (NASDAQ: RMBS) closed at $56.80, down -4.39%. In other words, the price has decreased by -$4.39 from its previous closing price. On the day, 2.17 million shares were traded. RMBS stock price reached its highest trading level at $60.24 during the session, while it also had its lowest trading level at $56.64.
Ratios:
Our goal is to gain a better understanding of RMBS 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 15.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.49. For the most recent quarter (mrq), Quick Ratio is recorded 6.40 and its Current Ratio is at 6.98. 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:
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 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 6121960960 and an Enterprise Value of 5761510400. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.34, and their Forward P/E ratio for the next fiscal year is 23.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.16 while its Price-to-Book (P/B) ratio in mrq is 6.17. Its current Enterprise Value per Revenue stands at 12.384 whereas that against EBITDA is 35.993.
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 $48.13. The 50-Day Moving Average of the stock is -2.86%, while the 200-Day Moving Average is calculated to be -7.04%.
Shares Statistics:
The stock has traded on average 1.29M shares per day over the past 3-months and 1553500 shares per day over the last 10 days, according to various share statistics. A total of 107.85M shares are outstanding, with a floating share count of 107.05M. Insiders hold about 0.68% of the company’s shares, while institutions hold 91.73% stake in the company. Shares short for RMBS as of 1721001600 were 3568847 with a Short Ratio of 2.77, compared to 1718323200 on 3253686. Therefore, it implies a Short% of Shares Outstanding of 3568847 and a Short% of Float of 4.4499997.
