The price of Rambus Inc. (NASDAQ: RMBS) closed at $59.24 in the last session, up 4.19% from day before closing price of $56.86. In other words, the price has increased by $+2.38 from its previous closing price. On the day, 1688011 shares were traded.
Ratios:
We take a closer look at RMBS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.04. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 20 when FAN XIANZHI SEAN sold 2,004 shares for $55.00 per share. The transaction valued at 110,220 led to the insider holds 121,229 shares of the business.
FAN XIANZHI SEAN sold 20,000 shares of RMBS for $1,170,614 on Feb 12. The SVP, COO now owns 123,233 shares after completing the transaction at $58.53 per share. On Feb 05, another insider, FAN XIANZHI SEAN, who serves as the SVP, COO of the company, sold 20,000 shares for $68.73 each. As a result, the insider received 1,374,688 and left with 143,233 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 6.39B and an Enterprise Value of 5.99B. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.71, and their Forward P/E ratio for the next fiscal year is 23.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.86 while its Price-to-Book (P/B) ratio in mrq is 6.15. Its current Enterprise Value per Revenue stands at 12.99 whereas that against EBITDA is 25.27.
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 $40.48. The 50-Day Moving Average of the stock is 64.76, while the 200-Day Moving Average is calculated to be 60.57.
Shares Statistics:
According to the various share statistics, RMBS traded on average about 1.93M shares per day over the past 3-months and 1.36M shares per day over the past 10 days. A total of 107.85M shares are outstanding, with a floating share count of 107.08M. Insiders hold about 0.75% of the company’s shares, while institutions hold 89.80% stake in the company. Shares short for RMBS as of Feb 15, 2024 were 3.07M with a Short Ratio of 1.59, compared to 2.96M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.85% and a Short% of Float of 3.99%.
Earnings Estimates
The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.45 for the current quarter, with a high estimate of $0.45 and a low estimate of $0.44, while EPS last year was $0.47. The consensus estimate for the next quarter is $0.44, with high estimates of $0.44 and low estimates of $0.44.
Analysts are recommending an EPS of between $1.77 and $1.75 for the fiscal current year, implying an average EPS of $1.76. EPS for the following year is $2.03, with 5 analysts recommending between $2.1 and $1.94.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $122.22M. It ranges from a high estimate of $134M to a low estimate of $134M. As of the current estimate, Rambus Inc.’s year-ago sales were $122.37M, an estimated decrease of -0.10% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $132M, a decrease of -9.60% less than the figure of -$0.10% in the same quarter last year. There is a high estimate of $132M for the next quarter, whereas the lowest estimate is $132M.
A total of 5 analysts have provided revenue estimates for RMBS’s current fiscal year. The highest revenue estimate was $557.3M, while the lowest revenue estimate was $556.6M, resulting in an average revenue estimate of $461.12M. In the same quarter a year ago, actual revenue was $454.79M, up 1.40% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $584.83M in the next fiscal year. The high estimate is $618M and the low estimate is $533.16M. The average revenue growth estimate for next year is up 26.80% from the average revenue estimate for this year.
