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After finishing at $3.15 in the prior trading day, Rimini Street Inc. (NASDAQ: RMNI) closed at $2.22, down -29.52%. In other words, the price has decreased by -$29.52 from its previous closing price. On the day, 1.05 million shares were traded. RMNI stock price reached its highest trading level at $2.78 during the session, while it also had its lowest trading level at $2.21.
Ratios:
Our goal is to gain a better understanding of RMNI 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 1.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 0.79.
On July 27, 2023, Craig Hallum Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $10 to $3.
Alliance Global Partners Upgraded its Neutral to Buy on March 03, 2022, whereas the target price for the stock was revised from $10.50 to $8.50.
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 Apr 08 ’24 when Ravin Seth A. sold 82,071 shares for $2.98 per share. The transaction valued at 244,325 led to the insider holds 425,955 shares of the business.
Perica Michael L. sold 30,588 shares of RMNI for $91,060 on Apr 08 ’24. The EVP & Chief Financial Officer now owns 141,517 shares after completing the transaction at $2.98 per share. On Apr 08 ’24, another insider, Rowe David W., who serves as the EVP, Glob.Transform.&CPO of the company, sold 10,888 shares for $2.98 each. As a result, the insider received 32,414 and left with 385,941 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, RMNI now has a Market Capitalization of 200710208 and an Enterprise Value of 235020496. As of this moment, Rimini’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.15, and their Forward P/E ratio for the next fiscal year is 6.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46. Its current Enterprise Value per Revenue stands at 0.543 whereas that against EBITDA is 4.747.
Stock Price History:
Over the past 52 weeks, RMNI has reached a high of $3.43, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is -22.04%, while the 200-Day Moving Average is calculated to be -24.33%.
Shares Statistics:
The stock has traded on average 231.28K shares per day over the past 3-months and 247330 shares per day over the last 10 days, according to various share statistics. A total of 89.59M shares are outstanding, with a floating share count of 45.59M. Insiders hold about 49.57% of the company’s shares, while institutions hold 40.83% stake in the company. Shares short for RMNI as of 1721001600 were 2477688 with a Short Ratio of 10.71, compared to 1718323200 on 2921790. Therefore, it implies a Short% of Shares Outstanding of 2477688 and a Short% of Float of 8.05.
