Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
In the latest session, Radnet Inc (NASDAQ: RDNT) closed at $79.16 down -2.10% from its previous closing price of $80.86. In other words, the price has decreased by -$2.10 from its previous closing price. On the day, 0.53 million shares were traded. RDNT stock price reached its highest trading level at $80.225 during the session, while it also had its lowest trading level at $78.11.
Ratios:
For a deeper understanding of Radnet Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 62.21. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 5985802240 and an Enterprise Value of 7072196608. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.31 while its Price-to-Book (P/B) ratio in mrq is 6.54. Its current Enterprise Value per Revenue stands at 3.989 whereas that against EBITDA is 28.466.
Stock Price History:
Over the past 52 weeks, RDNT has reached a high of $93.65, while it has fallen to a 52-week low of $33.44. The 50-Day Moving Average of the stock is 8.43%, while the 200-Day Moving Average is calculated to be 31.27%.
Shares Statistics:
For the past three months, RDNT has traded an average of 564.70K shares per day and 424710 over the past ten days. A total of 73.98M shares are outstanding, with a floating share count of 64.80M. Insiders hold about 12.46% of the company’s shares, while institutions hold 85.49% stake in the company. Shares short for RDNT as of 1731628800 were 3475065 with a Short Ratio of 6.15, compared to 1728950400 on 3703380. Therefore, it implies a Short% of Shares Outstanding of 3475065 and a Short% of Float of 5.5999998.
