The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Reliance Inc (NYSE: RS) closed at $280.07 down -2.69% from its previous closing price of $287.82. In other words, the price has decreased by -$2.69 from its previous closing price. On the day, 0.68 million shares were traded. RS stock price reached its highest trading level at $285.655 during the session, while it also had its lowest trading level at $277.515.
Ratios:
For a deeper understanding of Reliance 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 48.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.58 and its Current Ratio is at 3.31. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.15.
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 this company, Goldman on December 02, 2024, initiated with a Neutral rating and assigned the stock a target price of $341.
On July 26, 2024, Wolfe Research Downgraded its rating to Underperform which previously was Peer Perform but kept the price unchanged to $262.
Citigroup Downgraded its Buy to Neutral on April 11, 2024, while the target price for the stock was maintained at $380.
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 Dec 02 ’24 when Lewis Karla R sold 3,892 shares for $323.90 per share. The transaction valued at 1,260,604 led to the insider holds 85,117 shares of the business.
Lewis Karla R bought 3,892 shares of RS for $1,260,613 on Dec 02 ’24. On Nov 06 ’24, another insider, Smith William A II, who serves as the SVP, General Counsel, Corp Sec of the company, sold 6,500 shares for $321.71 each. As a result, the insider received 2,091,115 and left with 16,849 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, RS now has a Market Capitalization of 15157473280 and an Enterprise Value of 16391761920. As of this moment, Reliance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.38, and their Forward P/E ratio for the next fiscal year is 16.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 25.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08 while its Price-to-Book (P/B) ratio in mrq is 2.06. Its current Enterprise Value per Revenue stands at 1.167 whereas that against EBITDA is 10.185.
Stock Price History:
Over the past 52 weeks, RS has reached a high of $342.20, while it has fallen to a 52-week low of $264.99. The 50-Day Moving Average of the stock is -7.52%, while the 200-Day Moving Average is calculated to be -6.22%.
Shares Statistics:
For the past three months, RS has traded an average of 326.00K shares per day and 297470 over the past ten days. A total of 54.12M shares are outstanding, with a floating share count of 53.77M. Insiders hold about 0.65% of the company’s shares, while institutions hold 82.35% stake in the company. Shares short for RS as of 1732838400 were 1239153 with a Short Ratio of 3.80, compared to 1730332800 on 1176137. Therefore, it implies a Short% of Shares Outstanding of 1239153 and a Short% of Float of 3.06.
Dividends & Splits
According to the company, the forward annual dividend rate for RS is 4.40, from 4.3 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014939893The stock’s 5-year Average Dividend Yield is 1.73.
