For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Reliance Inc. (NYSE: RS) closed the day trading at $292.13 down -6.83% from the previous closing price of $313.56. In other words, the price has decreased by -$6.83 from its previous closing price. On the day, 0.92 million shares were traded. RS stock price reached its highest trading level at $295.41 during the session, while it also had its lowest trading level at $281.22.
Ratios:
For a better understanding of RS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.95. For the most recent quarter (mrq), Quick Ratio is recorded 3.23 and its Current Ratio is at 5.66. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.17.
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 Mar 06 ’24 when Ajemyan Arthur sold 3,000 shares for $322.95 per share. The transaction valued at 968,850 led to the insider holds 15,577 shares of the business.
HOFFMAN JAMES DONALD sold 40,000 shares of RS for $12,917,867 on Feb 27 ’24. The Director now owns 54,042 shares after completing the transaction at $322.95 per share. On Feb 20 ’24, another insider, Lewis Karla R, who serves as the President, CEO of the company, sold 42,346 shares for $318.97 each. As a result, the insider received 13,507,138 and left with 84,534 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 16775798784 and an Enterprise Value of 18313916416. As of this moment, Reliance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.92, and their Forward P/E ratio for the next fiscal year is 14.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.13 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 1.237 whereas that against EBITDA is 9.227.
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 $229.12. The 50-Day Moving Average of the stock is -9.88%, while the 200-Day Moving Average is calculated to be 1.99%.
Shares Statistics:
Over the past 3-months, RS traded about 246.33K shares per day on average, while over the past 10 days, RS traded about 192350 shares per day. A total of 57.27M shares are outstanding, with a floating share count of 56.99M. Insiders hold about 0.76% of the company’s shares, while institutions hold 81.12% stake in the company. Shares short for RS as of 1713139200 were 678651 with a Short Ratio of 2.76, compared to 1710460800 on 866728. Therefore, it implies a Short% of Shares Outstanding of 678651 and a Short% of Float of 1.55.
Dividends & Splits
RS’s forward annual dividend rate is 4.10, up from 4.0 a year ago. Against a Trailing Annual Dividend Yield of 0.0127567295The stock’s 5-year Average Dividend Yield is 1.82.
