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The closing price of Rimini Street Inc (NASDAQ: RMNI) was $2.79 for the day, up 2.20% from the previous closing price of $2.73. In other words, the price has increased by $2.20 from its previous closing price. On the day, 0.16 million shares were traded. RMNI stock price reached its highest trading level at $2.855 during the session, while it also had its lowest trading level at $2.72.
Ratios:
Our analysis of RMNI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 0.66.
Craig Hallum Downgraded its Buy to Hold on July 27, 2023, whereas the target price for the stock was revised from $10 to $3.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 13 ’24 when Ravin Seth A. sold 14,375 shares for $2.20 per share. The transaction valued at 31,695 led to the insider holds 444,914 shares of the business.
Perica Michael L. sold 3,433 shares of RMNI for $7,569 on Dec 13 ’24. The EVP & Chief Financial Officer now owns 154,259 shares after completing the transaction at $2.20 per share. On Aug 05 ’24, another insider, Perica Michael L., who serves as the EVP & Chief Financial Officer of the company, sold 2,082 shares for $1.82 each. As a result, the insider received 3,798 and left with 149,358 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 253666800 and an Enterprise Value of 192860320. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60. Its current Enterprise Value per Revenue stands at 0.452 whereas that against EBITDA is 4.718.
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 $1.53. The 50-Day Moving Average of the stock is 37.61%, while the 200-Day Moving Average is calculated to be 17.31%.
Shares Statistics:
RMNI traded an average of 354.20K shares per day over the past three months and 806530 shares per day over the past ten days. A total of 90.84M shares are outstanding, with a floating share count of 47.37M. Insiders hold about 47.89% of the company’s shares, while institutions hold 40.13% stake in the company. Shares short for RMNI as of 1732838400 were 1440498 with a Short Ratio of 4.07, compared to 1730332800 on 2090659. Therefore, it implies a Short% of Shares Outstanding of 1440498 and a Short% of Float of 4.6.
