The price of Rimini Street Inc. (NASDAQ: RMNI) closed at $2.96 in the last session, up 2.78% from day before closing price of $2.88. In other words, the price has increased by $+0.0800 from its previous closing price. On the day, 693432 shares were traded. RMNI stock price reached its highest trading level at $2.9600 during the session, while it also had its lowest trading level at $2.7400.
Ratios:
We take a closer look at RMNI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.68. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.80.
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, Craig Hallum on July 27, 2023, Downgraded its rating to Hold and sets its target price to $3 from $10 previously.
On March 03, 2022, Alliance Global Partners Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $10.50 to $8.50.
ROTH Capital Upgraded its Neutral to Buy on January 19, 2022, while the target price for the stock was maintained at $8.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 266.06M and an Enterprise Value of 222.47M. As of this moment, Rimini’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.15, and their Forward P/E ratio for the next fiscal year is 6.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.62. Its current Enterprise Value per Revenue stands at 0.52 whereas that against EBITDA is 4.11.
Stock Price History:
Over the past 52 weeks, RMNI has reached a high of $5.32, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is 3.1532, while the 200-Day Moving Average is calculated to be 3.0449.
Shares Statistics:
According to the various share statistics, RMNI traded on average about 263.66K shares per day over the past 3-months and 305.18k shares per day over the past 10 days. A total of 89.59M shares are outstanding, with a floating share count of 45.63M. Insiders hold about 49.23% of the company’s shares, while institutions hold 39.75% stake in the company. Shares short for RMNI as of Mar 15, 2024 were 3.93M with a Short Ratio of 14.92, compared to 3.83M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.38% and a Short% of Float of 7.29%.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.12 and a low estimate of $0.08, while EPS last year was $0.12. The consensus estimate for the next quarter is $0.1, with high estimates of $0.12 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.51 and $0.34 for the fiscal current year, implying an average EPS of $0.45. EPS for the following year is $0.58, with 1 analysts recommending between $0.58 and $0.58.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $106.21M. It ranges from a high estimate of $108.68M to a low estimate of $100.24M. As of the current estimate, Rimini Street Inc.’s year-ago sales were $105.51M, an estimated increase of 0.70% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $107.29M, an increase of 1.80% over than the figure of $0.70% in the same quarter last year. There is a high estimate of $109.61M for the next quarter, whereas the lowest estimate is $101.1M.
A total of 4 analysts have provided revenue estimates for RMNI’s current fiscal year. The highest revenue estimate was $447.5M, while the lowest revenue estimate was $409.92M, resulting in an average revenue estimate of $436.18M. In the same quarter a year ago, actual revenue was $431.5M, up 1.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $471.33M in the next fiscal year. The high estimate is $476M and the low estimate is $466.66M. The average revenue growth estimate for next year is up 8.10% from the average revenue estimate for this year.
