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After finishing at $59.68 in the prior trading day, Radnet Inc (NASDAQ: RDNT) closed at $59.75, up 0.12%. In other words, the price has increased by $0.12 from its previous closing price. On the day, 0.55 million shares were traded. RDNT stock price reached its highest trading level at $61.38 during the session, while it also had its lowest trading level at $59.63.
Ratios:
Our goal is to gain a better understanding of RDNT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 162.05. For the most recent quarter (mrq), Quick Ratio is recorded 1.86 and its Current Ratio is at 1.86. In the meantime, Its Debt-to-Equity ratio is 1.74 whereas as Long-Term Debt/Eq ratio is at 1.66.
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, Barclays on March 06, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $48.
On August 31, 2023, Truist started tracking the stock assigning a Buy rating and target price of $40.
On March 31, 2023, CJS Securities started tracking the stock assigning a Market Outperform rating and target price of $30.CJS Securities initiated its Market Outperform rating on March 31, 2023, with a $30 target price.
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 Jun 18 ’24 when Patel Mital sold 29,800 shares for $59.00 per share. The transaction valued at 1,758,200 led to the insider holds 202,146 shares of the business.
SPURLOCK GREGORY E. sold 7,167 shares of RDNT for $428,228 on Jun 18 ’24. The Director now owns 2,591 shares after completing the transaction at $59.75 per share. On Jun 17 ’24, another insider, Patel Mital, who serves as the EVP, Chief Admin Officer of the company, sold 10,200 shares for $60.00 each. As a result, the insider received 612,000 and left with 231,946 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 4414335488 and an Enterprise Value of 5609687040. As of this moment, Radnet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 183.96, and their Forward P/E ratio for the next fiscal year is 73.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.66 while its Price-to-Book (P/B) ratio in mrq is 5.06. Its current Enterprise Value per Revenue stands at 3.384 whereas that against EBITDA is 24.31.
Stock Price History:
Over the past 52 weeks, RDNT has reached a high of $66.04, while it has fallen to a 52-week low of $25.11. The 50-Day Moving Average of the stock is -0.09%, while the 200-Day Moving Average is calculated to be 34.08%.
Shares Statistics:
The stock has traded on average 582.25K shares per day over the past 3-months and 563150 shares per day over the last 10 days, according to various share statistics. A total of 67.96M shares are outstanding, with a floating share count of 64.07M. Insiders hold about 13.28% of the company’s shares, while institutions hold 82.23% stake in the company. Shares short for RDNT as of 1721001600 were 3075817 with a Short Ratio of 5.28, compared to 1718323200 on 2526459. Therefore, it implies a Short% of Shares Outstanding of 3075817 and a Short% of Float of 4.96.
