R1 RCM Inc. (NASDAQ: RCM) closed the day trading at $12.78 up 0.63% from the previous closing price of $12.70. In other words, the price has increased by $+0.08 from its previous closing price. On the day, 1396159 shares were traded.
Ratios:
For a better understanding of RCM, 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 30.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.61. For the most recent quarter (mrq), Quick Ratio is recorded 1.81 and its Current Ratio is at 1.81. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.60.
On March 20, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $16.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $14.Leerink Partners initiated its Outperform rating on February 26, 2024, with a $14 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 Mar 07 ’24 when SPARBY JOHN M. sold 10,046 shares for $14.33 per share. The transaction valued at 143,959 led to the insider holds 0 shares of the business.
HENNEMAN JOHN B III sold 50,000 shares of RCM for $858,650 on Aug 08 ’23. The Director now owns 72,114 shares after completing the transaction at $17.17 per share. On Jun 12 ’23, another insider, Evans Richard B. Jr., who serves as the Principal Accounting Officer of the company, sold 17,000 shares for $16.84 each. As a result, the insider received 286,229 and left with 124,007 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, RCM now has a Market Capitalization of 5.37B and an Enterprise Value of 6.94B. As of this moment, R1’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1800.00, and their Forward P/E ratio for the next fiscal year is 29.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.38 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 3.08 whereas that against EBITDA is 16.28.
Stock Price History:
Over the past 52 weeks, RCM has reached a high of $18.70, while it has fallen to a 52-week low of $8.87. The 50-Day Moving Average of the stock is 12.48, while the 200-Day Moving Average is calculated to be 13.35.
Shares Statistics:
Over the past 3-months, RCM traded about 3.97M shares per day on average, while over the past 10 days, RCM traded about 2.31M shares per day. A total of 420.20M shares are outstanding, with a floating share count of 150.47M. Insiders hold about 64.20% of the company’s shares, while institutions hold 39.49% stake in the company. Shares short for RCM as of Mar 15, 2024 were 12.44M with a Short Ratio of 3.01, compared to 28.93M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.96% and a Short% of Float of 7.96%.
Earnings Estimates
Current recommendations for the stock of the company come from 10 analysts. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.11 and a low estimate of -$0.07, while EPS last year was $0. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.13 and low estimates of -$0.09.
Analysts are recommending an EPS of between $0.5 and -$0.3 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0.23, with 12 analysts recommending between $0.77 and $0.01.
Revenue Estimates
15 analysts predict $610.36M in revenue for the current quarter. It ranges from a high estimate of $629.2M to a low estimate of $569M. As of the current estimate, R1 RCM Inc.’s year-ago sales were $545.6M, an estimated increase of 11.90% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $639.21M, an increase of 14.00% over than the figure of $11.90% in the same quarter last year. There is a high estimate of $651.4M for the next quarter, whereas the lowest estimate is $624M.
A total of 16 analysts have provided revenue estimates for RCM’s current fiscal year. The highest revenue estimate was $2.67B, while the lowest revenue estimate was $2.63B, resulting in an average revenue estimate of $2.64B. In the same quarter a year ago, actual revenue was $2.25B, up 17.30% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $2.96B in the next fiscal year. The high estimate is $3.08B and the low estimate is $2.76B. The average revenue growth estimate for next year is up 11.80% from the average revenue estimate for this year.
