In the latest session, Rambus Inc. (NASDAQ: RMBS) closed at $61.51 down -2.98% from its previous closing price of $63.40. In other words, the price has decreased by -$1.89 from its previous closing price. On the day, 1519712 shares were traded. RMBS stock price reached its highest trading level at $63.31 during the session, while it also had its lowest trading level at $60.77.
Ratios:
For a deeper understanding of Rambus Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.46. For the most recent quarter (mrq), Quick Ratio is recorded 6.67 and its Current Ratio is at 7.08. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
On May 18, 2023, Jefferies Downgraded its rating to Hold which previously was Buy and also upped its target price recommendation from $45 to $65.
On October 14, 2021, Rosenblatt started tracking the stock assigning a Buy rating and target price of $35.Rosenblatt initiated its Buy rating on October 14, 2021, with a $35 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 12 ’24 when Seraphin Luc sold 15,000 shares for $62.69 per share. The transaction valued at 940,301 led to the insider holds 289,755 shares of the business.
Shinn John sold 3,889 shares of RMBS for $243,751 on Mar 12 ’24. The SVP, General Counsel now owns 24,559 shares after completing the transaction at $62.68 per share. On Mar 11 ’24, another insider, Lynch Desmond, who serves as the SVP, CFO of the company, sold 7,837 shares for $62.18 each. As a result, the insider received 487,289 and left with 41,958 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, RMBS now has a Market Capitalization of 6.68B and an Enterprise Value of 6.29B. As of this moment, Rambus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.46, and their Forward P/E ratio for the next fiscal year is 24.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.39 while its Price-to-Book (P/B) ratio in mrq is 6.39. Its current Enterprise Value per Revenue stands at 13.64 whereas that against EBITDA is 26.52.
Stock Price History:
Over the past 52 weeks, RMBS has reached a high of $76.38, while it has fallen to a 52-week low of $40.48. The 50-Day Moving Average of the stock is 63.65, while the 200-Day Moving Average is calculated to be 60.90.
Shares Statistics:
For the past three months, RMBS has traded an average of 1.97M shares per day and 1.62M over the past ten days. A total of 107.85M shares are outstanding, with a floating share count of 107.14M. Insiders hold about 0.70% of the company’s shares, while institutions hold 89.82% stake in the company. Shares short for RMBS as of Feb 29, 2024 were 3.17M with a Short Ratio of 1.61, compared to 3.22M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.92% and a Short% of Float of 3.91%.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.45 for the current quarter, with a high estimate of $0.45 and a low estimate of $0.44, while EPS last year was $0.47. The consensus estimate for the next quarter is $0.44, with high estimates of $0.44 and low estimates of $0.44.
Analysts are recommending an EPS of between $1.77 and $1.75 for the fiscal current year, implying an average EPS of $1.76. EPS for the following year is $2.03, with 5 analysts recommending between $2.1 and $1.94.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $122.22M this quarter.It ranges from a high estimate of $134M to a low estimate of $134M. As of the current estimate, Rambus Inc.’s year-ago sales were $122.37M, an estimated decrease of -0.10% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $132M, a decrease of -9.60% less than the figure of -$0.10% in the same quarter last year. There is a high estimate of $132M for the next quarter, whereas the lowest estimate is $132M.
A total of 5 analysts have provided revenue estimates for RMBS’s current fiscal year. The highest revenue estimate was $557.3M, while the lowest revenue estimate was $556.6M, resulting in an average revenue estimate of $461.12M. In the same quarter a year ago, actual revenue was $454.79M, up 1.40% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $584.83M in the next fiscal year. The high estimate is $618M and the low estimate is $533.16M. The average revenue growth estimate for next year is up 26.80% from the average revenue estimate for this year.
