R1 RCM Inc. (RCM) concluded trading on Thursady at a closing price of $11.14, with 4.47 million shares of worth about $49.74 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -32.65% during that period and on Thursady the price saw a gain of about 4.31%. Currently the company’s common shares owned by public are about 417.72M shares, out of which, 149.63M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 26 times over the past 12 months. They bought 490,008 shares in 22 of the transactions. In 4 selling transactions, insiders dumped 99,000 shares.
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However, the stock later moved at a day high price of 11.35, or with a gain of 4.31%. Stock saw a price change of 1.36% in past 5 days and over the past one month there was a price change of 6.81%. Year-to-date (YTD), RCM shares are showing a performance of 5.39% which decreased to -19.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.87 but also hit the highest price of $18.70 during that period. The average intraday trading volume for R1 RCM Inc. shares is 3.88 million. The stock is currently trading 5.31% above its 20-day simple moving average (SMA20), while that difference is up 7.88% for SMA50 and it goes to -20.14% lower than SMA200.
R1 RCM Inc. (NASDAQ: RCM) currently have 417.72M outstanding shares and institutions hold larger chunk of about 39.59% of that.
The stock has a current market capitalization of $4.67B and its 3Y-monthly beta is at 0.72. It has posted earnings per share of -$0.08 in the same period. It has Quick Ratio of 1.89 while making debt-to-equity ratio of 0.66. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RCM, volatility over the week remained 3.78% while standing at 4.42% over the month.
Analysts are in expectations that R1 RCM Inc. (RCM) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter EPS is $0.02 and it is $0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is $0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 240.13% while it is estimated to increase by 27.13% in next year. EPS is likely to shrink at an annualized rate of -2.50% for next 5-years, compared to annual growth of 24.86% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on January 03, 2024 offering an Overweight rating for the stock and assigned a target price of $14 to it. Coverage by Morgan Stanley stated R1 RCM Inc. (RCM) stock as an Overweight in their note to investors on December 15, 2023, suggesting a price target of $17 for the stock. On December 13, 2023, JP Morgan Downgrade their recommendations, while on October 19, 2023, Truist Upgrade their ratings for the stock with a price target of $18. Stock get a Buy rating from Citigroup on September 22, 2023.
