R1 RCM Inc. (RCM): Street Finally Waking Up

Currently, there are 420.20M common shares owned by the public and among those 150.47M shares have been available to trade.

The company’s stock has a 5-day price change of -3.45% and 19.30% over the past three months. RCM shares are trading 19.30% year to date (YTD), with the 12-month market performance down to -15.65% lower. It has a 12-month low price of $8.87 and touched a high of $18.70 over the same period. RCM has an average intraday trading volume of 4.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.31%, 4.24%, and -6.84% respectively.

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Institutional ownership of R1 RCM Inc. (NASDAQ: RCM) shares accounts for 39.54% of the company’s 420.20M shares outstanding.

It has a market capitalization of $5.30B and a beta (3y monthly) value of 0.78. The stock’s trailing 12-month PE ratio is 1776.06, while the earnings-per-share (ttm) stands at $0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.45% over the week and 2.77% over the month.

Analysts forecast that R1 RCM Inc. (RCM) will achieve an EPS of $0 for the current quarter, -$0.02 for the next quarter and $0.24 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of $0.11. Comparatively, EPS for the current quarter was $0 a year ago. Earnings per share for the fiscal year are expected to decrease by -67.29%, and 79.96% over the next financial year.

Looking at the support for the RCM, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on March 20, 2024, with the firm’s price target at $16. Leerink Partners coverage for the R1 RCM Inc. (RCM) stock in a research note released on February 26, 2024 offered a Outperform rating with a price target of $14. Barclays was of a view on January 03, 2024 that the stock is Overweight, while Morgan Stanley gave the stock Overweight rating on December 15, 2023, issuing a price target of $17.50- $17. JP Morgan on their part issued Neutral rating on December 13, 2023.

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