Rambus Inc. (RMBS) concluded trading on Thursday at a closing price of $44.88, with 4.31 million shares of worth about $193.3 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -34.51% during that period and on August 01, 2024 the price saw a loss of about -12.75%. Currently the company’s common shares owned by public are about 107.85M shares, out of which, 107.05M shares are available for trading.
Stock saw a price change of -20.99% in past 5 days and over the past one month there was a price change of -25.11%. Year-to-date (YTD), RMBS shares are showing a performance of -34.24% which decreased to -18.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.10 but also hit the highest price of $76.38 during that period. The average intraday trading volume for Rambus Inc. shares is 1.36 million. The stock is currently trading -25.99% below its 20-day simple moving average (SMA20), while that difference is down -22.75% for SMA50 and it goes to -26.37% lower than SMA200.
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Rambus Inc. (NASDAQ: RMBS) currently have 107.85M outstanding shares and institutions hold larger chunk of about 91.71% of that.
The stock has a current market capitalization of $4.84B and its 3Y-monthly beta is at 1.20. PE ratio of stock for trailing 12 months is 21.45, while it has posted earnings per share of $2.09 in the same period. Its PEG reads 1.53 and has Quick Ratio of 6.56 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RMBS, volatility over the week remained 8.48% while standing at 5.34% over the month.
Stock’s fiscal year EPS is expected to rise by 55.33% while it is estimated to increase by 21.71% in next year.
Coverage by Jefferies stated Rambus Inc. (RMBS) stock as a Hold in their note to investors on May 18, 2023, suggesting a price target of $65 for the stock. On October 14, 2021, Rosenblatt Initiated their recommendations, while on April 30, 2021, Susquehanna Initiated their ratings for the stock with a price target of $26. Stock get an Outperform rating from Wells Fargo on May 15, 2019.
