Currently, there are 67.96M common shares owned by the public and among those 63.73M shares have been available to trade.
The company’s stock has a 5-day price change of 1.98% and 13.05% over the past three months. RDNT shares are trading 90.65% year to date (YTD), with the 12-month market performance up to 100.82% higher. It has a 12-month low price of $25.11 and touched a high of $66.57 over the same period. RDNT has an average intraday trading volume of 592.27K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.50%, 8.70%, and 37.35% respectively.
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Institutional ownership of Radnet Inc (NASDAQ: RDNT) shares accounts for 82.91% of the company’s 67.96M shares outstanding.
It has a market capitalization of $4.90B and a beta (3y monthly) value of 1.74. The stock’s trailing 12-month PE ratio is 451.57, while the earnings-per-share (ttm) stands at $0.15. The company has a PEG of 30.10 and a Quick Ratio of 2.12 with the debt-to-equity ratio at 1.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.55% over the week and 4.58% over the month.
Earnings per share for the fiscal year are expected to increase by 605.00%, and 73.76% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -41.06% over the past 5-year period.
Looking at the support for the RDNT, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on March 06, 2024, with the firm’s price target at $48. Truist coverage for the Radnet Inc (RDNT) stock in a research note released on August 31, 2023 offered a Buy rating with a price target of $40. CJS Securities was of a view on March 31, 2023 that the stock is Market Outperform, while Raymond James gave the stock Outperform rating on March 03, 2023, issuing a price target of $30. Barclays on their part issued Overweight rating on August 12, 2021.
