Currently, there are 74.96M common shares owned by the public and among those 66.90M shares have been available to trade.
The company’s stock has a 5-day price change of -7.41% and -5.90% over the past three months. RDNT shares are trading -18.94% year to date (YTD), with the 12-month market performance down to -2.78% lower. It has a 12-month low price of $45.00 and touched a high of $93.65 over the same period. RDNT has an average intraday trading volume of 923.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.54%, 7.48%, and -11.37% respectively.
Institutional ownership of Radnet Inc (NASDAQ: RDNT) shares accounts for 93.42% of the company’s 74.96M shares outstanding.
It has a market capitalization of $4.25B and a beta (3y monthly) value of 1.43. The earnings-per-share (ttm) stands at -$0.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.47% over the week and 2.11% over the month.
Analysts forecast that Radnet Inc (RDNT) will achieve an EPS of 0.16 for the current quarter, 0.2 for the next quarter and 0.73 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.1 while analysts give the company a high EPS estimate of 0.1. Comparatively, EPS for the current quarter was 0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 121.67%, and 717.67% over the next financial year.
Looking at the support for the RDNT, a number of firms have released research notes about the stock. Raymond James stated their Strong Buy rating for the stock in a research note on March 05, 2025, with the firm’s price target at $85-$65. Barclays coverage for the Radnet Inc (RDNT) stock in a research note released on September 06, 2024 offered a Overweight rating with a price target of $79. Barclays was of a view on March 06, 2024 that the stock is Equal Weight, while Truist gave the stock Buy rating on August 31, 2023, issuing a price target of $40. CJS Securities on their part issued Market Outperform rating on March 31, 2023.
