A major move is in the offing as Redbox Entertainment Inc. (RDBX) market cap hits 512.49 million

June 21, 2022, Redbox Entertainment Inc. (NASDAQ: RDBX) trading session started at the price of $11.445, that was -3.41% drop from the session before. During the day, the shares moved up to $12.35 and dropped to $11.00 before settling in for the closing price of $12.01. A 52-week range for RDBX has been $1.61 – $27.22.

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When this article was written, the company’s average yearly earnings per share was at -131.10%. With a float of $10.59 million, this company’s outstanding shares have now reached $12.62 million.

Let’s determine the extent of company efficiency that accounts for 1408 employees. In terms of profitability, gross margin is -23.23, operating margin of -49.65, and the pretax margin is -60.58.

Redbox Entertainment Inc. (RDBX) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 12/30/2021, it has been observed that the corporation posted -$0.55 earnings per share (EPS) during the time that was better than consensus figure (set at -$0.65) by $0.1. This company achieved a net margin of -2.53 while generating a return on equity of -15.60. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.82 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -131.10% per share during the next fiscal year.

Redbox Entertainment Inc. (NASDAQ: RDBX) Trading Performance Indicators

You can see what Redbox Entertainment Inc. (RDBX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.46.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -9.33, a number that is poised to hit -0.65 in the next quarter and is forecasted to reach -0.18 in one year’s time.

Technical Analysis of Redbox Entertainment Inc. (RDBX)

Looking closely at Redbox Entertainment Inc. (NASDAQ: RDBX), its last 5-days average volume was 21.05 million, which is a jump from its year-to-date volume of 11.89 million. As of the previous 9 days, the stock’s Stochastic %D was 40.44%. Additionally, its Average True Range was 2.38.

During the past 100 days, Redbox Entertainment Inc.’s (RDBX) raw stochastic average was set at 60.22%, which indicates a significant increase from 49.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 281.30% in the past 14 days, which was higher than the 248.39% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $5.90, while its 200-day Moving Average is $7.14. However, in the short run, Redbox Entertainment Inc.’s stock first resistance to watch stands at $12.30. Second resistance stands at $13.00. The third major resistance level sits at $13.65. If the price goes on to break the first support level at $10.95, it is likely to go to the next support level at $10.30. Should the price break the second support level, the third support level stands at $9.60.

Redbox Entertainment Inc. (NASDAQ: RDBX) Key Stats

There are 45,389K outstanding shares of the company, which has a market capitalization of 512.49 million. As of now, sales total 288,540 K while income totals -112,790 K. Its latest quarter income was 63,230 K while its last quarter net income were -1,440 K.


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