$371.44K in average volume shows that Rogers Communications Inc. (RCI) is heading in the right direction

January 24, 2023, Rogers Communications Inc. (NYSE: RCI) trading session started at the price of $48.44, that was 2.83% jump from the session before. During the day, the shares moved up to $50.13 and dropped to $48.26 before settling in for the closing price of $48.36. A 52-week range for RCI has been $36.23 – $64.55.


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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 1.40%. When this article was written, the company’s average yearly earnings per share was at -2.10%. With a float of $352.98 million, this company’s outstanding shares have now reached $505.00 million.

Considering the fact that the conglomerate employs 23000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +22.53, operating margin of +22.53, and the pretax margin is +14.81.

Rogers Communications Inc. (RCI) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Rogers Communications Inc. stocks. The insider ownership of Rogers Communications Inc. is 0.80%, while institutional ownership is 79.00%.

Rogers Communications Inc. (RCI) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 6/29/2022, it has been observed that the corporation posted $0.64 earnings per share (EPS) during the time that was better than consensus figure (set at $0.63) by $0.01. This company achieved a net margin of +10.63 while generating a return on equity of 15.50. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.75 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -2.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.30% during the next five years compared to 13.80% growth over the previous five years of trading.

Rogers Communications Inc. (NYSE: RCI) Trading Performance Indicators

You can see what Rogers Communications Inc. (RCI) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.19. Likewise, its price to free cash flow for the trailing twelve months is 97.67.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.31, a number that is poised to hit 0.73 in the next quarter and is forecasted to reach 3.06 in one year’s time.

Technical Analysis of Rogers Communications Inc. (RCI)

Compared to the last year’s volume of 0.32 million, its volume of 0.3 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 79.25%. Additionally, its Average True Range was 0.96.

During the past 100 days, Rogers Communications Inc.’s (RCI) raw stochastic average was set at 97.12%, which indicates a significant increase from 87.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.89% in the past 14 days, which was lower than the 25.11% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $45.81, while its 200-day Moving Average is $46.25. Nevertheless, the first resistance level for the watch stands at $50.49 in the near term. At $51.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $52.36. If the price goes on to break the first support level at $48.62, it is likely to go to the next support level at $47.50. Should the price break the second support level, the third support level stands at $46.75.

Rogers Communications Inc. (NYSE: RCI) Key Stats

There are 504,925K outstanding shares of the company, which has a market capitalization of 24.67 billion. As of now, sales total 11,693 M while income totals 1,243 M. Its latest quarter income was 2,868 M while its last quarter net income were 284,260 K.

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