Rite Aid Corporation (NYSE: RAD) started the day on March 15, 2023, with a price decrease of -3.38% at $2.57. During the day, the stock rose to $2.645 and sunk to $2.425 before settling in for the price of $2.66 at the close. Taking a more long-term approach, RAD posted a 52-week range of $2.50-$11.60.
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The company of the Healthcare sector’s yearbook sales growth during the past 5- year span was recorded 1.40%. Meanwhile, its Annual Earning per share during the time was -45.89%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -434.10%. This publicly-traded company’s shares outstanding now amounts to $54.79 million, simultaneously with a float of $54.38 million. The organization now has a market capitalization sitting at $146.59 million. At the time of writing, stock’s 50-day Moving Average stood at $3.55, while the 200-day Moving Average is $5.62.
It is imperative to bring your focus towards the efficiency factor of the conglomerate that has a total of 53000 employees. For the Profitability, stocks gross margin was +19.83, operating margin was +0.69 and Pretax Margin of -2.21.
Rite Aid Corporation (RAD) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Pharmaceutical Retailers Industry. Rite Aid Corporation’s current insider ownership accounts for 3.60%, in contrast to 52.30% institutional ownership.
Rite Aid Corporation (RAD) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 11/29/2022, the organization reported -$0.14 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$0.31) by $0.17. This company achieved a net margin of -2.19 while generating a return on equity of -150.79. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.23 per share during the current fiscal year.
Rite Aid Corporation’s EPS decrease for this current 12-month fiscal period is -434.10% and is forecasted to reach -1.84 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -3.69% through the next 5 years, which can be compared against the -45.89% growth it accomplished over the previous five years trading on the market.
Rite Aid Corporation (NYSE: RAD) Trading Performance Indicators
Let’s observe the current performance indicators for Rite Aid Corporation (RAD). It’s Quick Ratio in the last reported quarter now stands at 0.60. The Stock has managed to achieve an average true range (ATR) of 0.25. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.01.
In the same vein, RAD’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -16.50, a figure that is expected to reach -0.23 in the next quarter, and analysts are predicting that it will be -1.84 at the market close of one year from today.
Technical Analysis of Rite Aid Corporation (RAD)
If we take a close look at the recent performances of Rite Aid Corporation (NYSE: RAD), its last 5-days Average volume was 3.82 million that shows progress from its year to date volume of 2.48 million. During the previous 9 days, stock’s Stochastic %D was recorded 13.55% While, its Average True Range was 0.27.
Raw Stochastic average of Rite Aid Corporation (RAD) in the period of the previous 100 days is set at 2.93%, which indicates a major fall in contrast to 9.15% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 82.64% that was higher than 82.51% volatility it exhibited in the past 100-days period.