A new trading day began on May 22, 2023, with Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) stock priced at $55.845, up 0.68% from the previous day of trading. During the day, the shares moved up to $56.755 and dropped to $55.845 before settling in for the closing price of $55.97. RBA’s price has ranged from $47.72 to $71.24 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 12.30%. Meanwhile, its annual earnings per share averaged 109.60%. With a float of $110.78 million, this company’s outstanding shares have now reached $120.49 million.
The extent of productivity of a business whose workforce counts for 2800 workers is very important to gauge. In terms of profitability, gross margin is +49.60, operating margin of +18.46, and the pretax margin is +23.42.
Ritchie Bros. Auctioneers Incorporated (RBA) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Business Services Industry. The insider ownership of Ritchie Bros. Auctioneers Incorporated is 14.30%, while institutional ownership is 84.90%. The most recent insider transaction that took place on May 18, was worth 1,001,299. In this transaction CEO of this company bought 18,522 shares at a rate of $54.06, taking the stock ownership to the 116,607 shares. Before that another transaction happened on May 18, when Company’s Director bought 1,471 for $54.15, making the entire transaction worth $79,655. This insider now owns 1,471 shares in total.
Ritchie Bros. Auctioneers Incorporated (RBA) Latest Financial update
In its latest quarterly report, released on 3/30/2023, the company reported earnings of $0.57 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +18.44 while generating a return on equity of 26.85. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.58 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 109.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to 32.70% growth over the previous five years of trading.
Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) Trading Performance Indicators
Here are Ritchie Bros. Auctioneers Incorporated’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.98, a number that is poised to hit 0.66 in the next quarter and is forecasted to reach 2.83 in one year’s time.
Technical Analysis of Ritchie Bros. Auctioneers Incorporated (RBA)
The latest stats from [Ritchie Bros. Auctioneers Incorporated, RBA] show that its last 5-days average volume of 1.94 million was inferior to 2.55 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 61.17%. Additionally, its Average True Range was 1.62.
During the past 100 days, Ritchie Bros. Auctioneers Incorporated’s (RBA) raw stochastic average was set at 38.65%, which indicates a significant decrease from 72.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.21% in the past 14 days, which was higher than the 25.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.91, while its 200-day Moving Average is $60.12. Now, the first resistance to watch is $56.79. This is followed by the second major resistance level at $57.23. The third major resistance level sits at $57.70. If the price goes on to break the first support level at $55.88, it is likely to go to the next support level at $55.41. The third support level lies at $54.97 if the price breaches the second support level.
Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) Key Stats
With a market capitalization of 9.93 billion, the company has a total of 181,831K Shares Outstanding. Currently, annual sales are 1,734 M while annual income is 319,660 K. The company’s previous quarter sales were 512,400 K while its latest quarter income was -28,200 K.
