Rambus Inc. (NASDAQ: RMBS) kicked off on November 20, 2023, at the price of $65.86, up 5.13% from the previous trading day. During the day, the shares moved up to $69.775 and dropped to $65.86 before settling in for the closing price of $66.22. Over the past 52 weeks, RMBS has traded in a range of $34.77-$68.54.
Technology Sector giant saw their annual sales surged by 7.50% over the last five years. While this was happening, its average annual earnings per share was recorded 48.44%. With a float of $106.72 million, this company’s outstanding shares have now reached $107.61 million.
The firm has a total of 765 workers. Let’s measure their productivity. In terms of profitability, gross margin is +69.05, operating margin of +17.60, and the pretax margin is -1.72.
Rambus Inc. (RMBS) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Rambus Inc. is 0.73%, while institutional ownership is 91.44%. The most recent insider transaction that took place on Nov 15, was worth 583,289. In this transaction Director of this company sold 8,685 shares at a rate of $67.16, taking the stock ownership to the 9,957 shares. Before that another transaction happened on Nov 15, when Company’s Director sold 2,000 for $66.91, making the entire transaction worth $133,820. This insider now owns 7,761 shares in total.
Rambus Inc. (RMBS) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $0.43 earnings per share (EPS), higher than consensus estimate (set at $0.41) by $0.02. This company achieved a net margin of -3.15 while generating a return on equity of -1.74. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.47 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 48.44% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.05% during the next five years compared to 9.05% growth over the previous five years of trading.
Rambus Inc. (NASDAQ: RMBS) Trading Performance Indicators
Take a look at Rambus Inc.’s (RMBS) current performance indicators. Last quarter, stock had a quick ratio of 6.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 16.23. Likewise, its price to free cash flow for the trailing twelve months is 45.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.62, a number that is poised to hit 0.45 in the next quarter and is forecasted to reach 2.17 in one year’s time.
Technical Analysis of Rambus Inc. (RMBS)
Analysing the last 5-days average volume posted by the [Rambus Inc., RMBS], we can find that recorded value of 1.2 million was lower than the volume posted last year of 1.31 million. As of the previous 9 days, the stock’s Stochastic %D was 86.46%. Additionally, its Average True Range was 2.68.
During the past 100 days, Rambus Inc.’s (RMBS) raw stochastic average was set at 99.28%, which indicates a significant increase from 99.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.13% in the past 14 days, which was lower than the 53.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $57.51, while its 200-day Moving Average is $54.12. Now, the first resistance to watch is $70.98. This is followed by the second major resistance level at $72.33. The third major resistance level sits at $74.89. If the price goes on to break the first support level at $67.06, it is likely to go to the next support level at $64.50. Should the price break the second support level, the third support level stands at $63.15.
Rambus Inc. (NASDAQ: RMBS) Key Stats
The company with the Market Capitalisation of 7.48 billion has total of 107,500K Shares Outstanding. Its annual sales at the moment are 454,790 K in contrast with the sum of -14,310 K annual income. Company’s last quarter sales were recorded 105,300 K and last quarter income was 103,200 K.