As on Wednesday, Radnet Inc (NASDAQ: RDNT) got off with the flyer as it spiked 4.02% to $50.45, before settling in for the price of $48.50 at the close. Taking a more long-term approach, RDNT posted a 52-week range of $25.11-$49.94.
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The Healthcare Sector giants’ yearly sales growth during the last 5-year period was 11.14%. Meanwhile, its Annual Earning per share during the time was -41.06%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 1160.00%. This publicly-traded company’s shares outstanding now amounts to $67.96 million, simultaneously with a float of $62.98 million. The organization now has a market capitalization sitting at $3.68 billion. At the time of writing, stock’s 50-day Moving Average stood at $46.30, while the 200-day Moving Average is $36.04.
Radnet Inc (RDNT) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Diagnostics & Research industry. Radnet Inc’s current insider ownership accounts for 13.75%, in contrast to 73.64% institutional ownership. According to the most recent insider trade that took place on Dec 05 ’23, this organization’s EVP & Chief Development Offcr sold 10,115 shares at the rate of 35.02, making the entire transaction reach 354,227 in total value, affecting insider ownership by 68,432. Preceding that transaction, on Nov 27 ’23, Company’s Director sold 3,000 for 32.40, making the whole transaction’s value amount to 97,200. This particular insider is now the holder of 10,385 in total.
Radnet Inc (RDNT) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted -0.08 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.07) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.
Radnet Inc’s EPS increase for this current 12-month fiscal period is 1160.00% and is forecasted to reach 0.85 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 15.00% through the next 5 years, which can be compared against the -41.06% growth it accomplished over the previous five years trading on the market.
Radnet Inc (NASDAQ: RDNT) Trading Performance Indicators
Let’s observe the current performance indicators for Radnet Inc (RDNT). It’s Quick Ratio in the last reported quarter now stands at 1.32. The Stock has managed to achieve an average true range (ATR) of 1.45. Alongside those numbers, its PE Ratio stands at $56055.56, and its Beta score is 1.69. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.28. Similarly, its price to free cash flow for trailing twelve months is now 83.24.
In the same vein, RDNT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.00, a figure that is expected to reach 0.05 in the next quarter, and analysts are predicting that it will be 0.85 at the market close of one year from today.
Technical Analysis of Radnet Inc (RDNT)
Through scrutinizing the latest numbers posted by the [Radnet Inc, RDNT], it can be observed that its last 5-days Average volume of 0.46 million was lower the volume of 0.52 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 79.11% While, its Average True Range was 1.40.
Raw Stochastic average of Radnet Inc (RDNT) in the period of the previous 100 days is set at 99.30%, which indicates a major rise in contrast to 97.27% 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 26.94% that was lower than 38.62% volatility it exhibited in the past 100-days period.
