Radnet Inc (RDNT) volume exceeds 0.43 million: A new investment opportunity for investors

Radnet Inc (NASDAQ: RDNT) kicked off on Friday, up 1.54% from the previous trading day, before settling in for the closing price of $57.65. Over the past 52 weeks, RDNT has traded in a range of $25.11-$59.12.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 11.14%. While this was happening, its average annual earnings per share was recorded 1176.00%. With a float of $63.68 million, this company’s outstanding shares have now reached $67.96 million.

Let’s determine the extent of company efficiency that accounts for 7872 employees.

Radnet Inc (RDNT) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Diagnostics & Research Industry. The insider ownership of Radnet Inc is 13.80%, while institutional ownership is 81.11%. The most recent insider transaction that took place on Dec 05 ’23, was worth 354,227. In this transaction EVP & Chief Development Offcr of this company sold 10,115 shares at a rate of $35.02, taking the stock ownership to the 68,432 shares. Before that another transaction happened on Nov 27 ’23, when Company’s Director sold 3,000 for $32.40, making the entire transaction worth $97,200. This insider now owns 10,385 shares in total.

Radnet Inc (RDNT) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported 0.24 earnings per share (EPS), higher than consensus estimate (set at 0.09) by 0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.17 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 1176.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -41.06% drop over the previous five years of trading.

Radnet Inc (NASDAQ: RDNT) Trading Performance Indicators

Take a look at Radnet Inc’s (RDNT) current performance indicators. Last quarter, stock had a quick ratio of 1.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.61. Likewise, its price to free cash flow for the trailing twelve months is 158.77.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.32, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.87 in one year’s time.

Technical Analysis of Radnet Inc (RDNT)

Looking closely at Radnet Inc (NASDAQ: RDNT), its last 5-days average volume was 0.37 million, which is a drop from its year-to-date volume of 0.51 million. As of the previous 9 days, the stock’s Stochastic %D was 78.61%. Additionally, its Average True Range was 1.55.

During the past 100 days, Radnet Inc’s (RDNT) raw stochastic average was set at 97.74%, which indicates a significant increase from 94.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.38% in the past 14 days, which was lower than the 39.67% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $50.53, while its 200-day Moving Average is $37.93. However, in the short run, Radnet Inc’s stock first resistance to watch stands at $59.08. Second resistance stands at $59.62. The third major resistance level sits at $60.65. If the price goes on to break the first support level at $57.52, it is likely to go to the next support level at $56.49. Now, if the price goes above the second support level, the third support stands at $55.95.

Radnet Inc (NASDAQ: RDNT) Key Stats

The company with the Market Capitalisation of 4.32 billion has total of 73,880K Shares Outstanding. Its annual sales at the moment are 1,617 M in contrast with the sum of 3,040 K annual income. Company’s last quarter sales were recorded 431,710 K and last quarter income was -2,780 K.