R1 RCM Inc. (NASDAQ: RCM) kicked off on Friday, down -0.28% from the previous trading day, before settling in for the closing price of $14.08. Over the past 52 weeks, RCM has traded in a range of $8.87-$18.22.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 21.41%. While this was happening, its average annual earnings per share was recorded -78.22%. With a float of $156.34 million, this company’s outstanding shares have now reached $420.20 million.
The extent of productivity of a business whose workforce counts for 30000 workers is very important to gauge. In terms of profitability, gross margin is 20.43%, operating margin of 6.79%, and the pretax margin is -0.89%.
R1 RCM Inc. (RCM) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Health Information Services Industry. The insider ownership of R1 RCM Inc. is 62.96%, while institutional ownership is 35.89%. The most recent insider transaction that took place on Mar 07 ’24, was worth 143,959. In this transaction President of this company sold 10,046 shares at a rate of $14.33, taking the stock ownership to the 0 shares.
R1 RCM Inc. (RCM) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0 earnings per share (EPS), lower than consensus estimate (set at 0.01) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -78.22% per share during the next fiscal year.
R1 RCM Inc. (NASDAQ: RCM) Trading Performance Indicators
Take a look at R1 RCM Inc.’s (RCM) current performance indicators. Last quarter, stock had a quick ratio of 1.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.49. Likewise, its price to free cash flow for the trailing twelve months is 29.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.10, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.39 in one year’s time.
Technical Analysis of R1 RCM Inc. (RCM)
The latest stats from [R1 RCM Inc., RCM] show that its last 5-days average volume of 3.61 million was inferior to 3.87 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 87.65%. Additionally, its Average True Range was 0.17.
During the past 100 days, R1 RCM Inc.’s (RCM) raw stochastic average was set at 96.38%, which indicates a significant increase from 66.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 2.94% in the past 14 days, which was lower than the 42.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.08, while its 200-day Moving Average is $12.01. Now, the first resistance to watch is $14.08. This is followed by the second major resistance level at $14.11. The third major resistance level sits at $14.14. If the price goes on to break the first support level at $14.02, it is likely to go to the next support level at $13.99. Assuming the price breaks the second support level, the third support level stands at $13.96.
R1 RCM Inc. (NASDAQ: RCM) Key Stats
The company with the Market Capitalisation of 5.93 billion has total of 421,255K Shares Outstanding. Its annual sales at the moment are 2,254 M in contrast with the sum of 3,300 K annual income. Company’s last quarter sales were recorded 627,900 K and last quarter income was -7,600 K.
