On Friday, Radnet Inc (NASDAQ: RDNT) opened higher 5.52% from the last session, before settling in for the closing price of $64.99. Price fluctuations for RDNT have ranged from $25.11 to $71.92 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 11.14% over the past five years. Company’s average yearly earnings per share was noted 508.00% at the time writing. With a float of $63.87 million, this company’s outstanding shares have now reached $67.96 million.
Let’s look at the performance matrix of the company that is accounted for 7872 employees. In terms of profitability, gross margin is 8.09%, operating margin of 7.1%, and the pretax margin is 2.97%.
Radnet Inc (RDNT) Insider Updates
A key investor’s attitude towards the stock of the Diagnostics & Research industry is another important factor to consider. The insider ownership of Radnet Inc is 13.64%, while institutional ownership is 83.15%. The most recent insider transaction that took place on Aug 21 ’24, was worth 941,702. In this transaction EVP, Mergers and Acquisitions of this company sold 15,000 shares at a rate of $62.78, taking the stock ownership to the 48,144 shares. Before that another transaction happened on Aug 20 ’24, when Company’s Officer proposed sale 15,000 for $62.50, making the entire transaction worth $937,500.
Radnet Inc (RDNT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 508.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.00% during the next five years compared to -41.06% drop over the previous five years of trading.
Radnet Inc (NASDAQ: RDNT) Trading Performance Indicators
Check out the current performance indicators for Radnet Inc (RDNT). In the past quarter, the stock posted a quick ratio of 2.12. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.96. Likewise, its price to free cash flow for the trailing twelve months is 74.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.15, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 0.67 in one year’s time.
Technical Analysis of Radnet Inc (RDNT)
Radnet Inc (NASDAQ: RDNT) saw its 5-day average volume 0.48 million, a negative change from its year-to-date volume of 0.55 million. As of the previous 9 days, the stock’s Stochastic %D was 32.39%. Additionally, its Average True Range was 2.51.
During the past 100 days, Radnet Inc’s (RDNT) raw stochastic average was set at 84.77%, which indicates a significant increase from 59.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.52% in the past 14 days, which was lower than the 40.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $64.93, while its 200-day Moving Average is $53.14. Nevertheless, the first resistance level for the watch stands at $70.09 in the near term. At $71.60, the stock is likely to face the second major resistance level. The third major resistance level sits at $74.12. If the price goes on to break the first support level at $66.06, it is likely to go to the next support level at $63.53. Assuming the price breaks the second support level, the third support level stands at $62.02.
Radnet Inc (NASDAQ: RDNT) Key Stats
There are currently 73,880K shares outstanding in the company with a market cap of 5.07 billion. Presently, the company’s annual sales total 1,617 M according to its annual income of 3,040 K. Last quarter, the company’s sales amounted to 459,710 K and its income totaled -2,980 K.
