Rimini Street Inc. (NASDAQ: RMNI) started the day on Wednesday, with a price decrease of -5.92% at $1.59, before settling in for the price of $1.69 at the close. Taking a more long-term approach, RMNI posted a 52-week range of $1.55-$3.43.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 11.30%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -57.85%. This publicly-traded company’s shares outstanding now amounts to $89.59 million, simultaneously with a float of $47.18 million. The organization now has a market capitalization sitting at $144.21 million. At the time of writing, stock’s 50-day Moving Average stood at $1.8076, while the 200-day Moving Average is $2.5788.
Rimini Street Inc. (RMNI) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Software – Application Industry. Rimini Street Inc.’s current insider ownership accounts for 47.98%, in contrast to 40.47% institutional ownership. According to the most recent insider trade that took place on Aug 05 ’24, this organization’s EVP & Chief Financial Officer sold 2,082 shares at the rate of 1.82, making the entire transaction reach 3,798 in total value, affecting insider ownership by 149,358. Preceding that transaction, on Aug 02 ’24, Company’s EVP & Chief Client Officer sold 527 for 1.81, making the whole transaction’s value amount to 954. This particular insider is now the holder of 124,671 in total.
Rimini Street Inc. (RMNI) Earnings and Revenue Records
Rimini Street Inc.’s EPS decrease for this current 12-month fiscal period is -57.85% and is forecasted to reach 0.25 in the upcoming year.
Rimini Street Inc. (NASDAQ: RMNI) Trading Performance Indicators
Let’s observe the current performance indicators for Rimini Street Inc. (RMNI). It’s Quick Ratio in the last reported quarter now stands at 0.81. The Stock has managed to achieve an average true range (ATR) of 0.10. Alongside those numbers, its PE Ratio stands at $8.73, and its Beta score is 1.29. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.34. Similarly, its price to free cash flow for trailing twelve months is now 156.75.
In the same vein, RMNI’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.18, a figure that is expected to reach 0.07 in the next quarter, and analysts are predicting that it will be 0.25 at the market close of one year from today.
Technical Analysis of Rimini Street Inc. (RMNI)
If we take a close look at the recent performances of Rimini Street Inc. (NASDAQ: RMNI), its last 5-days Average volume was 0.4 million that shows progress from its year to date volume of 0.26 million. During the previous 9 days, stock’s Stochastic %D was recorded 15.86% While, its Average True Range was 0.1023.
Raw Stochastic average of Rimini Street Inc. (RMNI) in the period of the previous 100 days is set at 3.61%, which indicates a major fall in contrast to 15.00% 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 35.57% that was lower than 81.36% volatility it exhibited in the past 100-days period.
