A new trading day began on Tuesday, with RB Global Inc (NYSE: RBA) stock price up 1.44% from the previous day of trading, before settling in for the closing price of $85.40. RBA’s price has ranged from $58.85 to $87.45 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 30.92% over the past five years. Meanwhile, its annual earnings per share averaged 9.38%. With a float of $183.95 million, this company’s outstanding shares have now reached $184.25 million.
Let’s look at the performance matrix of the company that is accounted for 7900 employees. In terms of profitability, gross margin is 39.85%, operating margin of 17.87%, and the pretax margin is 11.55%.
RB Global Inc (RBA) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Business Services Industry. The insider ownership of RB Global Inc is 0.17%, while institutional ownership is 97.61%. The most recent insider transaction that took place on Sep 23 ’24, was worth 1,505,570. In this transaction Chief Executive Officer of this company sold 17,883 shares at a rate of $84.19, taking the stock ownership to the 86,247 shares. Before that another transaction happened on Sep 23 ’24, when Company’s Officer proposed sale 17,883 for $84.19, making the entire transaction worth $1,505,570.
RB Global Inc (RBA) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.97 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.99% during the next five years compared to -1.55% drop over the previous five years of trading.
RB Global Inc (NYSE: RBA) Trading Performance Indicators
Here are RB Global Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.26. Likewise, its price to free cash flow for the trailing twelve months is 27.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.78, a number that is poised to hit 0.67 in the next quarter and is forecasted to reach 3.67 in one year’s time.
Technical Analysis of RB Global Inc (RBA)
RB Global Inc (NYSE: RBA) saw its 5-day average volume 0.63 million, a negative change from its year-to-date volume of 1.02 million. As of the previous 9 days, the stock’s Stochastic %D was 59.38%. Additionally, its Average True Range was 1.62.
During the past 100 days, RB Global Inc’s (RBA) raw stochastic average was set at 95.20%, which indicates a significant increase from 93.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.91% in the past 14 days, which was higher than the 25.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $83.40, while its 200-day Moving Average is $77.10. Nevertheless, the first resistance level for the watch stands at $87.43 in the near term. At $88.22, the stock is likely to face the second major resistance level. The third major resistance level sits at $89.33. If the price goes on to break the first support level at $85.53, it is likely to go to the next support level at $84.42. The third support level lies at $83.63 if the price breaches the second support level.
RB Global Inc (NYSE: RBA) Key Stats
With a market capitalization of 22.19 billion, the company has a total of 184,408K Shares Outstanding. Currently, annual sales are 3,680 M while annual income is 206,500 K. The company’s previous quarter sales were 1,096 M while its latest quarter income was 111,100 K.
