Rambus Inc (NASDAQ: RMBS) on Tuesday, soared 3.56% from the previous trading day, before settling in for the closing price of $48.53. Within the past 52 weeks, RMBS’s price has moved between $37.42 and $76.38.
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Technology Sector giant saw their annual sales surged by 16.01% over the last five years. The company achieved an average annual earnings per share of 11.80%. With a float of $105.87 million, this company’s outstanding shares have now reached $107.85 million.
The firm has a total of 623 workers. Let’s measure their productivity. In terms of profitability, gross margin is 78.27%, operating margin of 30.41%, and the pretax margin is 38.75%.
Rambus Inc (RMBS) Insider Activity
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Rambus Inc is 0.66%, while institutional ownership is 93.21%. The most recent insider transaction that took place on May 08 ’24, was worth 335,100. In this transaction Director of this company sold 6,000 shares at a rate of $55.85, taking the stock ownership to the 26,422 shares. Before that another transaction happened on May 07 ’24, when Company’s Director sold 5,408 for $56.95, making the entire transaction worth $307,986. This insider now owns 32,422 shares in total.
Rambus Inc (RMBS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 11.80% per share during the next fiscal year.
Rambus Inc (NASDAQ: RMBS) Trading Performance Indicators
Rambus Inc (RMBS) is currently performing well based on its current performance indicators. A quick ratio of 7.60 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.35. Likewise, its price to free cash flow for the trailing twelve months is 26.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.61, a number that is poised to hit 0.58 in the next quarter and is forecasted to reach 2.39 in one year’s time.
Technical Analysis of Rambus Inc (RMBS)
Analysing the last 5-days average volume posted by the [Rambus Inc, RMBS], we can find that recorded value of 1.36 million was lower than the volume posted last year of 1.57 million. As of the previous 9 days, the stock’s Stochastic %D was 75.83%. Additionally, its Average True Range was 1.91.
During the past 100 days, Rambus Inc’s (RMBS) raw stochastic average was set at 42.34%, which indicates a significant decrease from 88.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.61% in the past 14 days, which was lower than the 64.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.24, while its 200-day Moving Average is $53.81. Now, the first resistance to watch is $50.85. This is followed by the second major resistance level at $51.44. The third major resistance level sits at $52.60. If the price goes on to break the first support level at $49.10, it is likely to go to the next support level at $47.94. Should the price break the second support level, the third support level stands at $47.35.
Rambus Inc (NASDAQ: RMBS) Key Stats
Market capitalization of the company is 5.36 billion based on 106,575K outstanding shares. Right now, sales total 461,120 K and income totals 333,900 K. The company made 145,510 K in profit during its latest quarter, and 48,670 K in sales during its previous quarter.
