A new trading day began on Friday, with Rambus Inc (NASDAQ: RMBS) stock price down -3.82% from the previous day of trading, before settling in for the closing price of $53.35. RMBS’s price has ranged from $37.42 to $76.38 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 16.01% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 11.80%. With a float of $105.88 million, this company’s outstanding shares have now reached $107.85 million.
In an organization with 623 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 77.73%, operating margin of 31.29%, and the pretax margin is 38.75%.
Rambus Inc (RMBS) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Rambus Inc is 0.66%, while institutional ownership is 88.13%. 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) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.53 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 0.47 per share during the current fiscal year.
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
Here are Rambus Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 7.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.16. Likewise, its price to free cash flow for the trailing twelve months is 26.10.
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 2.40 in one year’s time.
Technical Analysis of Rambus Inc (RMBS)
Let’s dig in a bit further. During the last 5-days, its volume was 0.77 million. That was inferior than the volume of 1.55 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 48.81%. Additionally, its Average True Range was 2.19.
During the past 100 days, Rambus Inc’s (RMBS) raw stochastic average was set at 45.80%, which indicates a significant decrease from 49.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.77% in the past 14 days, which was higher than the 67.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.32, while its 200-day Moving Average is $53.15. However, in the short run, Rambus Inc’s stock first resistance to watch stands at $52.64. Second resistance stands at $53.97. The third major resistance level sits at $54.76. If the price goes on to break the first support level at $50.51, it is likely to go to the next support level at $49.72. The third support level lies at $48.39 if the price breaches the second support level.
Rambus Inc (NASDAQ: RMBS) Key Stats
With a market capitalization of 5.26 billion, the company has a total of 106,575K Shares Outstanding. Currently, annual sales are 461,120 K while annual income is 333,900 K. The company’s previous quarter sales were 145,510 K while its latest quarter income was 48,670 K.
