On Tuesday, Rambus Inc (NASDAQ: RMBS) opened higher 1.55% from the last session, before settling in for the closing price of $56.89. Price fluctuations for RMBS have ranged from $37.42 to $76.38 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 16.01%. Company’s average yearly earnings per share was noted 11.64% at the time writing. With a float of $105.87 million, this company’s outstanding shares have now reached $107.85 million.
Let’s determine the extent of company efficiency that accounts for 623 employees. 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 Activity
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Rambus Inc is 0.66%, while institutional ownership is 87.96%. 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
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.53 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.25) by 0.28. 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 11.64% per share during the next fiscal year.
Rambus Inc (NASDAQ: RMBS) Trading Performance Indicators
Check out the current performance indicators for Rambus Inc (RMBS). In the past quarter, the stock posted a quick ratio of 7.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.89. Likewise, its price to free cash flow for the trailing twelve months is 30.56.
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 2.41 in one year’s time.
Technical Analysis of Rambus Inc (RMBS)
Looking closely at Rambus Inc (NASDAQ: RMBS), its last 5-days average volume was 0.9 million, which is a drop from its year-to-date volume of 1.53 million. As of the previous 9 days, the stock’s Stochastic %D was 83.91%. Additionally, its Average True Range was 2.14.
During the past 100 days, Rambus Inc’s (RMBS) raw stochastic average was set at 67.11%, which indicates a significant decrease from 69.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.06% in the past 14 days, which was lower than the 67.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.41, while its 200-day Moving Average is $52.97. However, in the short run, Rambus Inc’s stock first resistance to watch stands at $60.00. Second resistance stands at $62.24. The third major resistance level sits at $63.63. If the price goes on to break the first support level at $56.37, it is likely to go to the next support level at $54.98. Should the price break the second support level, the third support level stands at $52.74.
Rambus Inc (NASDAQ: RMBS) Key Stats
There are currently 106,575K shares outstanding in the company with a market cap of 6.16 billion. Presently, the company’s annual sales total 461,120 K according to its annual income of 333,900 K. Last quarter, the company’s sales amounted to 145,510 K and its income totaled 48,670 K.
