The outlook and analysis of R1 RCM Inc. (RCM)’s stock

Currently, R1 RCM Inc. [RCM] is trading at $21.75, up 2.59%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RCM shares have lost -1.76% over the last week, with a monthly amount drifted -14.13%, and not seem to be holding up well over a long-time horizon.

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On 8, September 2022, R1 Announces Offering of Common Stock by Selling Stockholder. In a post published today on Yahoo Finance, R1 RCM Inc. (“R1”) (NASDAQ: RCM) today announced the commencement of an underwritten public offering of 15,000,000 shares of its common stock by TCP-ASC ACHI Series LLLP (“TCP-ASC”), a Delaware series limited liability limited partnership jointly owned by Ascension Health Alliance and investment funds affiliated with TowerBrook Capital Partners L.P. R1 will not receive any of the proceeds from the sale of the shares being offered by the selling stockholder but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions.

From an analyst’s perspective:

R1 RCM Inc. [NASDAQ: RCM] stock has seen the most recent analyst activity on September 07, 2022, when Truist initiated its Buy rating and assigned the stock a price target of $29. Guggenheim started tracking the stock assigning a Neutral rating. Deutsche Bank initiated its recommendation with a Buy and recommended $30 as its price target on February 09, 2022. Jefferies started tracking with a Buy rating for this stock on December 02, 2021, and assigned it a price target of $28. In a note dated October 14, 2021, JP Morgan initiated an Overweight rating and iterated a target price of $27 on this stock.

This stock has fluctuated between a low of $18.73 and a high of $27.86 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $31.91 within the next 12 months. R1 RCM Inc. [NASDAQ: RCM] shares were valued at $21.75 at the most recent close of the market. An investor can expect a potential return of 46.71% based on the average price forecast.

Analyzing the RCM fundamentals

Recent quarter sales for R1 RCM Inc. [NASDAQ:RCM] were 391.9 billion which represents 12.60% growth. Gross Margin for this corporation currently stands at +20.86% with Operating Margin at +12.45%, Pretax Margin comes in at +8.60%, and Net Margin reading is +6.59%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.27 points at the first support level, and at 20.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.17, and for the 2nd resistance point, it is at 22.60.

R1 RCM Inc. [RCM] reported earnings per share of $0.09 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.1/share, meaning a difference of $-0.01 and a surprise factor of -10.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $0.11 per share as compared to estimates of $0.11 per share, a difference of $0 representing a surprise of 0.00%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for R1 RCM Inc. [NASDAQ:RCM] is 1.50. In addition, the Quick Ratio stands at 1.42 and the Cash Ratio stands at 0.51. Considering the valuation of this stock, the price to sales ratio is 4.60, the price to book ratio is 20.46 and the P/E (TTM) ratio is 106.10.

Transactions by insiders

In the past 3 months, 22 insiders have purchased 4,377,642 shares, and 20 have sold 143,142,990 shares. Recent insider trading involved TCP-ASC ACHI Series LLLP, Director, that happened on Sep 13 when 15.0 million shares were sold., SPARBY JOHN M. completed a deal on Aug 19 to sell 40000.0 shares. Meanwhile, Chief Executive Officer FLANAGAN JOSEPH GERARD sold 0.2 million shares on Aug 18.