Rambus Inc. [RMBS] stock is trading at $60.48, up 2.11%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RMBS shares have gain 10.51% over the last week, with a monthly amount drifted -2.15%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rambus Inc. [NASDAQ: RMBS] stock has seen the most recent analyst activity on May 18, 2023, when Jefferies upgraded its rating to a Buy. Previously, Jefferies downgraded its rating to Hold on May 18, 2023, and elevated its price target to $65. On October 14, 2021, Rosenblatt initiated with a Buy rating and assigned a price target of $35 on the stock. Susquehanna started tracking the stock assigning a Positive rating and suggested a price target of $26 on April 30, 2021. Wells Fargo initiated its recommendation with a Outperform. Credit Suisse started tracking with a Neutral rating for this stock on May 29, 2018, and assigned it a price target of $16. In a note dated January 30, 2018, The Benchmark Company reiterated an Buy rating on this stock and boosted its target price from $16 to $18.
Rambus Inc. [RMBS] stock has fluctuated between $43.58 and $76.38 over the past year. Currently, Wall Street analysts expect the stock to reach $64 within the next 12 months. Rambus Inc. [NASDAQ: RMBS] shares were valued at $60.48 at the most recent close of the market. An investor can expect a potential return of 5.82% based on the average RMBS price forecast.
Analyzing the RMBS fundamentals
Rambus Inc. [NASDAQ:RMBS] reported sales of 461.12M for the trailing twelve months, which represents a drop of -0.12%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.72%. To continue investigating profitability, this company’s Return on Assets is posted at 0.27, Equity is 0.36 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 59.25 points at the first support level, and at 58.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.16, and for the 2nd resistance point, it is at 61.84.
Rambus Inc. [RMBS] reported earnings per share of $0.47 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.02 and a surprise factor of 4.40%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.43 per share as compared to estimates of $0.41 per share, a difference of $0.02 representing a surprise of 4.90%.
Ratios To Look Out For
For context, Rambus Inc.’s Current Ratio is 7.08. Further, the Quick Ratio stands at 6.67, while the Cash Ratio is 1.06. Considering the valuation of this stock, the price to sales ratio is 14.24, the price to book ratio is 6.28 and price to earnings (TTM) ratio is 20.12.
Transactions by insiders
Recent insider trading involved Seraphin Luc, President and CEO, that happened on Apr 16 ’24 when 5530.0 shares were sold. President and CEO, Seraphin Luc completed a deal on Apr 09 ’24 to sell 15000.0 shares. Meanwhile, President and CEO Seraphin Luc sold 15000.0 shares on Apr 02 ’24.
