A share price of R1 RCM Inc. [RCM] is currently trading at $12.29, down -0.49%. 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 gain 4.60% 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:
R1 RCM Inc. [NASDAQ: RCM] stock has seen the most recent analyst activity on April 10, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, Citigroup upgraded its rating to Buy on March 20, 2024, and kept the price target unchanged to $16. On February 26, 2024, Leerink Partners initiated with a Outperform rating and assigned a price target of $14 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $14 on January 03, 2024. Morgan Stanley upgraded its rating to a Overweight and reduced its price target to $17 on December 15, 2023. JP Morgan downgraded its rating to Neutral for this stock on December 13, 2023, and downed its price target to $11. In a note dated October 19, 2023, Truist upgraded an Buy rating on this stock but restated the target price of $18.
R1 RCM Inc. experienced fluctuations in its stock price throughout the past year between $8.87 and $18.70. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. R1 RCM Inc. [NASDAQ: RCM] shares were valued at $12.29 at the most recent close of the market. An investor can expect a potential return of 54.6% based on the average RCM price forecast.
Analyzing the RCM fundamentals
Trailing Twelve Months sales for R1 RCM Inc. [NASDAQ:RCM] were 2.25B which represents 7.84% growth. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.63.
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 12.06 points at the first support level, and at 11.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.51, and for the 2nd resistance point, it is at 12.72.
R1 RCM Inc. [RCM] reported earnings per share of $0 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 $0.02/share, meaning a difference of -$0.02 and a surprise factor of -100.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0 per share as compared to estimates of $0.01 per share, a difference of -$0.01 representing a surprise of -100.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for R1 RCM Inc. [NASDAQ:RCM] is 1.81. In addition, the Quick Ratio stands at 1.81 and the Cash Ratio stands at 0.5. Considering the valuation of this stock, the price to sales ratio is 2.29, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 1730.99.
Transactions by insiders
Recent insider trading involved SPARBY JOHN M., President, that happened on Mar 07 ’24 when 10046.0 shares were sold. Director, HENNEMAN JOHN B III completed a deal on Aug 08 ’23 to sell 50000.0 shares. Meanwhile, Principal Accounting Officer Evans Richard B. Jr. sold 17000.0 shares on Jun 12 ’23.
