R1 RCM Inc. (RCM) stock expected to rise by 42.97%: What’s driving the optimism?

At the time of writing, R1 RCM Inc. [RCM] stock is trading at $12.94, up 2.21%. An important factor to consider is whether the stock is rising or falling in short-term value. The RCM shares have gain 3.03% over the last week, with a monthly amount glided 1.25%, and 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.

For the past year, the stock price of R1 RCM Inc. fluctuated between $8.87 and $18.70. Currently, Wall Street analysts expect the stock to reach $18.5 within the next 12 months. R1 RCM Inc. [NASDAQ: RCM] shares were valued at $12.94 at the most recent close of the market. An investor can expect a potential return of 42.97% based on the average RCM price forecast.

Analyzing the RCM fundamentals

According to R1 RCM Inc. [NASDAQ:RCM], the company’s sales were 2.31B for trailing twelve months, which represents an 10.69% jump. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.

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 12.74 points at the first support level, and at 12.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.08, and for the 2nd resistance point, it is at 13.22.

Ratios To Look Out For

It is important to note that R1 RCM Inc. [NASDAQ:RCM] has a current ratio of 1.79. On the other hand, the Quick Ratio is 1.79, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 2.36, the price to book ratio is 1.93.

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.

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