At the time of writing, Ryan Specialty Holdings Inc [RYAN] stock is trading at $58.39, up 0.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The RYAN shares have gain 3.97% over the last week, with a monthly amount glided 11.35%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ryan Specialty Holdings Inc [NYSE: RYAN] stock has seen the most recent analyst activity on July 11, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also boosted its price target to $60 from $58. Previously, BofA Securities started tracking the stock with Buy rating on May 22, 2024, and set its price target to $67. On May 06, 2024, downgrade downgraded it’s rating to Peer Perform. Goldman downgraded its rating to a Neutral and decreased its price target to $53 on November 20, 2023. BMO Capital Markets downgraded its rating to a Market Perform. Wolfe Research started tracking with a Outperform rating for this stock on September 22, 2023, and assigned it a price target of $59. In a note dated September 19, 2023, JMP Securities initiated an Mkt Perform rating.
For the past year, the stock price of Ryan Specialty Holdings Inc fluctuated between $41.31 and $61.29. Currently, Wall Street analysts expect the stock to reach $52.25 within the next 12 months. Ryan Specialty Holdings Inc [NYSE: RYAN] shares were valued at $58.39 at the most recent close of the market. An investor can expect a potential drop of -10.52% based on the average RYAN price forecast.
Analyzing the RYAN fundamentals
According to Ryan Specialty Holdings Inc [NYSE:RYAN], the company’s sales were 2.20B for trailing twelve months, which represents an 22.07% jump. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.61.
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 57.85 points at the first support level, and at 57.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.03, and for the 2nd resistance point, it is at 59.67.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.16, the price to book ratio is 12.51 and price to earnings (TTM) ratio is 111.75.
Transactions by insiders
Recent insider trading involved BOLGER DAVID P, Director, that happened on Nov 13 ’23 when 10580.0 shares were sold. Director, CORTEZI NICHOLAS DOMINIC completed a deal on Aug 18 ’23 to sell 4283.0 shares. Meanwhile, Director CORTEZI NICHOLAS DOMINIC sold 25000.0 shares on Aug 17 ’23.
