At the time of writing, Radnet Inc [RDNT] stock is trading at $62.83, up 1.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The RDNT shares have gain 13.53% over the last week, with a monthly amount glided 5.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Radnet Inc [NASDAQ: RDNT] stock has seen the most recent analyst activity on March 06, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $48. Previously, Truist started tracking the stock with Buy rating on August 31, 2023, and set its price target to $40. On March 31, 2023, CJS Securities initiated with a Market Outperform rating and assigned a price target of $30 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $30 on March 03, 2023. Barclays initiated its recommendation with a Overweight and recommended $39 as its price target on August 12, 2021. Raymond James downgraded its rating to Outperform for this stock on March 15, 2019, and upped its price target to $17.50. In a note dated March 14, 2018, Raymond James initiated an Strong Buy rating.
For the past year, the stock price of Radnet Inc fluctuated between $25.11 and $66.04. Currently, Wall Street analysts expect the stock to reach $52.33 within the next 12 months. Radnet Inc [NASDAQ: RDNT] shares were valued at $62.83 at the most recent close of the market. An investor can expect a potential drop of -16.71% based on the average RDNT price forecast.
Analyzing the RDNT fundamentals
According to Radnet Inc [NASDAQ:RDNT], the company’s sales were 1.71B for trailing twelve months, which represents an 13.87% jump. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.23.
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 61.66 points at the first support level, and at 60.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.88, and for the 2nd resistance point, it is at 64.94.
Ratios To Look Out For
It is important to note that Radnet Inc [NASDAQ:RDNT] has a current ratio of 2.12. On the other hand, the Quick Ratio is 2.12, and the Cash Ratio is 1.56. Considering the valuation of this stock, the price to sales ratio is 2.71, the price to book ratio is 5.28 and price to earnings (TTM) ratio is 428.00.
Transactions by insiders
Recent insider trading involved Patel Mital, EVP, Chief Admin Officer, that happened on Jun 18 ’24 when 29800.0 shares were sold. Director, SPURLOCK GREGORY E. completed a deal on Jun 18 ’24 to sell 7167.0 shares. Meanwhile, EVP, Chief Admin Officer Patel Mital sold 10200.0 shares on Jun 17 ’24.
