RB Global Inc [RBA] stock prices are up 0.31% to $83.38 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RBA shares have gain 5.92% over the last week, with a monthly amount glided 3.85%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Previously, Raymond James upgraded its rating to Outperform on July 20, 2023, and elevated its price target to $75. On May 18, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $61 on the stock. Scotiabank upgraded its rating to a Sector Outperform and increased its price target to $65 on December 05, 2022. Northcoast upgraded its rating to a Buy but $65 remained the price target by the analyst firm on November 14, 2022. BofA Securities downgraded its rating to Neutral for this stock on November 08, 2022, and downed its price target to $55. In a note dated November 07, 2022, Barrington Research upgraded an Outperform rating on this stock.
The stock price of RB Global Inc [RBA] has been fluctuating between $55.67 and $83.26 over the past year. Currently, Wall Street analysts expect the stock to reach $64.67 within the next 12 months. RB Global Inc [NYSE: RBA] shares were valued at $83.38 at the most recent close of the market. An investor can expect a potential drop of -22.44% based on the average RBA price forecast.
Analyzing the RBA fundamentals
The RB Global Inc [NYSE:RBA] reported sales of 4.22B for trailing twelve months, representing a drop of -0.94%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.71.
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 82.74 points at the first support level, and at 82.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.81, and for the 2nd resistance point, it is at 84.24.
Ratios To Look Out For
It’s worth pointing out that RB Global Inc [NYSE:RBA]’s Current Ratio is 1.29. As well, the Quick Ratio is 1.20, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 3.64, the price to book ratio is 2.98 and price to earnings (TTM) ratio is 46.97.
Transactions by insiders
Recent insider trading involved Watt Darren Jeffrey, Chief Legal Officer, that happened on Aug 19 ’24 when 2915.0 shares were sold. Officer, Watt Darren Jeffrey completed a deal on Aug 19 ’24 to buy 2915.0 shares. Meanwhile, Chief Revenue Officer JETER JAMES J sold 2920.0 shares on Aug 13 ’24.
