Radnet Inc [RDNT] stock prices are up 2.54% to $71.10 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RDNT shares have gain 7.69% over the last week, with a monthly amount glided 10.96%, 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 September 06, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $79 from $57. Previously, Barclays started tracking the stock with Equal Weight rating on March 06, 2024, and set its price target to $48. On August 31, 2023, Truist initiated with a Buy rating and assigned a price target of $40 on the stock. CJS Securities started tracking the stock assigning a Market Outperform rating and suggested a price target of $30 on March 31, 2023. Raymond James upgraded its rating to a Outperform but $30 remained the price target by the analyst firm on March 03, 2023. Barclays started tracking with a Overweight rating for this stock on August 12, 2021, and assigned it a price target of $39. In a note dated March 15, 2019, Raymond James downgraded an Outperform rating on this stock and boosted its target price from $16 to $17.50.
The stock price of Radnet Inc [RDNT] has been fluctuating between $25.11 and $70.37 over the past year. Currently, Wall Street analysts expect the stock to reach $69 within the next 12 months. Radnet Inc [NASDAQ: RDNT] shares were valued at $71.10 at the most recent close of the market. An investor can expect a potential drop of -2.95% based on the average RDNT price forecast.
Analyzing the RDNT fundamentals
The Radnet Inc [NASDAQ:RDNT] reported sales of 1.71B for trailing twelve months, representing a surge of 13.87%. 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 69.78 points at the first support level, and at 68.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.11, and for the 2nd resistance point, it is at 73.12.
Ratios To Look Out For
It’s worth pointing out that Radnet Inc [NASDAQ:RDNT]’s Current Ratio is 2.12. As well, the Quick Ratio is 2.12, while the Cash Ratio is 1.56. Considering the valuation of this stock, the price to sales ratio is 3.07, the price to book ratio is 5.97 and price to earnings (TTM) ratio is 484.33.
Transactions by insiders
Recent insider trading involved Murdock Michael N, EVP, Mergers and Acquisitions, that happened on Aug 21 ’24 when 15000.0 shares were sold. Officer, Murdock Michael N completed a deal on Aug 20 ’24 to buy 15000.0 shares. Meanwhile, EVP, Chief Admin Officer Patel Mital sold 29800.0 shares on Jun 18 ’24.
