At the time of writing, Rambus Inc. [RMBS] stock is trading at $44.05, up 3.79%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RMBS shares have gain 7.31% over the last week, with a monthly amount glided 11.18%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rambus Inc. [NASDAQ: RMBS] stock has seen the most recent analyst activity on May 18, 2023, when Jefferies upgraded its rating to a Buy. Previously, Jefferies downgraded its rating to Hold on May 18, 2023, and elevated its price target to $65. On October 14, 2021, Rosenblatt initiated with a Buy rating and assigned a price target of $35 on the stock. Susquehanna started tracking the stock assigning a Positive rating and suggested a price target of $26 on April 30, 2021. Wells Fargo initiated its recommendation with a Outperform. Credit Suisse started tracking with a Neutral rating for this stock on May 29, 2018, and assigned it a price target of $16. In a note dated January 30, 2018, The Benchmark Company reiterated an Buy rating on this stock and boosted its target price from $16 to $18.
For the past year, the stock price of Rambus Inc. fluctuated between $37.42 and $76.38. Currently, Wall Street analysts expect the stock to reach $64.6 within the next 12 months. Rambus Inc. [NASDAQ: RMBS] shares were valued at $44.05 at the most recent close of the market. An investor can expect a potential return of 46.65% based on the average RMBS price forecast.
Analyzing the RMBS fundamentals
According to Rambus Inc. [NASDAQ:RMBS], the company’s sales were 477.53M for trailing twelve months, which represents an 10.27% jump. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.52%, and Net Profit Margin reading is 0.48%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.23 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 42.58 points at the first support level, and at 41.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.82, and for the 2nd resistance point, it is at 45.59.
Ratios To Look Out For
It is important to note that Rambus Inc. [NASDAQ:RMBS] has a current ratio of 7.18. Also, the Quick Ratio is 6.56, while the Cash Ratio stands at 1.47. Considering the valuation of this stock, the price to sales ratio is 9.93, the price to book ratio is 4.61 and price to earnings (TTM) ratio is 21.05.
Transactions by insiders
Recent insider trading involved STANG ERIC B, Director, that happened on May 08 ’24 when 6000.0 shares were sold. Director, STANG ERIC B completed a deal on May 07 ’24 to sell 5408.0 shares. Meanwhile, President and CEO Seraphin Luc sold 5530.0 shares on Apr 16 ’24.
