Rimini Street Inc [RMNI] stock is trading at $1.77, up 11.32%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RMNI shares have gain 2.31% over the last week, with a monthly amount drifted -1.67%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rimini Street Inc [NASDAQ: RMNI] stock has seen the most recent analyst activity on July 31, 2024, when Alliance Global Partners downgraded its rating to a Neutral. Previously, Craig Hallum downgraded its rating to Hold on July 27, 2023, and dropped its price target to $3. On March 03, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $8.50 on the stock. ROTH Capital upgraded its rating to a Buy but stick to its price target of $8 on January 19, 2022. Cowen downgraded its rating to a Market Perform and reduced its price target to $10 on November 04, 2021. Alliance Global Partners downgraded its rating to Neutral for this stock on November 04, 2021, and upped its price target to $10.50. In a note dated May 11, 2021, ROTH Capital downgraded an Neutral rating on this stock.
Rimini Street Inc [RMNI] stock has fluctuated between $1.53 and $3.43 over the past year. Currently, Wall Street analysts expect the stock to reach $5.75 within the next 12 months. Rimini Street Inc [NASDAQ: RMNI] shares were valued at $1.77 at the most recent close of the market. An investor can expect a potential return of 224.86% based on the average RMNI price forecast.
Analyzing the RMNI fundamentals
Rimini Street Inc [NASDAQ:RMNI] reported sales of 426.65M for the trailing twelve months, which represents a drop of -2.59%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is 0.71 and Total Capital is -1.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.07.
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 1.6200 points at the first support level, and at 1.4700 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8600, and for the 2nd resistance point, it is at 1.9500.
Ratios To Look Out For
For context, Rimini Street Inc’s Current Ratio is 0.66. Also, the Quick Ratio is 0.66, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 0.38.
Transactions by insiders
Recent insider trading involved Perica Michael L., EVP & Chief Financial Officer, that happened on Aug 05 ’24 when 2082.0 shares were sold. EVP & Chief Client Officer, Lyskawa Nancy completed a deal on Aug 02 ’24 to sell 527.0 shares. Meanwhile, EVP,ChiefRecurringRev.Officer Maddock Kevin sold 1315.0 shares on Aug 02 ’24.
