Currently, Radnet Inc [RDNT] is trading at $71.40, up 2.22%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RDNT shares have gain 9.78% over the last week, with a monthly amount glided 7.56%, 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.
This stock has fluctuated between a low of $28.27 and a high of $72.18 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $69 within the next 12 months. Radnet Inc [NASDAQ: RDNT] shares were valued at $71.40 at the most recent close of the market. An investor can expect a potential drop of -3.36% based on the average RDNT price forecast.
Analyzing the RDNT fundamentals
Trailing Twelve Months sales for Radnet Inc [NASDAQ:RDNT] were 1.71B which represents 13.87% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.23.
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 70.04 points at the first support level, and at 68.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.60, and for the 2nd resistance point, it is at 73.80.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Radnet Inc [NASDAQ:RDNT] is 2.12. Also, the Quick Ratio is 2.12, while the Cash Ratio stands at 1.56. Considering the valuation of this stock, the price to sales ratio is 3.08, the price to book ratio is 5.99 and price to earnings (TTM) ratio is 486.38.
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.
