Rambus Inc [RMBS] stock is trading at $54.49, up 2.91%. 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 2.14% over the last week, with a monthly amount glided 31.62%, 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 November 12, 2024, when Loop Capital initiated its Buy rating and assigned the stock a price target of $70. Previously, Wells Fargo started tracking the stock with Overweight rating on November 06, 2024, and set its price target to $62. On May 18, 2023, upgrade upgraded it’s rating to Buy. Jefferies downgraded its rating to a Hold and increased its price target to $65 on May 18, 2023. Rosenblatt initiated its recommendation with a Buy and recommended $35 as its price target on October 14, 2021. Susquehanna started tracking with a Positive rating for this stock on April 30, 2021, and assigned it a price target of $26. In a note dated May 15, 2019, Wells Fargo initiated an Outperform rating.
Rambus Inc [RMBS] stock has fluctuated between $37.42 and $76.38 over the past year. Currently, Wall Street analysts expect the stock to reach $65.5 within the next 12 months. Rambus Inc [NASDAQ: RMBS] shares were valued at $54.49 at the most recent close of the market. An investor can expect a potential return of 20.21% based on the average RMBS price forecast.
Analyzing the RMBS fundamentals
Rambus Inc [NASDAQ:RMBS] reported sales of 517.75M for the trailing twelve months, which represents a growth of 38.19%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.34%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.17 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 53.42 points at the first support level, and at 52.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.23, and for the 2nd resistance point, it is at 55.96.
Ratios To Look Out For
For context, Rambus Inc’s Current Ratio is 8.26. Also, the Quick Ratio is 7.60, while the Cash Ratio stands at 1.54. Considering the valuation of this stock, the price to sales ratio is 11.22, the price to book ratio is 5.59 and price to earnings (TTM) ratio is 33.84.
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.
