A share price of RPC, Inc [RES] is currently trading at $6.43, up 4.55%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RES shares have gain 12.22% over the last week, with a monthly amount glided 7.17%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
RPC, Inc [NYSE: RES] stock has seen the most recent analyst activity on June 16, 2023, when Citigroup downgraded its rating to a Sell and also revised its price target to $7 from $8.25. Previously, Johnson Rice upgraded its rating to Accumulate on April 28, 2022, and kept the price target unchanged to $13. On September 13, 2021, upgrade upgraded it’s rating to Neutral. Morgan Stanley downgraded its rating to a Underweight but stick to its price target of $2.50 on November 10, 2020. Scotiabank upgraded its rating to a Sector Perform but $3 remained the price target by the analyst firm on April 13, 2020. Morgan Stanley downgraded its rating to Equal-Weight for this stock on March 16, 2020, but kept the price target unchanged to $2.50. In a note dated January 06, 2020, Raymond James upgraded an Outperform rating on this stock but restated the target price of $7.
RPC, Inc experienced fluctuations in its stock price throughout the past year between $5.63 and $8.19. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. RPC, Inc [NYSE: RES] shares were valued at $6.43 at the most recent close of the market. An investor can expect a potential return of 55.52% based on the average RES price forecast.
Analyzing the RES fundamentals
Trailing Twelve Months sales for RPC, Inc [NYSE:RES] were 1.47B which represents 2.19% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.11 and Total Capital is 0.11. 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 6.25 points at the first support level, and at 6.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.53, and for the 2nd resistance point, it is at 6.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for RPC, Inc [NYSE:RES] is 5.04. Also, the Quick Ratio is 4.19, while the Cash Ratio stands at 2.06. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 11.70.
