Rambus Inc [RMBS] stock prices are up 1.55% to $57.77 at the moment. 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 10.48% over the last week, with a monthly amount glided 28.95%, 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 26, 2024, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $90. Previously, Loop Capital started tracking the stock with Buy rating on November 12, 2024, and set its price target to $70. On November 06, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $62 on the stock. Jefferies upgraded its rating to a Buy. Jefferies downgraded its rating to a Hold and raised its price target to $65 on May 18, 2023. Rosenblatt started tracking with a Buy rating for this stock on October 14, 2021, and assigned it a price target of $35. In a note dated April 30, 2021, Susquehanna initiated an Positive rating and provided a target price of $26 on this stock.
The stock price of Rambus Inc [RMBS] has been fluctuating 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 $57.77 at the most recent close of the market. An investor can expect a potential return of 13.38% based on the average RMBS price forecast.
Analyzing the RMBS fundamentals
The Rambus Inc [NASDAQ:RMBS] reported sales of 517.75M for trailing twelve months, representing a surge 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 56.37 points at the first support level, and at 54.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.00, and for the 2nd resistance point, it is at 62.24.
Ratios To Look Out For
It’s worth pointing out that Rambus Inc [NASDAQ:RMBS]’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 11.89, the price to book ratio is 5.93 and price to earnings (TTM) ratio is 35.88.
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.
