Rimini Street Inc [RMNI] stock is trading at $2.52, up 0.40%. An important factor to consider is whether the stock is rising or falling in short-term value. The RMNI shares have gain 27.92% over the last week, with a monthly amount glided 28.90%, and 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 December 17, 2024, when Craig Hallum upgraded its rating to a Buy but kept the price target unchanged to $6 for it. Previously, Alliance Global Partners downgraded its rating to Neutral on July 31, 2024. On July 27, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $3 on the stock. Alliance Global Partners upgraded its rating to a Buy and decreased its price target to $8.50 on March 03, 2022. ROTH Capital upgraded its rating to a Buy but $8 remained the price target by the analyst firm on January 19, 2022. Cowen downgraded its rating to Market Perform for this stock on November 04, 2021, and downed its price target to $10. In a note dated November 04, 2021, Alliance Global Partners downgraded an Neutral rating on this stock and boosted its target price from $10 to $10.50.
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 $3 within the next 12 months. Rimini Street Inc [NASDAQ: RMNI] shares were valued at $2.52 at the most recent close of the market. An investor can expect a potential return of 19.05% 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-0.93.
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 2.47 points at the first support level, and at 2.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.57, and for the 2nd resistance point, it is at 2.61.
Ratios To Look Out For
For context, Rimini Street Inc’s Current Ratio is 0.66. On the other hand, the Quick Ratio is 0.66, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 0.54.
Transactions by insiders
Recent insider trading involved Ravin Seth A., President, CEO & Chairman, that happened on Dec 13 ’24 when 14375.0 shares were sold. EVP & Chief Financial Officer, Perica Michael L. completed a deal on Dec 13 ’24 to sell 3433.0 shares. Meanwhile, EVP & Chief Financial Officer Perica Michael L. sold 2082.0 shares on Aug 05 ’24.
