Resources Connection Inc [RGP] stock prices are up 1.43% to $8.53 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RGP shares have gain 5.96% over the last week, with a monthly amount glided 1.07%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Resources Connection Inc [NASDAQ: RGP] stock has seen the most recent analyst activity on November 15, 2022, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $58 from $49. Previously, Sidoti started tracking the stock with Buy rating on June 19, 2020, and set its price target to $15.
The stock price of Resources Connection Inc [RGP] has been fluctuating between $7.90 and $14.50 over the past year. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Resources Connection Inc [NASDAQ: RGP] shares were valued at $8.53 at the most recent close of the market. An investor can expect a potential return of 52.4% based on the average RGP price forecast.
Analyzing the RGP fundamentals
The Resources Connection Inc [NASDAQ:RGP] reported sales of 599.57M for trailing twelve months, representing a drop of -19.53%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.05. 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 8.41 points at the first support level, and at 8.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.65, and for the 2nd resistance point, it is at 8.78.
Ratios To Look Out For
It’s worth pointing out that Resources Connection Inc [NASDAQ:RGP]’s Current Ratio is 2.84. On the other hand, the Quick Ratio is 2.84, and the Cash Ratio is 1.2. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 0.70 and price to earnings (TTM) ratio is 23.72.
Transactions by insiders
Recent insider trading involved MURRAY DONALD B, Officer, that happened on Aug 29 ’24 when 0.28 million shares were purchased. Officer, MURRAY DONALD B completed a deal on Aug 29 ’24 to buy 0.25 million shares. Meanwhile, Officer MURRAY DONALD B bought 0.2 million shares on Aug 14 ’24.
