Radnet Inc [RDNT] stock prices are up 1.91% to $64.95 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 RDNT shares have gain 5.20% over the last week, with a monthly amount drifted -9.01%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Radnet Inc [NASDAQ: RDNT] stock has seen the most recent analyst activity on September 06, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $79 from $57. Previously, Barclays started tracking the stock with Equal Weight rating on March 06, 2024, and set its price target to $48. On August 31, 2023, Truist initiated with a Buy rating and assigned a price target of $40 on the stock. CJS Securities started tracking the stock assigning a Market Outperform rating and suggested a price target of $30 on March 31, 2023. Raymond James upgraded its rating to a Outperform but $30 remained the price target by the analyst firm on March 03, 2023. Barclays started tracking with a Overweight rating for this stock on August 12, 2021, and assigned it a price target of $39. In a note dated March 15, 2019, Raymond James downgraded an Outperform rating on this stock and boosted its target price from $16 to $17.50.
The stock price of Radnet Inc [RDNT] has been fluctuating between $35.16 and $93.65 over the past year. Currently, Wall Street analysts expect the stock to reach $89 within the next 12 months. Radnet Inc [NASDAQ: RDNT] shares were valued at $64.95 at the most recent close of the market. An investor can expect a potential return of 37.03% based on the average RDNT price forecast.
Analyzing the RDNT fundamentals
The Radnet Inc [NASDAQ:RDNT] reported sales of 1.77B for trailing twelve months, representing a surge of 14.72%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.94.
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 62.90 points at the first support level, and at 60.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.06, and for the 2nd resistance point, it is at 67.18.
Ratios To Look Out For
It’s worth pointing out that Radnet Inc [NASDAQ:RDNT]’s Current Ratio is 2.16. Also, the Quick Ratio is 2.16, while the Cash Ratio stands at 1.59. Considering the valuation of this stock, the price to sales ratio is 2.71, the price to book ratio is 5.37.
Transactions by insiders
Recent insider trading involved Katz David Jeffrey, EVP and Chief Legal Officer, that happened on Nov 25 ’24 when 12300.0 shares were sold. Officer, Katz David Jeffrey completed a deal on Nov 25 ’24 to buy 12300.0 shares. Meanwhile, Chief Information Officer Jayanathan Ranjan sold 38557.0 shares on Nov 19 ’24.
