A share price of Reliance Inc [RS] is currently trading at $302.66, up 3.08%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RS shares have gain 5.38% over the last week, with a monthly amount glided 4.20%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Reliance Inc [NYSE: RS] stock has seen the most recent analyst activity on January 08, 2025, when Wolfe Research upgraded its rating to a Peer Perform. Previously, Goldman started tracking the stock with Neutral rating on December 02, 2024, and set its price target to $341. On July 26, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $262 on the stock. Citigroup downgraded its rating to a Neutral but stick to its price target of $380 on April 11, 2024. Wolfe Research downgraded its rating to a Peer Perform. In a note dated October 06, 2022, Goldman downgraded an Neutral rating on this stock and revised its target price from $218 to $201.
Reliance Inc experienced fluctuations in its stock price throughout the past year between $256.98 and $342.20. Currently, Wall Street analysts expect the stock to reach $325 within the next 12 months. Reliance Inc [NYSE: RS] shares were valued at $302.66 at the most recent close of the market. An investor can expect a potential return of 7.38% based on the average RS price forecast.
Analyzing the RS fundamentals
Trailing Twelve Months sales for Reliance Inc [NYSE:RS] were 13.84B which represents -6.31% decline. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.12 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 295.44 points at the first support level, and at 288.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 310.43, and for the 2nd resistance point, it is at 318.20.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Reliance Inc [NYSE:RS] is 3.21. Further, the Quick Ratio stands at 1.54, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 1.18, the price to book ratio is 2.25 and price to earnings (TTM) ratio is 19.60.
Transactions by insiders
Recent insider trading involved Lewis Karla R, President, CEO, that happened on Dec 02 ’24 when 3892.0 shares were sold. Officer, Lewis Karla R completed a deal on Dec 02 ’24 to buy 3892.0 shares. Meanwhile, SVP, General Counsel, Corp Sec Smith William A II sold 6500.0 shares on Nov 06 ’24.
