Radius Recycling Inc (RDUS) stock forecast: Can it reach its 52-week high of $29.20

Currently, Radius Recycling Inc [RDUS] is trading at $28.94, down -0.62%. 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 RDUS shares have lost -0.14% over the last week, with a monthly amount glided 108.80%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Radius Recycling Inc [NASDAQ: RDUS] stock has seen the most recent analyst activity on December 02, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $22. Previously, Seaport Research Partners upgraded its rating to Neutral on May 30, 2024. On February 28, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $17.50 on the stock. Seaport Research Partners started tracking the stock assigning a Neutral rating. KeyBanc Capital Markets downgraded its rating to a Sector Weight. KeyBanc Capital Markets upgraded its rating to Overweight for this stock on March 24, 2022, but kept the price target unchanged to $58. In a note dated July 19, 2021, Northland Capital initiated an Outperform rating and provided a target price of $80 on this stock.

This stock has fluctuated between a low of $10.57 and a high of $29.20 over the last 52 weeks. Radius Recycling Inc [NASDAQ: RDUS] shares were valued at $28.94 at the most recent close of the market.

Analyzing the RDUS fundamentals

Trailing Twelve Months sales for Radius Recycling Inc [NASDAQ:RDUS] were 2.74B which represents 3.45% growth. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.

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 28.45 points at the first support level, and at 27.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.21, and for the 2nd resistance point, it is at 29.48.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Radius Recycling Inc [NASDAQ:RDUS] is 1.81. Further, the Quick Ratio stands at 0.88, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 1.50.

Transactions by insiders

Recent insider trading involved Heiskell Steven, SVP & President, Recycling P&S, that happened on Nov 07 ’24 when 9000.0 shares were sold. Officer, Heiskell Steven completed a deal on Nov 07 ’24 to buy 9000.0 shares. Meanwhile, SVP, GC, CCO, Corp. Secretary Vaughn James Matthew sold 1379.0 shares on Nov 05 ’24.

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