Shinn John Sells Rambus Inc. (RMBS) Shares

The stock of Rambus Inc. (NASDAQ:RMBS) increased by remained unchanged at $22.75, up 0.31 percent. The last five days have seen an average of 485,700 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $5.29. The average number of shares traded over the last 20 days was 584,305, while the average volume over the last 50 days totaled 650,332.

RMBS stock dropped -1.00% since last month. On 10/06/21, the company’s shares reached a one-month low of $21.65. The stock touched a high of $25.19 on 08/05/21, after rallying from a low of $13.58 in 52 weeks. The price of RMBS stock has risen by 30.30% or $5.29 this year, reaching a new high 24 times. Still, the stock price is down -9.69% from the 52-week high.

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Insider Transactions

There have been 69 days since Rambus Inc. (RMBS) last reported insider trading activity on Aug 17. On Aug 17, SVP, General Counsel Shinn John sold 2,037 shares at $23.68 each. This transaction resulted in the insider making $48,236. On May 17, Shinn John sold 2,037 shares at a price of US$18.43. After the transaction, the insider now owns 38,902 shares. Principal Accounting Officer Jones Keith A had earlier sold 10,432 shares on Mar 10 for $19.85 a share. The transaction was completed for $207,056.

Valuation Metrics

The PE ratio of Rambus Inc. has varied between 236.00 and 59.50 in the last five years. Beta for the stock is 1.02. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.90, the price-to-book (PB) ratio of 3.07, and the price-to-cash flow ratio of 15.93.

For the three months ended June 29, Rambus Inc.’s quick ratio was 8.20, while its current ratio was 8.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.19, and the total debt to equity ratio is 0.19. As far as profitability goes, gross margin for the trailing twelve months is 77.30% percent. Rambus Inc.’s EBITDA margin for the year ended June 29 was 1.17%, whereas its operating margin stood at -3.60% for the same period. Based on annual data, it had gross profit of $185.57 million and revenue of $246.32 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RMBS’s return on assets (ROA) during the last 12 months has been -1.10%. There was a -4.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.50%. ROE has averaged -0.25 in the past year for the broader industry.

Earnings Surprise

According to Rambus Inc.’s quarterly financial report for the quarter that ended June 29, it had $272.38 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $84.86 million, while revenues rose by 29.38% to $70.38 million. It was predicted that Rambus Inc.’s quarterly earnings would be $0.34, but it ended up being $0.31, beating the consensus by 9.70%. EBITDA was $25.32 million for the quarter. At the end of Rambus Inc.’s most recent quarter ended June 29, its liabilities totaled 322.4 million, while its total debt was $197.63 million. Equity owned by shareholders amounts to $108.9 million.

Technical Picture

Here’s a quick look at Rambus Inc.’s (RMBS) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 60.00%, suggesting the stock is Neutral, with a 15.37% historical volatility rate.

The stochastic %K and %D were 75.69% and 65.10% respectively, while the average true range (ATR) was 0.45. Based on the 14-day stochastic reading of 85.94%, the RSI (14) reading is 52.82%. On the 9-day MACD Oscillator, the stock is at 0.30, and the 14-day reading is at 0.31.

Analyst Ratings

In its analyst report released on October 14, 2021, Rosenblatt began covering Rambus Inc. (NASDAQ: RMBS). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Rambus Inc. (RMBS) an Overweight rating. RMBS is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.

What is RMBS’s price target for the next 12 months?

The current consensus forecast for the stock is between $22.50 and $35.00, with a median target price of $26.50. In analyzing these forecasts, the average price target given by analysts for Rambus Inc. (RMBS) is $27.58.


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