Insiders Have Traded Ritchie Bros. Auctioneers Incorporated (RBA) Stock In What Way?

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BBAI
BBAI

The stock of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) decreased by -$0.63 on Wednesday to $53.85, down -1.16 percent. The last five days have seen an average of 1,221,581 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$7.21. The average number of shares traded over the last 20 days was 1,768,930, while the average volume over the last 50 days totaled 922,126.

RBA stock dropped -14.47% since last month. On 11/07/22, the company’s shares reached a one-month low of $48.72. The stock touched a high of $72.73 on 08/04/22, after rallying from a low of $48.65 in 52 weeks. The price of RBA stock has declined by -10.99% or -$7.21 this year, reaching a new high 15 times. Still, the stock price is down -25.96% from the 52-week high.


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Insider Transactions

RBA stock investors should be aware that Ritchie Bros. Auctioneers Incorporated (RBA) stock had its last reported insider trading activity 194 days ago on May 13. On May 13, Gen. Counsel & Corp. Secretary Watt Darren Jeffrey sold 3,500 shares at $61.69 each. This transaction resulted in the insider making $215,915. On May 13, JETER JAMES J sold 2,100 shares at a price of US$61.73. After the transaction, the insider now owns 20,764 shares. Gen. Counsel & Corp. Secretary Watt Darren Jeffrey had earlier sold 400 shares on May 12 for $58.21 a share. The transaction was completed for $23,284.

Valuation Metrics

Ritchie Bros. Auctioneers Incorporated (RBA) has a trailing price-to-earnings (P/E) ratio of 19.96. Beta for the stock is 1.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.67, the price-to-book (PB) ratio of 4.87, and the price-to-cash flow ratio of 44.74.

Company paid $0.27 per share in dividends, remained unchanged from $0.27 last year. A $0.02 dividend increase was reported on Wednesday August 3 2022.

Financial Health

For the three months ended September 29, Ritchie Bros. Auctioneers Incorporated’s quick ratio was 1.10, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.52, and the total debt to equity ratio is 0.53. As far as profitability goes, gross margin for the trailing twelve months is 56.20% percent. Ritchie Bros. Auctioneers Incorporated’s operating margin stood at 26.70% for the same period. Based on annual data, it had gross profit of $822.19 million and revenue of $1.42 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RBA’s return on assets (ROA) during the last 12 months has been 9.30%. There was a 6.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.50%.

Earnings Surprise

According to Ritchie Bros. Auctioneers Incorporated’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $411.48 million, while revenues rose by 19.88% to $484.55 million. It was predicted that Ritchie Bros. Auctioneers Incorporated’s quarterly earnings would be $0.53, but it ended up being $0.33, beating the consensus by 60.60%. EBITDA was $93.59 million for the quarter. At the end of Ritchie Bros. Auctioneers Incorporated’s most recent quarter ended September 29, its liabilities totaled 1.58 billion, while its total debt was $755.53 million. Equity owned by shareholders amounts to $110.87 million.

Technical Picture

Here’s a quick look at Ritchie Bros. Auctioneers Incorporated’s (RBA) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 37.25%, suggesting the stock is Neutral, with a 29.70% historical volatility rate.

The stochastic %K and %D were 40.83% and 40.51% respectively, while the average true range (ATR) was 2.03. Based on the 14-day stochastic reading of 36.09%, the RSI (14) reading is 37.76%. On the 9-day MACD Oscillator, the stock is at -0.49, and the 14-day reading is at 0.12.

Analyst Ratings

In its most recent analyst report, Northcoast raised its rating on Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Ritchie Bros. Auctioneers Incorporated (RBA) an Overweight rating. RBA is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.

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

The current consensus forecast for the stock is between $55.00 and $70.00, with a median target price of $59.00. In analyzing these forecasts, the average price target given by analysts for Ritchie Bros. Auctioneers Incorporated (RBA) is $60.14.

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