So Far This Year, Rimini Street Inc. (RMNI) Reached A New High 2 times


As of Wednesday close, Rimini Street Inc.’s (NASDAQ:RMNI) stock was up $0.05, moving up 1.21 percent to $4.18. The average number of shares traded per day over the past five days has been 324,380 shares. 2 times new highs have been achieved over the past 5 days, with a $0.17 gain in that time frame. In the last twenty days, the average volume was 496,995, while in the previous 50 days, it was 396,530.

Since last month, RMNI stock retreated -26.02%. Shares of the company fell to $3.99 on 11/22/22, the lowest level in the past month. A 52-week high of $7.25 was reached on 08/03/22 after having rallying from a 52-week low of $3.99. Since the beginning of this year, RMNI’s stock price has dropped by -29.98% or -$1.79, and marked a new high 7 times. However, the stock has declined by -42.34% since its 52-week high.

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RMNI stock investors should be aware that Rimini Street Inc. (RMNI) stock had its last reported insider trading activity 54 days ago on Oct 01. Perica Michael L., the EVP & Chief Financial Officer of the company, disposed of 13,368 shares for $4.94 on Oct 01. It resulted in a $66,002 divestment by the insider. Lyskawa Nancy sold 11,970 shares at an average price of $4.87 on Sep 08. The insider now owns 84,155 shares following the transaction. On Aug 04, CIO, EVP Glob. Shared Services Salaets Steven sold 8,824 shares at $5.83 apiece. The transaction was valued at $51,409.

Valuation Metrics

Right now, Rimini Street Inc. (RMNI) has a P/E ratio of about 6.31. The stock’s beta is 0.88.

Financial Health

In the three months ended June 29, Rimini Street Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 62.90% percent. In the year ended June 29, operating margins totaled 6.60%. Based on annual data, RMNI earned $237.97 million in gross profit and brought in $374.43 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1919.90%. Return on equity (ROE) for the past 12 months was -89.60%.

In Rimini Street Inc.’s quarter-end financial report for June 29, it reported total debt of $71.45 million against cash and short-term investments of $11.15 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RMNI’s revenue rose 6.17% to $101.2 million during the quarter, while net income inched up to $101.93 million. While analysts expected Rimini Street Inc. to report $0.11 quarterly earnings, the actual figure was $0.07 per share, beating the consensus estimate by -36.40%. During the quarter, the company generated $4.29 million in EBITDA. The liabilities of Rimini Street Inc. were 408.72 million at the end of its most recent quarter ended June 29, and its total debt was $91.94 million. The value of shareholders’ equity is $88.28 million.

Technical Picture

This quick technical analysis looks at Rimini Street Inc.’s (RMNI) price momentum. With a historical volatility rate of 55.80%, the RSI 9-day stood at 40.68% on 23 November.

With respect to its five-day moving average, the current Rimini Street Inc. price is up by +4.24% percent or $0.17. At present, RMNI shares trade -25.36% below its 20-day simple moving average and -31.92% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.90% below its SMA50 and -16.57% below its SMA200.

Stochastic coefficient K was 23.07% and Stochastic coefficient D was 18.51%, while ATR was 0.25. Given the Stochastic reading of 42.70% for the 14-day period, the RSI (14) reading has been calculated as 40.10%.

Analyst Ratings

Alliance Global Partners upgraded its rating on Rimini Street Inc. (NASDAQ: RMNI) to a Buy in a note to investors on March 03, 2022. The analysts firm previously had a Neutral rating on the stock.Rimini Street Inc. (RMNI) has been rated Overweight by analysts. According to 0 brokerage firms, RMNI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Rimini Street Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $7.50, the current consensus forecast for the stock is $6.00 – $13.00. Based on these forecasts, analysts predict Rimini Street Inc. (RMNI) will achieve an average price target of $8.50.


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