Would It Be A Good Move Today To Sell RadNet Inc. (RDNT) Stock?


As of Wednesday close, RadNet Inc.’s (NASDAQ:RDNT) stock was up $0.02, moving up 0.11 percent to $17.44. The average number of shares traded per day over the past five days has been 173,300 shares. 5 times new highs have been achieved over the past 5 days, with a $0.91 gain in that time frame. In the last twenty days, the average volume was 320,850, while in the previous 50 days, it was 284,616.

Since last month, RDNT stock retreated -10.38%. Shares of the company fell to $12.03 on 11/09/22, the lowest level in the past month. A 52-week high of $31.20 was reached on 01/03/22 after having rallying from a 52-week low of $12.03. Since the beginning of this year, RDNT’s stock price has dropped by -42.08% or -$12.67, and marked a new high 1 time. However, the stock has declined by -44.10% since its 52-week high.

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RDNT stock investors should be aware that RadNet Inc. (RDNT) stock had its last reported insider trading activity 176 days ago on Jun 01. HAMES NORMAN R, the Pres and COO-West Operations of the company, disposed of 10,000 shares for $20.53 on Jun 01. It resulted in a $205,310 divestment by the insider. Gordon Christine Nayoma sold 2,000 shares at an average price of $20.61 on Jun 01. The insider now owns 12,497 shares following the transaction. On May 31, Director Gordon Christine Nayoma sold 900 shares at $20.47 apiece. The transaction was valued at $18,424.

Valuation Metrics

The stock’s beta is 1.55. Besides these, the trailing price-to-sales (P/S) ratio of 0.70, the price-to-book (PB) ratio of 3.16.

Financial Health

In the three months ended June 29, RadNet 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. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.35, and the total debt-to-equity ratio was 2.38. On the profitability front, the trailing twelve-month gross margin is 20.90% percent. In the year ended June 29, operating margins totaled 2.10%. Based on annual data, RDNT earned $191.8 million in gross profit and brought in $1.32 billion 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 5.50%. Return on equity (ROE) for the past 12 months was 2.70%.

In RadNet Inc.’s quarter-end financial report for June 29, it reported total debt of $735.5 million against cash and short-term investments of $54.73 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RDNT’s revenue rose 4.96% to $354.38 million during the quarter, while net income inched up to $350.04 million. While analysts expected RadNet Inc. to report $0.09 quarterly earnings, the actual figure was $0.15 per share, beating the consensus estimate by 66.70%. During the quarter, the company generated $55.24 million in EBITDA. The liabilities of RadNet Inc. were 1.79 billion at the end of its most recent quarter ended June 29, and its total debt was $1.44 billion. The value of shareholders’ equity is $57.36 million.

Technical Picture

This quick technical analysis looks at RadNet Inc.’s (RDNT) price momentum. With a historical volatility rate of 39.19%, the RSI 9-day stood at 53.33% on 23 November.

With respect to its five-day moving average, the current RadNet Inc. price is up by +5.51% percent or $0.91. At present, RDNT shares trade -10.66% below its 20-day simple moving average and -3.49% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.59% below its SMA50 and -32.74% below its SMA200.

Stochastic coefficient K was 85.86% and Stochastic coefficient D was 74.20%, while ATR was 0.87. Given the Stochastic reading of 93.20% for the 14-day period, the RSI (14) reading has been calculated as 48.96%. As of today, the MACD Oscillator reading stands at 0.53, while the 14-day reading stands at 0.63.


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