Rite Aid Corporation (NYSE:RAD) saw a downside of -0.59% to close Tuesday at $3.36 after subtracting -$0.02 on the day. The 5-day average trading volume is 2,886,820 shares of the company’s common stock. It has gained $3.46 in the past week and touched a new high 2 times within the past 5 days. An average of 2,680,355 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,671,264.
RAD’s 1-month performance is -7.95% or -$0.08 on its low of $3.17 reached on 01/20/23. The company’s shares have touched a 52-week low of $3.17 and high of $11.60, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, RAD has achieved 0.60% or $0.02 and has reached a new high 3 times. However, the current price is down -71.05% from the 52-week high price.
RAD stock has a beta of 1.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.01.
Rite Aid Corporation’s quick ratio for the period ended August 30 was 0.60, with the current ratio over the same period at 1.30.. In terms of profitability, the gross margin trailing 12 months is 19.90%. The firm’s gross profit as reported stood at $5.11 billion against revenue of $24.57 billion.
For the quarterly period ending August 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 46.29% to -$67.14 million, while revenue of -$331.29 million was -393.43% off the previous quarter. Analysts expected RAD to announce -$0.55 per share in earnings in its latest quarter, but it posted -$0.63, representing a -14.50% surprise. EBITDA for the quarter stood at more than $78.7 million. RAD stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 8.61 billion, with total debt at $6.31 billion. Shareholders hold equity totaling $56.52 million.
Let’s look briefly at Rite Aid Corporation (RAD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 42.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.50%.
The stock’s 5-day moving average is $3.30, reflecting a -0.30% or -$0.01 change from its current price. RAD is currently trading -2.04% above its 20-day SMA, -57.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -31.71% and SMA200 by-60.19%.
Stochastic %K and %D was 26.76% and 18.22% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 39.34%, while the 14-day stochastic is at 27.74% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.02 and -0.05 on the 14-day charts.
In the most recent analyst report for Rite Aid Corporation (NYSE: RAD), Deutsche Bank downgraded it to a Sell rating. They previously had a Hold rating on the stock.