Radius Global Infrastructure Inc. (NASDAQ:RADI) finished Thursday with a subtraction of -$0.01 to close at $14.90, a downside of -0.03 percent. An average of 798,719 shares of common stock have been traded in the last five days. There was a gain of $0.01 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 760,815 shares traded, while the 50-day average volume stands at 887,248.
RADI stock has decreased by -0.03% in the last month. The company shares reached their 1-month lowest point of $14.86 on 08/08/23. With the stock rallying to its 52-week high on 07/11/23, shares of the company touched a low of $7.97 and a high of $15.99 in 52 weeks. It has reached a new high 31 times so far this year and achieved 26.10% or $3.09 in price. In spite of this, the price is down -6.81% from the 52-week high.
Valuation Metrics
Radius Global Infrastructure Inc. (RADI) has a trailing price-to-sales (P/S) ratio at 10.02, the price-to-book (PB) ratio at 2.25.
Financial Health
The quick ratio of Radius Global Infrastructure Inc. for the three months ended June 29 was 2.80, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.44 and a total debt to equity ratio of 2.47 for the quarter ending June 29. Radius Global Infrastructure Inc.’s EBITDA margin for the year ending June 29 is 8.08%. Its gross profit as reported stood at $128.51 million compared to revenue of $135.46 million.
Earnings Surprise
For the three-month period that ended June 29, Radius Global Infrastructure Inc. had $19.91 million in cash and short-term investments compared to $1.69 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$41.86 million in the quarter, while revenues of -$45.59 million were grew 55.4%. The analyst consensus anticipated Radius Global Infrastructure Inc.’s latest quarter earnings to come in at -$0.31 per share, but it turned out to be -$0.43, a -38.70% surprise. For the quarter, EBITDA amounted to $9.93 million. Shareholders own equity worth $99.72 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Radius Global Infrastructure Inc. (RADI) price momentum. RSI 9-day as of the close on 10 August was 52.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 2.52%.
As of today, RADI’s price is $14.89 +0.03% or $0.01 from its 5-day moving average. RADI is currently trading -0.03% lower than its 20-day SMA and +2.79% higher than its 100-day SMA. However, the stock’s current price level is +0.71% above the SMA50 and +83.11% above the SMA200.
The stochastic %K and %D were 73.81% and 60.32%, respectively, and the average true range (ATR) was 0.03. With the 14-day stochastic at 64.29% and the average true range at 0.04, the RSI (14) stands at 53.82%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.01.
Analyst Ratings
RBC Capital Mkts launched coverage on Radius Global Infrastructure Inc. (NASDAQ: RADI) in its analyst report released on December 16, 2022. The firm assigned the stock a Sector perform rating. The consensus rating for Radius Global Infrastructure Inc. (RADI) among analysts is Underweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell RADI, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is RADI’s price target for the next 12 months?
Analysts predict a range of price targets between $15.00 and $15.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for Radius Global Infrastructure Inc. (RADI) stock is $15.00.
