As of Thursday close, Recruiter.com Group Inc.’s (NASDAQ:RCRT) stock was up $0.07, moving up 36.66 percent to $0.26. The average number of shares traded per day over the past five days has been 11,066,440 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0661 gain in that time frame. In the last twenty days, the average volume was 2,852,295, while in the previous 50 days, it was 1,698,592.
Since last month, RCRT stock rose 14.48%. Shares of the company fell to $0.1788 on 08/07/23, the lowest level in the past month. A 52-week high of $1.81 was reached on 02/01/23 after having rallying from a 52-week low of $0.18. Since the beginning of this year, RCRT’s stock price has dropped by -38.86% or -$0.1628, and marked a new high 9 times. However, the stock has declined by -85.85% since its 52-week high.
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Financial Health
In the three months ended June 29, Recruiter.com Group Inc.’s quick ratio stood at 0.30, while its current ratio was 0.30, 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 0.38, and the total debt-to-equity ratio was 1.88. On the profitability front, the trailing twelve-month gross margin is 31.20% percent. In the year ended June 29, EBITDA margin amounted to -34.08%, whereas operating margins totaled -65.20%. Based on annual data, RCRT earned $8.75 million in gross profit and brought in $25.37 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 -153.70%. Return on equity (ROE) for the past 12 months was -237.70%.
In Recruiter.com Group Inc.’s quarter-end financial report for June 29, it reported total debt of $1.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RCRT’s revenue fell -248.53% to $3.29 million during the quarter, while net income inched up to $2.04 million. While analysts expected Recruiter.com Group Inc. to report -$0.15 quarterly earnings, the actual figure was -$0.04 per share, beating the consensus estimate by 73.30%. During the quarter, the company generated -$0.24 million in EBITDA. The liabilities of Recruiter.com Group Inc. were 9.34 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $17.79 million.
Technical Picture
This quick technical analysis looks at Recruiter.com Group Inc.’s (RCRT) price momentum. With a historical volatility rate of 208.98%, the RSI 9-day stood at 65.48% on 17 August.
With respect to its five-day moving average, the current Recruiter.com Group Inc. price is up by +34.79% percent or $0.0661. At present, RCRT shares trade +20.01% above its 20-day simple moving average and -3.36% percent below its 100-day simple moving average. However, the stock is currently trading approximately -32.61% below its SMA50 and -61.87% below its SMA200.
Stochastic coefficient K was 32.20% and Stochastic coefficient D was 37.27%, while ATR was 0.0557. Given the Stochastic reading of 27.01% for the 14-day period, the RSI (14) reading has been calculated as 60.97%. As of today, the MACD Oscillator reading stands at 0.0185, while the 14-day reading stands at 0.0227.
Analyst Ratings
Maxim Group launched its rating on Recruiter.com Group Inc. (NASDAQ: RCRT) to a Buy in a note to investors on December 09, 2021. Recruiter.com Group Inc. (RCRT) has been rated Hold by analysts. According to 0 brokerage firms, RCRT 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 Recruiter.com Group Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $2.00, the current consensus forecast for the stock is $2.00 – $2.00. Based on these forecasts, analysts predict Recruiter.com Group Inc. (RCRT) will achieve an average price target of $2.00.
