As of Friday close, Ryan Specialty Holdings Inc.’s (NYSE:RYAN) stock was up $0.6, moving up 1.35 percent to $45.11. The average number of shares traded per day over the past five days has been 761,780 shares. 2 times new highs have been achieved over the past 5 days, with a $0.61 gain in that time frame. In the last twenty days, the average volume was 709,910, while in the previous 50 days, it was 654,482.
Since last month, RYAN stock retreated -2.17%. Shares of the company fell to $42.95 on 08/08/23, the lowest level in the past month. A 52-week high of $46.38 was reached on 07/20/23 after having rallying from a 52-week low of $32.13. Since the beginning of this year, RYAN’s stock price has risen by 8.67% or $3.60, and marked a new high 13 times. However, the stock has declined by -2.74% since its 52-week high.
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RYAN stock investors should be aware that Ryan Specialty Holdings Inc. (RYAN) stock had its last reported insider trading activity 1 day ago on Aug 18. CORTEZI NICHOLAS DOMINIC, the Director of the company, disposed of 4,283 shares for $44.68 on Aug 18. It resulted in a $191,353 divestment by the insider. CORTEZI NICHOLAS DOMINIC sold 25,000 shares at an average price of $45.05 on Aug 17. The insider now owns 0 shares following the transaction. On Aug 16, PASCHAL-ALCORN LISA JO sold 42,762 shares at $45.01 apiece. The transaction was valued at $1,924,739.
Valuation Metrics
Right now, Ryan Specialty Holdings Inc. (RYAN) has a P/E ratio of about 73.71. The stock’s beta is 0.44. Besides these, the trailing price-to-sales (P/S) ratio of 6.13, the price-to-book (PB) ratio of 9.11, and the price-to-cash flow ratio of 39.38 may also be considered.
Financial Health
In the three months ended June 29, Ryan Specialty Holdings Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.49, and the total debt-to-equity ratio was 3.54. In the year ended June 29, operating margins totaled 17.60%. Based on annual data, RYAN earned $1.44 billion in gross profit and brought in $1.73 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 11.10%. Return on equity (ROE) for the past 12 months was 14.80%.
In Ryan Specialty Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $1.95 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RYAN’s revenue rose 16.04% to $457.6 million during the quarter, while net income inched up to $585.15 million. While analysts expected Ryan Specialty Holdings Inc. to report $0.44 quarterly earnings, the actual figure was $0.45 per share, beating the consensus estimate by 2.30%. During the quarter, the company generated $154.16 million in EBITDA. The liabilities of Ryan Specialty Holdings Inc. were 6.29 billion at the end of its most recent quarter ended June 29, and its total debt was $2.16 billion. The value of shareholders’ equity is $260.22 million.
Technical Picture
This quick technical analysis looks at Ryan Specialty Holdings Inc.’s (RYAN) price momentum. With a historical volatility rate of 25.97%, the RSI 9-day stood at 56.14% on 18 August.
With respect to its five-day moving average, the current Ryan Specialty Holdings Inc. price is up by +1.37% percent or $0.61. At present, RYAN shares trade -1.74% below its 20-day simple moving average and +16.71% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.82% above its SMA50 and +0.58% above its SMA200.
Stochastic coefficient K was 73.52% and Stochastic coefficient D was 67.77%, while ATR was 1.05. Given the Stochastic reading of 76.60% for the 14-day period, the RSI (14) reading has been calculated as 54.87%. As of today, the MACD Oscillator reading stands at 0.60, while the 14-day reading stands at 0.78.
Analyst Ratings
BMO Capital Markets launched its rating on Ryan Specialty Holdings Inc. (NYSE: RYAN) to an Outperform in a note to investors on January 20, 2023. Ryan Specialty Holdings Inc. (RYAN) has been rated Overweight by analysts. According to 2 brokerage firms, RYAN is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Ryan Specialty Holdings Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $49.00, the current consensus forecast for the stock is $38.00 – $53.00. Based on these forecasts, analysts predict Ryan Specialty Holdings Inc. (RYAN) will achieve an average price target of $48.40.
