As of Friday close, RB Global Inc.’s (NYSE:RBA) stock was up $0.39, moving up 0.69 percent to $56.64. The average number of shares traded per day over the past five days has been 739,920 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.36 fall in that time frame. In the last twenty days, the average volume was 1,258,830, while in the previous 50 days, it was 1,539,408.
Since last month, RBA stock retreated -10.79%. Shares of the company fell to $55.54 on 08/02/23, the lowest level in the past month. A 52-week high of $70.49 was reached on 08/01/23 after having rallying from a 52-week low of $47.72. Since the beginning of this year, RBA’s stock price has dropped by -0.01% or -$1.19, and marked a new high 17 times. However, the stock has declined by -19.65% since its 52-week high.
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RBA stock investors should be aware that RB Global Inc. (RBA) stock had its last reported insider trading activity 2 days ago on Aug 17. KESSLER JAMES FRANCIS, the Chief Executive Officer of the company, purchased of 2,000 shares for $56.30 on Aug 17. It resulted in a $112,600 investment by the insider. KESSLER JAMES FRANCIS added 325 shares at an average price of $56.78 on Aug 15. The insider now owns 61,011 shares following the transaction. On Aug 10, Director Sieger Michael D bought 1,000 shares at $58.08 apiece. The transaction was valued at $58,080.
Valuation Metrics
Right now, RB Global Inc. (RBA) has a P/E ratio of about 61.17. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 4.16, the price-to-book (PB) ratio of 2.09, and the price-to-cash flow ratio of 81.58 may also be considered.
The latest dividend of $0.27 per share was paid out, remained unchanged from last year’s $0.27.
Financial Health
In the three months ended June 29, RB Global Inc.’s quick ratio stood at 1.20, while its current ratio was 1.30, 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 0.64, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 51.80% percent. In the year ended June 29, EBITDA margin amounted to 25.18%, whereas operating margins totaled 11.50%. Based on annual data, RBA earned $957.11 million 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 19.20%. Return on equity (ROE) for the past 12 months was 4.30%.
In RB Global Inc.’s quarter-end financial report for June 29, it reported total debt of $3.1 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RBA’s revenue rose 56.21% to $512.4 million during the quarter, while net income inched up to $1.11 billion. While analysts expected RB Global Inc. to report $0.78 quarterly earnings, the actual figure was $0.85 per share, beating the consensus estimate by 9.00%. During the quarter, the company generated $322.1 million in EBITDA. The liabilities of RB Global Inc. were 6.99 billion at the end of its most recent quarter ended June 29, and its total debt was $4.69 billion. The value of shareholders’ equity is $182.14 million.
Technical Picture
This quick technical analysis looks at RB Global Inc.’s (RBA) price momentum. With a historical volatility rate of 13.71%, the RSI 9-day stood at 28.57% on 18 August.
With respect to its five-day moving average, the current RB Global Inc. price is down by -2.34% percent or -$1.36. At present, RBA shares trade -11.06% below its 20-day simple moving average and +2.20% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.00% above its SMA50 and -13.30% below its SMA200.
Stochastic coefficient K was 8.34% and Stochastic coefficient D was 10.86%, while ATR was 1.44. Given the Stochastic reading of 11.47% for the 14-day period, the RSI (14) reading has been calculated as 34.52%. As of today, the MACD Oscillator reading stands at -1.01, while the 14-day reading stands at -2.36.
