Rite Aid Corporation (NYSE:RAD) saw a downside of -9.58% to close Monday at $1.51 after subtracting -$0.16 on the day. The 5-day average trading volume is 3,939,360 shares of the company’s common stock. It has gained $2.0900 in the past week and touched a new high 1 time within the past 5 days. An average of 9,529,345 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,426,494.
RAD’s 1-month performance is -5.03% or -$0.0800 on its low of $1.5000 reached on 08/21/23. The company’s shares have touched a 52-week low of $1.42 and high of $8.77, with the stock’s rally to the 52-week high happening on 02/23/23. YTD, RAD has lost -54.79% or -$1.8300 and has reached a new high 6 times. However, the current price is down -82.79% from the 52-week high price.
Valuation Metrics
RAD stock has a beta of 1.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.00.
Rite Aid Corporation’s quick ratio for the period ended May 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 20.20%. The trailing 12-month EBITDA margin is 1.42% while for the period ending May 30, Rite Aid Corporation’s operating margin was -3.20%. The firm’s gross profit as reported stood at $4.8 billion against revenue of $24.09 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 64.07% to -$306.72 million, while revenue of -$241.31 million was 21.33% off the previous quarter. Analysts expected RAD to announce -$1.46 per share in earnings in its latest quarter, but it posted -$0.73, representing a 50.00% surprise. EBITDA for the quarter stood at more than -$10.8 million. RAD stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 8.6 billion, with total debt at $6.18 billion. Shareholders hold equity totaling $56.7 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 21 August was 33.30% to suggest the stock is trending Neutral, with historical volatility in this time period at 112.34%.
The stock’s 5-day moving average is $1.7320, reflecting a -26.34% or -$0.5400 change from its current price. RAD is currently trading -3.21% above its 20-day SMA, -28.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -19.68% and SMA200 by-70.62%.
Stochastic %K and %D was 7.58% and 11.50% and the average true range (ATR) pointed at 0.2847. The RSI (14) points at 38.90%, while the 14-day stochastic is at 0.60% with the period’s ATR at 0.2663. The stock’s 9-day MACD Oscillator is pointing at -0.2911 and -0.5210 on the 14-day charts.
Analyst Ratings
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. Analysts offering their rating for RAD stock have a consensus rating for the stock as Sell. Currently, 3 brokerage advisors rate RAD as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is RAD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.00 and a high of $1.00, with their median price target at $1.00. Looking at these predictions, the average price target given by analysts is for Rite Aid Corporation (RAD) stock is $1.00.
