The Necessity Retail REIT Inc. (NASDAQ:RTL) saw an upside of 0.14% to $7.02 after adding $0.01on Wednesday. The 5-day average trading volume is 543,838 shares of the company’s common stock. It has gained $7.09 in the past week and touched a new high 1 time within the past 5 days. An average of 533,379 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 705,986.
RTL’s 1-month performance is -4.36% or -$0.35 on its low of $6.80 reached on 08/18/23. The company’s shares have touched a 52-week low of $4.45 and high of $7.74, with the stock’s rally to the 52-week high happening on 07/21/23. YTD, RTL has achieved 18.38% or $1.07 and has reached a new high 22 times. However, the current price is down -9.25% from the 52-week high price.
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Valuation Metrics
RTL stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.06 while the price-to-book (PB) in the most recent quarter is 0.65.
In terms of profitability, the gross margin trailing 12 months is 69.50%. The firm’s gross profit as reported stood at $33.08 million against revenue of $446.44 million.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -5.22% to -$53.47 million, while revenue of -$18.76 million was 64.91% off the previous quarter. EBITDA for the quarter stood at more than $48.95 million. Shareholders hold equity totaling $134.53 million.
Let’s look briefly at The Necessity Retail REIT Inc. (RTL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 42.23% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.44%.
The stock’s 5-day moving average is $6.97, reflecting a -0.21% or -$0.02 change from its current price. RTL is currently trading -5.73% above its 20-day SMA, +14.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.67% and SMA200 by+8.45%.
Stochastic %K and %D was 22.92% and 20.69% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 45.75%, while the 14-day stochastic is at 27.08% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at -0.11 and -0.18 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The Necessity Retail REIT Inc. (NASDAQ: RTL), JMP Securities launched coverage with a Mkt perform rating. Analysts offering their rating for RTL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate RTL as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is RTL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $11.00, with their median price target at $10.50. Looking at these predictions, the average price target given by analysts is for The Necessity Retail REIT Inc. (RTL) stock is $10.50.
