R1 RCM Inc. (NASDAQ:RCM) finished Friday with an addition of $0.02 to close at $16.33, an upside of 0.12 percent. An average of 1,256,840 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,995,980 shares traded, while the 50-day average volume stands at 2,596,764.
RCM stock has increased by 1.05% in the last month. The company shares reached their 1-month lowest point of $15.87 on 08/18/23. With the stock rallying to its 52-week high on 07/18/23, shares of the company touched a low of $6.71 and a high of $24.48 in 52 weeks. It has reached a new high 27 times so far this year and achieved 49.13% or $5.38 in price. In spite of this, the price is down -33.29% from the 52-week high.
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Insider Transactions
RCM stock investors should be aware that R1 RCM Inc. (RCM) stock had its last reported insider trading activity 18 days ago on Aug 08. In this transaction, the insider spent $858,650. Principal Accounting Officer, Evans Richard B. Jr., disposed of 17,000 shares at a price of $16.84 on Jun 12. The insider now owns more than $286,229 worth of shares. Prior to that, Principal Accounting Officer Evans Richard B. Jr. went on to Sale 12,000 shares at $16.69 each on Jun 09. An amount of $200,280 was transacted.
Valuation Metrics
R1 RCM Inc. (RCM) stock’s beta is 0.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.18, the price-to-book (PB) ratio at 2.50.
Financial Health
The quick ratio of R1 RCM Inc. for the three months ended June 29 was 1.70, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.63 and a total debt to equity ratio of 0.65 for the quarter ending June 29. R1 RCM Inc.’s EBITDA margin for the year ending June 29 is 20.12%, while its operating margin for the same period stands at 0.10%. Its gross profit as reported stood at $361.3 million compared to revenue of $1.81 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, R1 RCM Inc.’s return on assets was -1.10%.
Earnings Surprise
For the three-month period that ended June 29, R1 RCM Inc. had $1.69 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $0.3 million in the quarter, while revenues were shrunk -9700.0%. The analyst consensus anticipated R1 RCM Inc.’s latest quarter earnings to come in at $0 per share, but it turned out to be $0. For the quarter, EBITDA amounted to $94.1 million. Shareholders own equity worth $418.96 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at R1 RCM Inc. (RCM) price momentum. RSI 9-day as of the close on 25 August was 41.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.45%.
As of today, RCM’s price is $16.48 +0.49% or $0.08 from its 5-day moving average. RCM is currently trading -2.91% lower than its 20-day SMA and +11.09% higher than its 100-day SMA. However, the stock’s current price level is -5.77% below the SMA50 and +10.71% above the SMA200.
The stochastic %K and %D were 30.36% and 29.68%, respectively, and the average true range (ATR) was 0.45. With the 14-day stochastic at 31.08% and the average true range at 0.49, the RSI (14) stands at 42.78%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.15.
Analyst Ratings
Cantor Fitzgerald launched coverage on R1 RCM Inc. (NASDAQ: RCM) in its analyst report released on August 15, 2023. The firm assigned the stock an Overweight rating. The consensus rating for R1 RCM Inc. (RCM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RCM, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.
What is RCM’s price target for the next 12 months?
Analysts predict a range of price targets between $18.00 and $26.00, with a median target of $22.00. Taking a look at these predictions, the average price target given by analysts for R1 RCM Inc. (RCM) stock is $21.57.
