At the last check on Friday, The Necessity Retail REIT Inc.’s (NASDAQ:RTL) stock was down -$0.55, moving down -7.33 percent to $6.95. The average number of shares traded per day over the past five days has been 1,187,475 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.08 fall in that time frame. In the last twenty days, the average volume was 764,494, while in the previous 50 days, it was 727,445.
Since last month, RTL stock retreated -0.86%. Shares of the company fell to $6.80 on 08/18/23, the lowest level in the past month. A 52-week high of $7.63 was reached on 08/31/23 after having rallying from a 52-week low of $4.45. Since the beginning of this year, RTL’s stock price has risen by 17.20% or $1.03, and marked a new high 24 times. However, the stock has declined by -8.91% since its 52-week high.
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Valuation Metrics
The stock’s beta is 1.34. Besides these, the trailing price-to-sales (P/S) ratio of 2.05, the price-to-book (PB) ratio of 0.65.
The latest dividend of $0.2130 per share was paid out, which is 0.24% more than last year’s $0.2125. On Monday July 3 2023, a $0.0005 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.85, and the total debt-to-equity ratio was 1.85. On the profitability front, the trailing twelve-month gross margin is 69.50% percent. In the recent year, operating margins totaled -0.40%. Based on annual data, RTL earned $33.08 million in gross profit and brought in $446.44 million 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 0.80%. Return on equity (ROE) for the past 12 months was -10.50%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RTL’s revenue fell -9.59% to $113.59 million during the quarter, while net income inched up to $106.7 million. During the quarter, the company generated $48.95 million in EBITDA. The value of shareholders’ equity is $134.53 million.
Technical Picture
This quick technical analysis looks at The Necessity Retail REIT Inc.’s (RTL) price momentum. With a historical volatility rate of 46.10%, the RSI 9-day stood at 39.83% on 31 August.
With respect to its five-day moving average, the current The Necessity Retail REIT Inc. price is down by -1.14% percent or -$0.08. At present, RTL shares trade -1.14% below its 20-day simple moving average and +11.36% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.58% above its SMA50 and +8.24% above its SMA200.
Stochastic coefficient K was 64.26% and Stochastic coefficient D was 76.53%, while ATR was 0.25. Given the Stochastic reading of 19.28% for the 14-day period, the RSI (14) reading has been calculated as 43.81%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.21.
Analyst Ratings
JMP Securities launched its rating on The Necessity Retail REIT Inc. (NASDAQ: RTL) to a Mkt perform in a note to investors on May 10, 2022. The Necessity Retail REIT Inc. (RTL) has been rated Buy by analysts. According to 0 brokerage firms, RTL is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate The Necessity Retail REIT Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $10.50, the current consensus forecast for the stock is $10.00 – $11.00. Based on these forecasts, analysts predict The Necessity Retail REIT Inc. (RTL) will achieve an average price target of $10.50.
