The stock of Radius Global Infrastructure Inc. (NASDAQ:RADI) increased by $0.04 on Wednesday to $15.01, up 0.27 percent. The last five days have seen an average of 4,331,226 shares of common stock traded. 31 times new highs were reached in the current year, with a gain of $3.19. The average number of shares traded over the last 20 days was 1,560,151, while the average volume over the last 50 days totaled 1,064,871.
RADI stock appreciated 0.81% since last month. On 09/12/23, the company’s shares reached a one-month low of $14.61. The stock touched a high of $15.18 on 07/11/23, after rallying from a low of $7.97 in 52 weeks. The price of RADI stock has risen by 26.99% or $3.19 this year, reaching a new high 31 times. Still, the stock price is down -1.12% from the 52-week high.
Financial Health
For the three months ended June 29, Radius Global Infrastructure Inc.’s quick ratio was 3.20, while its current ratio was 3.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.81, and the total debt to equity ratio is 2.84. As far as profitability goes, gross margin for the trailing twelve months is 94.60% percent. Radius Global Infrastructure Inc.’s EBITDA margin for the year ended June 29 was 8.08%, whereas its operating margin stood at -47.00% for the same period. Based on annual data, it had gross profit of $128.51 million and revenue of $135.46 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RADI’s return on assets (ROA) during the last 12 months has been -6.80%. There was a -3.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -26.40%.
Earnings Surprise
According to Radius Global Infrastructure Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $42.48 million, while revenues rose by 23.33% to $41.21 million. It was predicted that Radius Global Infrastructure Inc.’s quarterly earnings would be -$0.43, but it ended up being -$0.31, beating the consensus by -38.70%. EBITDA was $9.93 million for the quarter. At the end of Radius Global Infrastructure Inc.’s most recent quarter ended June 29, its liabilities totaled 1.99 billion, while its total debt was $1.73 billion. Equity owned by shareholders amounts to $99.72 million.
Technical Picture
Here’s a quick look at Radius Global Infrastructure Inc.’s (RADI) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 64.63%, suggesting the stock is Neutral, with a 8.39% historical volatility rate.
The stochastic %K and %D were 98.20% and 93.45% respectively, while the average true range (ATR) was 0.08. Based on the 14-day stochastic reading of 100.00%, the RSI (14) reading is 61.62%. On the 9-day MACD Oscillator, the stock is at 0.08, and the 14-day reading is at 0.07.
Analyst Ratings
In its analyst report released on December 16, 2022, RBC Capital Mkts began covering Radius Global Infrastructure Inc. (NASDAQ: RADI). The stock was rated as a Sector perform by the brokerage firm. Analysts have assigned Radius Global Infrastructure Inc. (RADI) an Underweight rating. RADI is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is RADI’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $15.00, with a median target price of $15.00. In analyzing these forecasts, the average price target given by analysts for Radius Global Infrastructure Inc. (RADI) is $15.00.
