As of Thursday close, R1 RCM Inc.’s (NASDAQ:RCM) stock was down -$0.71, moving down -4.50 percent to $15.08. The average number of shares traded per day over the past five days has been 4,627,080 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.06 fall in that time frame. In the last twenty days, the average volume was 2,305,145, while in the previous 50 days, it was 2,222,974.
Since last month, RCM stock retreated -8.83%. Shares of the company fell to $15.04 on 09/21/23, the lowest level in the past month. A 52-week high of $20.48 was reached on 07/18/23 after having rallying from a 52-week low of $6.71. Since the beginning of this year, RCM’s stock price has risen by 37.72% or $4.13, and marked a new high 27 times. However, the stock has declined by -26.37% since its 52-week high.
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RCM stock investors should be aware that R1 RCM Inc. (RCM) stock had its last reported insider trading activity 45 days ago on Aug 08. HENNEMAN JOHN B III, the Director of the company, disposed of 50,000 shares for $17.17 on Aug 08. It resulted in a $858,650 divestment by the insider. Evans Richard B. Jr. sold 17,000 shares at an average price of $16.84 on Jun 12. The insider now owns 124,007 shares following the transaction. On Jun 09, Principal Accounting Officer Evans Richard B. Jr. sold 12,000 shares at $16.69 apiece. The transaction was valued at $200,280.
Valuation Metrics
The stock’s beta is 0.85. Besides these, the trailing price-to-sales (P/S) ratio of 3.09, the price-to-book (PB) ratio of 2.30, and the price-to-cash flow ratio of 109.97 may also be considered.
Financial Health
In the three months ended June 29, R1 RCM Inc.’s quick ratio stood at 1.80, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.62, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 19.50% percent. In the year ended June 29, EBITDA margin amounted to 20.12%, whereas operating margins totaled 2.60%. Based on annual data, RCM earned $361.3 million in gross profit and brought in $1.81 billion 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 0.10%. Return on equity (ROE) for the past 12 months was -2.40%.
In R1 RCM Inc.’s quarter-end financial report for June 29, it reported total debt of $1.69 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RCM’s revenue rose 31.21% to $545.6 million during the quarter, while net income inched up to $560.7 million. While analysts expected R1 RCM Inc. to report $0 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated $94.1 million in EBITDA. The liabilities of R1 RCM Inc. were 2.33 billion at the end of its most recent quarter ended June 29, and its total debt was $1.86 billion. The value of shareholders’ equity is $418.96 million.
Technical Picture
This quick technical analysis looks at R1 RCM Inc.’s (RCM) price momentum. With a historical volatility rate of 36.87%, the RSI 9-day stood at 27.03% on 21 September.
With respect to its five-day moving average, the current R1 RCM Inc. price is down by -6.57% percent or -$1.06. At present, RCM shares trade -8.55% below its 20-day simple moving average and -3.27% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.57% below its SMA50 and +57.74% above its SMA200.
Stochastic coefficient K was 14.18% and Stochastic coefficient D was 17.99%, while ATR was 0.54. Given the Stochastic reading of 1.26% for the 14-day period, the RSI (14) reading has been calculated as 32.41%. As of today, the MACD Oscillator reading stands at -0.43, while the 14-day reading stands at -0.81.
Analyst Ratings
Cantor Fitzgerald launched its rating on R1 RCM Inc. (NASDAQ: RCM) to an Overweight in a note to investors on August 15, 2023. R1 RCM Inc. (RCM) has been rated Buy by analysts. According to 0 brokerage firms, RCM is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate R1 RCM Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $21.50, the current consensus forecast for the stock is $18.00 – $26.00. Based on these forecasts, analysts predict R1 RCM Inc. (RCM) will achieve an average price target of $21.47.
