Ryan Specialty Holdings Inc (NYSE:RYAN) saw an upside of 1.05% to close Friday at $49.31 after adding $0.51 on the day. The 5-day average trading volume is 549,420 shares of the company’s common stock. It has gained $50.64 in the past week and touched a new high 2 times within the past 5 days. An average of 653,320 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 672,438.
RYAN’s 1-month performance is 6.78% or $3.82 on its low of $45.42 reached on 08/23/23. The company’s shares have touched a 52-week low of $32.13 and high of $49.77, with the stock’s rally to the 52-week high happening on 09/22/23. YTD, RYAN has achieved 18.79% or $7.80 and has reached a new high 22 times. However, the current price is down -0.92% from the 52-week high price.
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Insider Transactions
RYAN stock investors last saw insider trading activity on Aug 18.CORTEZI NICHOLAS DOMINIC (Director) most recently sold 4,283 shares at $44.68 per share on Aug 18. This transaction cost the insider $191,353. Director, CORTEZI NICHOLAS DOMINIC, sold 25,000 shares at a price of $45.05 on Aug 17. Then, on Aug 16, PASCHAL-ALCORN LISA JO sold 42,762 shares at a price of $45.01 per share. This transaction amounted to $1,924,739.
Valuation Metrics
RYAN stock has a beta of 0.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.02 while the price-to-book (PB) in the most recent quarter is 10.16, with the price to cash flow ratio at 19.01.
As well, the company’s long term debt to equity for the quarter ending June 29 was 3.78, while the total debt to equity was 3.87. The firm’s gross profit as reported stood at $1.44 billion against revenue of $1.73 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 18.55% to $30.08 million, while revenue of $13.16 million was 56.25% off the previous quarter. Analysts expected RYAN to announce $0.44 per share in earnings in its latest quarter, but it posted $0.45, representing a 2.30% surprise. EBITDA for the quarter stood at more than $154.16 million. RYAN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.29 billion, with total debt at $2.16 billion. Shareholders hold equity totaling $260.22 million.
Let’s look briefly at Ryan Specialty Holdings Inc (RYAN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 64.43% to suggest the stock is trending Neutral, with historical volatility in this time period at 7.35%.
The stock’s 5-day moving average is $49.07, reflecting a +0.43% or $0.21 change from its current price. RYAN is currently trading +7.29% above its 20-day SMA, +19.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.31% and SMA200 by+18.42%.
Stochastic %K and %D was 48.24% and 53.90% and the average true range (ATR) pointed at 0.82. The RSI (14) points at 64.58%, while the 14-day stochastic is at 48.25% with the period’s ATR at 0.83. The stock’s 9-day MACD Oscillator is pointing at -0.07 and -0.01 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Ryan Specialty Holdings Inc (NYSE: RYAN), Wolfe Research launched coverage with an Outperform rating. Analysts offering their rating for RYAN stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate RYAN as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is RYAN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $38.00 and a high of $59.00, with their median price target at $50.00. Looking at these predictions, the average price target given by analysts is for Ryan Specialty Holdings Inc (RYAN) stock is $49.36.
