Rite Aid Corp. (NYSE:RAD) saw a downside of -33.90% to close Monday at $0.39 after subtracting -$0.2 on the day. The 5-day average trading volume is 3,205,920 shares of the company’s common stock. It has gained $0.7373 in the past week and touched a new high 2 times within the past 5 days. An average of 6,321,975 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,400,792.
RAD’s 1-month performance is -72.92% or -$0.3150 on its low of $0.3779 reached on 09/25/23. The company’s shares have touched a 52-week low of $0.58 and high of $7.37, with the stock’s rally to the 52-week high happening on 02/23/23. YTD, RAD has lost -88.32% or -$2.9500 and has reached a new high 6 times. However, the current price is down -94.71% from the 52-week high price.
Valuation Metrics
RAD stock has a beta of 1.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.00.
Rite Aid Corp.’s quick ratio for the period ended May 30 was 0.61, with the current ratio over the same period at 1.32. In terms of profitability, the gross margin trailing 12 months is 20.17%. The trailing 12-month EBITDA margin is 1.42% while for the period ending May 30, Rite Aid Corp.’s operating margin was 0.29%. The firm’s gross profit as reported stood at $4.8 billion against revenue of $24.09 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 64.07% to -$306.72 million, while revenue of -$241.31 million was 21.33% off the previous quarter. Analysts expected RAD to announce -$1.46 per share in earnings in its latest quarter, but it posted -$0.73, representing a 50.00% surprise. EBITDA for the quarter stood at more than -$10.8 million. RAD stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 8.6 billion, with total debt at $6.18 billion. Shareholders hold equity totaling $56.7 million.
Let’s look briefly at Rite Aid Corp. (RAD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 18.07% to suggest the stock is trending oversold, with historical volatility in this time period at 224.41%.
The stock’s 5-day moving average is $0.6068, reflecting a -44.47% or -$0.3123 change from its current price. RAD is currently trading -44.68% above its 20-day SMA, -80.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -74.68% and SMA200 by-91.72%.
Stochastic %K and %D was 7.84% and 20.07% and the average true range (ATR) pointed at 0.1095. The RSI (14) points at 23.93%, while the 14-day stochastic is at 3.01% with the period’s ATR at 0.1318. The stock’s 9-day MACD Oscillator is pointing at -0.0968 and -0.1049 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Rite Aid Corp. (NYSE: RAD), Deutsche Bank downgraded it to a Sell rating. They previously had a Hold rating on the stock. Analysts offering their rating for RAD stock have a consensus rating for the stock as Sell. Currently, 3 brokerage advisors rate RAD as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is RAD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.00 and a high of $1.00, with their median price target at $1.00. Looking at these predictions, the average price target given by analysts is for Rite Aid Corp. (RAD) stock is $1.00.
