Rite Aid Corp. (NYSE:RAD) finished Thursday with a subtraction of -$0.05 to close at $0.46, a downside of -9.32 percent. An average of 15,376,800 shares of common stock have been traded in the last five days. There was a fall of -$0.1691 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 6,268,945 shares traded, while the 50-day average volume stands at 8,638,896.
RAD stock has decreased by -42.23% in the last month. The company shares reached their 1-month lowest point of $0.3779 on 09/25/23. With the stock rallying to its 52-week high on 02/23/23, shares of the company touched a low of $0.38 and a high of $7.37 in 52 weeks. It has reached a new high 6 times so far this year and lost -86.16% or -$2.8778 in price. In spite of this, the price is down -93.73% from the 52-week high.
Valuation Metrics
Rite Aid Corp. (RAD) stock’s beta is 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.00.
Financial Health
The quick ratio of Rite Aid Corp. for the three months ended May 30 was 0.61, and the current ratio was 1.32, indicating that the company is not able to meet its debt obligations. Rite Aid Corp.’s EBITDA margin for the year ending May 30 is 1.42%, while its operating margin for the same period stands at 0.29%. Its gross profit as reported stood at $4.8 billion compared to revenue of $24.09 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Rite Aid Corp.’s return on assets was -11.68%.
Earnings Surprise
For the three-month period that ended May 30, Rite Aid Corp. had $3.33 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$306.72 million in the quarter, while revenues of -$241.31 million were grew 64.07%. The analyst consensus anticipated Rite Aid Corp.’s latest quarter earnings to come in at -$1.46 per share, but it turned out to be -$0.73, a 50.00% surprise. For the quarter, EBITDA amounted to -$10.8 million. Shareholders own equity worth $56.7 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Rite Aid Corp. (RAD) price momentum. RSI 9-day as of the close on 28 September was 31.11%, suggesting the stock is Neutral, with historical volatility in this time frame at 248.65%.
As of today, RAD’s price is $0.4760 -26.79% or -$0.1691 from its 5-day moving average. RAD is currently trading -43.63% lower than its 20-day SMA and -76.42% lower than its 100-day SMA. However, the stock’s current price level is -69.59% below the SMA50 and -89.59% below the SMA200.
The stochastic %K and %D were 22.10% and 14.73%, respectively, and the average true range (ATR) was 0.1159. With the 14-day stochastic at 20.98% and the average true range at 0.1317, the RSI (14) stands at 31.02%. The stock has reached -0.1040 on the 9-day MACD Oscillator while the 14-day reading was at -0.1278.
Analyst Ratings
Deutsche Bank downgraded Rite Aid Corp. (NYSE: RAD) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Rite Aid Corp. (RAD) among analysts is Sell. According to current brokerage recommendations, 3 brokerage firms advise that investors sell RAD, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is RAD’s price target for the next 12 months?
Analysts predict a range of price targets between $1.00 and $1.00, with a median target of $1.00. Taking a look at these predictions, the average price target given by analysts for Rite Aid Corp. (RAD) stock is $1.00.
