R1 RCM Inc. (NASDAQ:RCM) price is hovering lower on Tuesday, March 26, dropping -0.11% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $13.06. The company’s 5Y monthly beta was ticking 0.80 while its P/E ratio in the trailing 12-month period read 1837.32. Taking into account the 52-week price action we note that the stock hit a 52-week high of $18.70 and 52-week low of $8.87. The stock subtracted -6.08% on its value in the past month.
R1 RCM Inc., which has a market valuation of $5.48 billion, is expected to release its quarterly earnings report Feb 14, 2024 – Feb 19, 2024. Analysts tracking RCM have forecast the quarterly EPS to shrink by -0.01 per share this quarter, while the same analysts predict the annual EPS to hit -$0.02 for the year 2024 and up to $0.22 for 2025. In this case, analysts estimate an annual EPS growth of -300.00% for the year and 1,200.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $612.87 million, with the likely lows of $569 million and highs of $631.48 million. The average estimate suggests sales growth for the quarter will likely rise by 12.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $2.64 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 17.10% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give RCM a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that RCM’s price is at present -5.05% off the SMA20 and 10.26% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.98, with weekly volatility standing at 2.69%. The indicator jumps to 3.11% when calculated based on the past 30 days. R1 RCM Inc. (NASDAQ:RCM)’s beta value is holding at 0.79, while the average true range (ATR) indicator is currently reading 0.44.
An analysis of the R1 RCM Inc. (NASDAQ:RCM) stock in terms of its daily trading volume indicates that the 3-month average is 4.10 million. However, this figure increases on the past 10-day timeline to an average of 2.99 million.
Current records show that the company has 420.20M in outstanding shares. The insiders’ percentage holdings are 64.17% of outstanding shares while the percentage share held by institutions stands at 39.54%. The stats also highlight that short interest as of Feb 29, 2024, stood at 17.49 million shares, which puts the short ratio at the time at 3.53. From this we can glean that short interest is 4.16% of company’s current outstanding shares. Notably, we see that shares short in February fall slightly given the previous month’s figure stood at 27.5 million. But the 23.42% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
