Radnet Inc (NASDAQ:RDNT) price on current trading day, rose 4.66% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $50.71.
A look at the stock’s price movement, the close in the last trading session was $48.45, moving within a range at $47.51 and $51.46. The beta value (5-Year monthly) was 1.848 while the PE ratio in trailing twelve months stood at 1550.76. Turning to its 52-week performance, $93.65 and $44.08 were the 52-week high and 52-week low respectively. Overall, RDNT moved -17.49% over the past month.
Radnet Inc’s market cap currently stands at around $3.75 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Analysts have a consensus estimate of 442.98M for the company’s revenue for the quarter, with a low and high estimate of 431.6M and 450.74M respectively. The average forecast suggests up to a 2.61% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.93B, representing a 5.28% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RDNT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 9 recommend RDNT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RDNT’s current price about -4.07% and -15.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.95, while 7-day volatility ratio is 5.77% and 6.73% in the 30-day chart. Further, Radnet Inc (RDNT) has a beta value of 1.60, and an average true range (ATR) of 3.20. Analysts have given the company’s stock an average 52-week price target of $94, forecast between a low of $88 and high of $100. Looking at the price targets, the low is -73.54% off current price level while to achieve the yearly target high, price needs to move -97.2%. Nonetheless, investors will most likely welcome a -85.37% jump to $94 which is the analysts’ median price.
If we refocus on Radnet Inc (NASDAQ:RDNT), historical trading data shows that trading volumes averaged 1.12 over the past 10 days and 861.42K over the past 3 months. The company’s latest data on shares outstanding shows there are 74.04 million shares.
The 10.87% of Radnet Inc’s shares are in the hands of company insiders while institutional holders own 87.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.67 million on 2025-02-28, giving us a short ratio of 7.08. The data shows that as of 2025-02-28 short interest in Radnet Inc (RDNT) stood at 913.0000000000001 of shares outstanding, with shares short falling to 5.76 million registered in 2025-01-31. Current price change has pushed the stock -27.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RDNT stock continues to rise going into the next quarter.
