Radnet Inc (NASDAQ:RDNT) shares, rose in value, with the stock price down by -1.46% to the previous day’s close as strong demand from buyers drove the stock to $49.78.
Actively observing the price movement in the last trading, the stock closed the session at $50.52, falling within a range of $49.03 and $50.68. The value of beta (5-year monthly) was 1.591 whereas the PE ratio was 1522.32 over 12-month period. Referring to stock’s 52-week performance, its high was $93.65, and the low was $45.00. On the whole, RDNT has fluctuated by -1.83% over the past month.
With the market capitalization of Radnet Inc currently standing at about $3.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.93B, with a low estimate of 431.6M and a high estimate of 450.74M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 442.98M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RDNT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of RDNT currently trading nearly -2.16% and -7.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.21, while the 7-day volatility ratio is showing 4.33% which for the 30-day chart, stands at 6.23%. Furthermore, Radnet Inc (RDNT)’s beta value is 1.42, and its average true range (ATR) is 3.24.
A comparison of Radnet Inc (RDNT) with its peers suggests the former has fared considerably weaker in the market. RDNT showed an intraday change of -1.46% in last session, and over the past year, it grew by 3.95%%.
Data on historical trading for Radnet Inc (NASDAQ:RDNT) indicates that the trading volumes over the past 10 days have averaged 0.98 and over the past 3 months, they’ve averaged 939.10K. According to company’s latest data on outstanding shares, there are 74.04 million shares outstanding.
Nearly 10.82% of Radnet Inc’s shares belong to company insiders and institutional investors own 87.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.16 million shares as on 2025-03-31, resulting in a short ratio of 5.48. According to the data, the short interest in Radnet Inc (RDNT) stood at 992.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 5.67 million. The stock has fallen by -28.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RDNT stock heading into the next quarter.
