Radnet Inc (NASDAQ:RDNT) price on Friday, May 02, rose 2.24% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $53.38.
A look at the stock’s price movement, the close in the last trading session was $52.21, moving within a range at $52.83 and $54.39. The beta value (5-Year monthly) was 1.591 while the PE ratio in trailing twelve months stood at 1632.42. Turning to its 52-week performance, $93.65 and $45.00 were the 52-week high and 52-week low respectively. Overall, RDNT moved 1.66% over the past month.
Radnet Inc’s market cap currently stands at around $3.95 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 5.35% 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 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 4.77% and 3.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.23, while 7-day volatility ratio is 3.53% and 5.65% in the 30-day chart. Further, Radnet Inc (RDNT) has a beta value of 1.43, and an average true range (ATR) of 2.62. 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 -64.86% off current price level while to achieve the yearly target high, price needs to move -87.34%. Nonetheless, investors will most likely welcome a -76.1% 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 0.59 over the past 10 days and 865.98K over the past 3 months. The company’s latest data on shares outstanding shows there are 74.04 million shares.
The 10.82% of Radnet Inc’s shares are in the hands of company insiders while institutional holders own 87.95% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.58 million on 2025-04-15, giving us a short ratio of 6.94. The data shows that as of 2025-04-15 short interest in Radnet Inc (RDNT) stood at 1059.00005 of shares outstanding, with shares short rising to 5.84 million registered in 2025-03-14. Current price change has pushed the stock -23.57% 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.
