Rite Aid Corporation (RAD) Stock Could Soon Reward Patient Investors

Rite Aid Corporation (NYSE: RAD) is 10.74% higher on its value in year-to-date trading and has touched a low of $8.85 and a high of $22.45 in the current 52-week trading range. The RAD stock was last observed hovering at around $16.73 in the last trading session, with the day’s gains setting it 0.8% off its average median price target of $16.50 for the next 12 months. It is also 16.52% off the consensus price target high of $21.00 offered by 5 analysts, but current levels are -25.21% lower than the price target low of $14.00 for the same period.

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Currently trading at $17.53, the stock is -0.17% and 22.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.89 million and changing 4.78% at the moment leaves the stock 28.64% off its SMA200. RAD registered 45.60% gain for a year compared to 6-month gain of 17.49%. The firm has a 50-day simple moving average (SMA 50) of $16.36 and a 200-day simple moving average (SMA200) of $13.75.

The stock witnessed a -10.10% loss in the last 1 month and extending the period to 3 months gives it a 74.08%, and is 9.09% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.13% over the week and 7.44% over the month.

Rite Aid Corporation (RAD) has around 50000 employees, a market worth around $976.77M and $23.85B in sales. Fwd P/E is 41.44. Profit margin for the company is -1.70%. Distance from 52-week low is 97.97% and -21.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.20%).

Rite Aid Corporation (RAD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Rite Aid Corporation (RAD) is a “Underweight”. 5 analysts offering their recommendations for the stock have an average rating of 3.40, where 3 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Rite Aid Corporation is expected to release its quarterly report on 04/15/2021 and quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $5.9B over the same period.The EPS is expected to grow by 30.10% this year, but quarterly earnings will post 9.80% year-over-year. Quarterly sales are estimated to grow 3.00% in year-over-year returns.

Rite Aid Corporation (RAD) Top Institutional Holders

247 institutions hold shares in Rite Aid Corporation (RAD), with 1.62M shares held by insiders accounting for 2.93% while institutional investors hold 56.55% of the company’s shares. The shares outstanding are 53.74M, and float is at 53.61M with Short Float at 21.55%. Institutions hold 54.89% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 4.93 million shares valued at $46.82 million. The investor’s holdings represent 8.93% of the RAD Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 3.87 million shares valued at $36.77 million to account for 7.02% of the shares outstanding. The other top investors are Invesco Ltd. which holds 2.76 million shares representing 4.99% and valued at over $26.16 million, while Arrowstreet Capital, Limited Partnership holds 2.85% of the shares totaling 1.57 million with a market value of $14.92 million.

Rite Aid Corporation (RAD) Insider Activity

A total of 16 insider transactions have happened at Rite Aid Corporation (RAD) in the last six months, with sales accounting for 14 and purchases happening 2 times.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free