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.
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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.