R1 RCM Inc. (NASDAQ: RCM) is -21.93% lower on its value in year-to-date trading and has touched a low of $18.73 and a high of $27.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RCM stock was last observed hovering at around $20.18 in the last trading session, with the day’s loss setting it -0.28% off its average median price target of $32.00 for the next 12 months. It is also 43.14% off the consensus price target high of $35.00 offered by 12 analysts, but current levels are 31.38% higher than the price target low of $29.00 for the same period.
Currently trading at $19.90, the stock is -9.32% and -15.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -1.39% at the moment leaves the stock -15.85% off its SMA200. RCM registered -6.53% loss for a year compared to 6-month gain of -20.37%.
The stock witnessed a -20.87% loss in the last 1 month and extending the period to 3 months gives it a -0.65%, and is -4.46% down 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 3.92% over the week and 4.33% over the month.
R1 RCM Inc. (RCM) has around 10200 employees, a market worth around $8.67B and $1.56B in sales. Current P/E ratio is 97.07 and Fwd P/E is 33.39. Profit margin for the company is -31.80%. Distance from 52-week low is 6.25% and -28.57% from its 52-week high. The company has generated returns on investments over the last 12 months (10.30%).
R1 RCM Inc. (RCM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for R1 RCM Inc. (RCM) is a “Buy”. 12 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 2 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
R1 RCM Inc. is expected to release its quarterly report on 11/01/2022.The EPS is expected to shrink by -785.00% this year.
R1 RCM Inc. (RCM) Top Institutional Holders
The shares outstanding are 278.75M, and float is at 210.70M with Short Float at 3.91%.
R1 RCM Inc. (RCM) Insider Activity
A total of 56 insider transactions have happened at R1 RCM Inc. (RCM) in the last six months, with sales accounting for 25 and purchases happening 31 times. The most recent transaction is an insider sale by TCP-ASC ACHI Series LLLP,the company’sDirector. SEC filings show that TCP-ASC ACHI Series LLLP sold 15,000,000 shares of the company’s common stock on Sep 13 at a price of $20.43 per share for a total of $306.38 million. Following the sale, the insider now owns 164.75 million shares.
R1 RCM Inc. disclosed in a document filed with the SEC on Aug 19 that SPARBY JOHN M.sold a total of 40,000 shares of the company’s common stock. The trade occurred on Aug 19 and was made at $25.01 per share for $1.0 million. Following the transaction, the insider now directly holds 0.12 million shares of the RCM stock.
Still, SEC filings show that on Aug 18, FLANAGAN JOSEPH GERARD (Chief Executive Officer) disposed off 200,000 shares at an average price of $24.98 for $5.0 million. The insider now directly holds 2,792,221 shares of R1 RCM Inc. (RCM).
R1 RCM Inc. (RCM): Who are the competitors?
The company’s main competitors (and peers) include Gartner Inc. (IT) that is trading -6.65% down over the past 12 months and Allscripts Healthcare Solutions Inc. (MDRX) that is 19.87% higher over the same period.