Rambus Inc. (NASDAQ: RMBS) is -11.31% lower on its value in year-to-date trading and has touched a low of $43.19 and a high of $76.38 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 RMBS stock was last observed hovering at around $58.84 in the last trading session, with the day’s gains setting it 1.69%.
Currently trading at $60.53, the stock is -0.18% and -4.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing 2.87% at the moment leaves the stock -0.43% off its SMA200. RMBS registered 35.29% gain for a year compared to 6-month loss of 8.40%. The firm has a 50-day simple moving average (SMA 50) of $13.40 and a 200-day simple moving average (SMA200) of $26.06.
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The stock witnessed a 9.93% gain in the last 1 month and extending the period to 3 months gives it a -11.79%, and is -1.59% 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 3.28% over the week and 3.73% over the month.
Rambus Inc. (RMBS) has around 623 employees, a market worth around $6.53B and $461.12M in sales. Current P/E ratio is 20.13 and Fwd P/E is 24.08. Profit margin for the company is 72.41%. Distance from 52-week low is 40.15% and -20.75% from its 52-week high. The company has generated returns on investments over the last 12 months (31.37%).
Rambus Inc. quarterly earnings per share for the current quarter are estimated at $0.44 with sales reaching $132M over the same period.The EPS is expected to grow by 56.85% this year, but quarterly earnings will post -14.10% year-over-year. Quarterly sales are estimated to shrink -9.60% in year-over-year returns.
551 institutions hold shares in Rambus Inc. (RMBS), with institutional investors hold 91.93% of the company’s shares. The shares outstanding are 107.85M, and float is at 107.16M with Short Float at 2.96%. Institutions hold 91.28% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 18.38 million shares valued at $1.18 billion. The investor’s holdings represent 16.85% of the RMBS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 12.82 million shares valued at $822.63 million to account for 11.75% of the shares outstanding. The other top investors are State Street Corporation which holds 4.38 million shares representing 4.02% and valued at over $281.33 million, while JP Morgan Chase & Company holds 3.83% of the shares totaling 4.18 million with a market value of $268.08 million.
Rambus Inc. (RMBS) Insider Activity
The most recent transaction is an insider sale by Seraphin Luc, the company’s President and CEO. SEC filings show that Seraphin Luc sold 15,000 shares of the company’s common stock on Mar 19 ’24 at a price of $58.35 per share for a total of $0.88 million. Following the sale, the insider now owns 0.27 million shares.
Rambus Inc. disclosed in a document filed with the SEC on Mar 19 ’24 that Shinn John (SVP, General Counsel) sold a total of 3,949 shares of the company’s common stock. The trade occurred on Mar 19 ’24 and was made at $58.84 per share for $0.23 million. Following the transaction, the insider now directly holds 20610.0 shares of the RMBS stock.
Still, SEC filings show that on Mar 12 ’24, Seraphin Luc (President and CEO) disposed off 15,000 shares at an average price of $62.69 for $0.94 million. The insider now directly holds 289,755 shares of Rambus Inc. (RMBS).
