Radnet Inc (NASDAQ: RDNT) is 72.10% higher on its value in year-to-date trading and has touched a low of $25.11 and a high of $64.06 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RDNT stock was last observed hovering at around $56.22 in the last trading session, with the day’s gains setting it 3.62%.
Currently trading at $59.84, the stock is 1.98% and 4.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 6.44% at the moment leaves the stock 41.72% off its SMA200. RDNT registered 88.77% gain for a year compared to 6-month gain of 66.04%.
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The stock witnessed a -2.67% loss in the last 1 month and extending the period to 3 months gives it a 23.25%, and is 0.98% 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 3.21% over the week and 3.48% over the month.
Radnet Inc (RDNT) has around 7872 employees, a market worth around $4.42B and $1.66B in sales. Current P/E ratio is 184.24 and Fwd P/E is 73.65. Profit margin for the company is 1.28%. Distance from 52-week low is 138.31% and -6.59% from its 52-week high. The company has generated returns on investments over the last 12 months (0.92%).
The EPS is expected to grow by 1020.00% this year
The shares outstanding are 67.96M, and float is at 64.07M with Short Float at 4.75%.
Radnet Inc (RDNT) Insider Activity
The most recent transaction is an insider sale by Patel Mital, the company’s EVP, Chief Admin Officer. SEC filings show that Patel Mital sold 29,800 shares of the company’s common stock on Jun 18 ’24 at a price of $59.00 per share for a total of $1.76 million. Following the sale, the insider now owns 0.2 million shares.
Radnet Inc disclosed in a document filed with the SEC on Jun 18 ’24 that SPURLOCK GREGORY E. (Director) sold a total of 7,167 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $59.75 per share for $0.43 million. Following the transaction, the insider now directly holds 2591.0 shares of the RDNT stock.
Still, SEC filings show that on Jun 17 ’24, Patel Mital (EVP, Chief Admin Officer) disposed off 10,200 shares at an average price of $60.00 for $0.61 million. The insider now directly holds 231,946 shares of Radnet Inc (RDNT).
