Rimini Street Inc. (NASDAQ: RMNI) is -46.18% lower on its value in year-to-date trading and has touched a low of $1.55 and a high of $3.43 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 RMNI stock was last observed hovering at around $1.72 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $1.76, the stock is -1.58% and -28.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 2.33% at the moment leaves the stock -38.85% off its SMA200. RMNI registered -27.87% loss for a year compared to 6-month loss of -45.00%.
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The stock witnessed a -14.15% gain in the last 1 month and extending the period to 3 months gives it a -31.52%, and is -5.38% 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 6.11% over the week and 7.38% over the month.
Rimini Street Inc. (RMNI) has around 2120 employees, a market worth around $159.63M and $429.43M in sales. Current P/E ratio is 9.66 and Fwd P/E is 7.04. Profit margin for the company is 3.80%. Distance from 52-week low is 13.55% and -48.76% from its 52-week high. The company has generated returns on investments over the last 12 months (40.66%).
The EPS is expected to shrink by -57.85% this year.
Rimini Street Inc. (RMNI) Top Institutional Holders
141.0 institutions hold shares in Rimini Street Inc. (RMNI), with institutional investors hold 86.20% of the company’s shares. The shares outstanding are 89.59M, and float is at 45.94M with Short Float at 4.80%. Institutions hold 67.53% of the Float.
The top institutional shareholder in the company is ADAMS STREET PARTNERS LLC with over 23.57 million shares valued at $72.35 million. The investor’s holdings represent 26.2556% of the RMNI Shares outstanding. As of 2024-06-30, the second largest holder is CONIFER MANAGEMENT, L.L.C. with 5.91 million shares valued at $$18.15 million to account for 6.5882 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.46 million shares representing 4.9702% and valued at over $13.7 million, while BLACKROCK INC. holds 3.9029 of the shares totaling 3.5 million with a market value of $10.75 million.
Rimini Street Inc. (RMNI) Insider Activity
The most recent transaction is an insider sale by Perica Michael L.,the company’sEVP & Chief Financial Officer. SEC filings show that Perica Michael L. sold 2,082 shares of the company’s common stock on Aug 05 ’24 at a price of $1.82 per share for a total of $3798.0. Following the sale, the insider now owns 0.15 million shares.
Rimini Street Inc. disclosed in a document filed with the SEC on Aug 02 ’24 that Lyskawa Nancy (EVP & Chief Client Officer) sold a total of 527 shares of the company’s common stock. The trade occurred on Aug 02 ’24 and was made at $1.81 per share for $954.0. Following the transaction, the insider now directly holds 0.12 million shares of the RMNI stock.
Still, SEC filings show that on Aug 02 ’24, Maddock Kevin (EVP,ChiefRecurringRev.Officer) disposed off 1,315 shares at an average price of $1.81 for $2381.0. The insider now directly holds 109,249 shares of Rimini Street Inc. (RMNI).
