Rambus Inc. (NASDAQ: RMBS) is -43.47% lower on its value in year-to-date trading and has touched a low of $37.42 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 $39.24 in the last trading session, with the day’s loss setting it -0.66%.
Currently trading at $38.58, the stock is -7.02% and -19.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.5 million and changing -1.68% at the moment leaves the stock -33.28% off its SMA200. RMBS registered -29.17% loss for a year compared to 6-month loss of -40.40%.
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The stock witnessed a -19.00% gain in the last 1 month and extending the period to 3 months gives it a -29.22%, and is -5.60% 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 3.96% over the week and 4.36% over the month.
Rambus Inc. (RMBS) has around 623 employees, a market worth around $4.15B and $477.53M in sales. Current P/E ratio is 18.43 and Fwd P/E is 15.93. Profit margin for the company is 48.31%. Distance from 52-week low is 3.09% and -49.49% from its 52-week high. The company has generated returns on investments over the last 12 months (21.87%).
The EPS is expected to grow by 12.22% this year.
Rambus Inc. (RMBS) Top Institutional Holders
517.0 institutions hold shares in Rambus Inc. (RMBS), with institutional investors hold 92.53% of the company’s shares. The shares outstanding are 107.85M, and float is at 106.95M with Short Float at 3.17%. Institutions hold 91.90% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.79 million shares valued at $927.6 million. The investor’s holdings represent 14.6047% of the RMBS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.79 million shares valued at $692.73 million to account for 10.9068 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 6.59 million shares representing 6.1009% and valued at over $387.49 million, while WELLINGTON MANAGEMENT GROUP LLP holds 5.7388 of the shares totaling 6.2 million with a market value of $364.49 million.
Rambus Inc. (RMBS) Insider Activity
The most recent transaction is an insider sale by STANG ERIC B, the company’s Director. SEC filings show that STANG ERIC B sold 6,000 shares of the company’s common stock on May 08 ’24 at a price of $55.85 per share for a total of $0.34 million. Following the sale, the insider now owns 26422.0 shares.
Rambus Inc. disclosed in a document filed with the SEC on May 07 ’24 that STANG ERIC B (Director) sold a total of 5,408 shares of the company’s common stock. The trade occurred on May 07 ’24 and was made at $56.95 per share for $0.31 million. Following the transaction, the insider now directly holds 32422.0 shares of the RMBS stock.
Still, SEC filings show that on Apr 16 ’24, Seraphin Luc (President and CEO) disposed off 5,530 shares at an average price of $58.66 for $0.32 million. The insider now directly holds 262,791 shares of Rambus Inc. (RMBS).
