Resources Connection Inc (NASDAQ: RGP) is -41.00% lower on its value in year-to-date trading and has touched a low of $8.31 and a high of $14.77 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 RGP stock was last observed hovering at around $8.35 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $8.36, the stock is -13.48% and -18.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 0.12% at the moment leaves the stock -28.66% off its SMA200. RGP registered -42.58% loss for a year compared to 6-month loss of -26.34%. The firm has a 50-day simple moving average (SMA 50) of $10.1468 and a 200-day simple moving average (SMA200) of $11.69005.
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The stock witnessed a -15.98% gain in the last 1 month and extending the period to 3 months gives it a -18.28%, and is -11.06% 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 4.82% over the week and 3.37% over the month.
Resources Connection Inc (RGP) has around 3376 employees, a market worth around $279.81M and $599.57M in sales. Current P/E ratio is 23.25 and Fwd P/E is 4.87. Profit margin for the company is 2.04%. Distance from 52-week low is 0.60% and -43.40% from its 52-week high. The company has generated returns on investments over the last 12 months (2.86%).
The EPS is expected to shrink by -46.24% this year
252.0 institutions hold shares in Resources Connection Inc (RGP), with institutional investors hold 93.49% of the company’s shares. The shares outstanding are 33.56M, and float is at 32.47M with Short Float at 3.10%. Institutions hold 91.60% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.08 million shares valued at $34.02 million. The investor’s holdings represent 9.2098 of the RGP Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 2.16 million shares valued at $23.84 million to account for 6.452 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.97 million shares representing 5.876 and valued at over $21.71 million, while ROYCE & ASSOCIATES LP holds 5.7192 of the shares totaling 1.91 million with a market value of $21.13 million.
Resources Connection Inc (RGP) Insider Activity
Still, SEC filings show that on Aug 14 ’24, MURRAY DONALD B (Officer) Proposed Sale 198,154 shares at an average price of $10.00 for $1.98 million. The insider now directly holds shares of Resources Connection Inc (RGP).
