Resources Connection Inc (NASDAQ: RGP) is 0.12% higher on its value in year-to-date trading and has touched a low of $7.90 and a high of $14.29 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 RGP stock was last observed hovering at around $8.87 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $8.54, the stock is 0.58% and 0.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.46 million and changing -3.72% at the moment leaves the stock -14.80% off its SMA200. RGP registered -34.51% loss for a year compared to 6-month loss of -12.59%. The firm has a 50-day simple moving average (SMA 50) of $8.4724 and a 200-day simple moving average (SMA200) of $10.02405.
The stock witnessed a -0.35% gain in the last 1 month and extending the period to 3 months gives it a 2.77%, and is 0.12% 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 5.94% over the week and 3.80% over the month.
Resources Connection Inc (RGP) has around 3376 employees, a market worth around $282.60M and $582.06M in sales. Fwd P/E is 8.19. Profit margin for the company is -10.55%. Distance from 52-week low is 8.10% and -40.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.64%).
with sales reaching $129.42M over the same period.The EPS is expected to shrink by -83.06% this year, but quarterly earnings will post -11.64% year-over-year. Quarterly sales are estimated to shrink -14.47% in year-over-year returns.
230.0 institutions hold shares in Resources Connection Inc (RGP), with institutional investors hold 91.15% of the company’s shares. The shares outstanding are 33.09M, and float is at 31.90M with Short Float at 3.24%. Institutions hold 88.93% 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).
