Radnet Inc (NASDAQ: RDNT) is -12.83% lower on its value in year-to-date trading and has touched a low of $35.16 and a high of $93.65 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 RDNT stock was last observed hovering at around $61.74 in the last trading session, with the day’s loss setting it -0.86%.
Currently trading at $60.88, the stock is -13.44% and -19.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing -1.39% at the moment leaves the stock -4.95% off its SMA200. RDNT registered 66.16% gain for a year compared to 6-month gain of -2.33%. The firm has a 50-day simple moving average (SMA 50) of $75.5904 and a 200-day simple moving average (SMA200) of $64.0529.
The stock witnessed a -22.29% loss in the last 1 month and extending the period to 3 months gives it a -13.96%, and is -15.74% 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 6.46% over the week and 4.21% over the month.
Radnet Inc (RDNT) has around 7872 employees, a market worth around $4.51B and $1.77B in sales. Fwd P/E is 76.55. Profit margin for the company is -0.25%. Distance from 52-week low is 73.15% and -34.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.17%).
with sales reaching $464.1M over the same period.The EPS is expected to grow by 618.50% this year, but quarterly earnings will post 10.79% year-over-year. Quarterly sales are estimated to grow 10.40% in year-over-year returns.
411.0 institutions hold shares in Radnet Inc (RDNT), with institutional investors hold 97.46% of the company’s shares. The shares outstanding are 73.98M, and float is at 64.78M with Short Float at 6.19%. Institutions hold 87.37% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.61 million shares valued at $565.97 million. The investor’s holdings represent 13.8597 of the RDNT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.01 million shares valued at $354.08 million to account for 8.6707 of the shares outstanding. The other top investors are BECK MACK & OLIVER LLC which holds 3.27 million shares representing 4.7172 and valued at over $192.63 million, while STATE STREET CORP holds 3.4858 of the shares totaling 2.42 million with a market value of $142.35 million.
Radnet Inc (RDNT) Insider Activity
The most recent transaction is an insider sale by Katz David Jeffrey, the company’s EVP and Chief Legal Officer. SEC filings show that Katz David Jeffrey sold 12,300 shares of the company’s common stock on Nov 25 ’24 at a price of $81.65 per share for a total of $1.0 million. Following the sale, the insider now owns 62909.0 shares.
Still, SEC filings show that on Nov 19 ’24, Jayanathan Ranjan (Chief Information Officer) disposed off 38,557 shares at an average price of $80.00 for $3.08 million. The insider now directly holds 192,724 shares of Radnet Inc (RDNT).
