Radnet Inc (NASDAQ: RDNT) is -20.19% lower on its value in year-to-date trading and has touched a low of $45.00 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 $56.38 in the last trading session, with the day’s loss setting it -0.64%.
Currently trading at $55.74, the stock is 7.19% and 9.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.99 million and changing -1.14% at the moment leaves the stock -12.77% off its SMA200. RDNT registered 6.23% gain for a year compared to 6-month loss of -18.09%.
The stock witnessed a 4.01% gain in the last 1 month and extending the period to 3 months gives it a -11.20%, and is 4.42% 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 3.44% over the week and 4.00% over the month.
Radnet Inc (RDNT) has around 8546 employees, a market worth around $4.13B and $1.83B in sales. Current P/E ratio is 1704.59 and Fwd P/E is 74.82. Profit margin for the company is 0.15%. Distance from 52-week low is 23.87% and -40.48% from its 52-week high. The company has generated returns on investments over the last 12 months (0.11%).
with sales reaching $488.85M over the same period.The EPS is expected to grow by 696.67% this year, but quarterly earnings will post 5.42% year-over-year. Quarterly sales are estimated to grow 6.34% in year-over-year returns.
Radnet Inc (RDNT) Top Institutional Holders
The shares outstanding are 74.04M, and float is at 66.02M with Short Float at 11.10%.
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 13.0834% 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 8.1851 of the shares outstanding. The other top investors are BECK MACK & OLIVER LLC which holds 3.27 million shares representing 4.453% and valued at over $192.63 million, while STATE STREET CORP holds 3.2906 of the shares totaling 2.42 million with a market value of $142.35 million.
Radnet Inc (RDNT) Insider Activity
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Radnet Inc disclosed in a document filed with the SEC on Mar 19 ’25 that HAMES NORMAN R (Pres and COO-West Operations) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 19 ’25 and was made at $50.22 per share for $0.25 million. Following the transaction, the insider now directly holds 0.25 million shares of the RDNT stock.
Still, SEC filings show that on Mar 17 ’25, HAMES NORMAN R (Pres and COO-West Operations) disposed off 5,000 shares at an average price of $49.79 for $0.25 million. The insider now directly holds 261,959 shares of Radnet Inc (RDNT).
