R1 RCM Inc. (NASDAQ:RCM) does about 5.39M shares in volume on a normal day but saw 1565467 shares change hands in Friday trading. The company now has a market cap of 5.43B USD. Its current market price is $12.98, marking a decrease of -0.38% compared to the previous close of $13.03. The 52 week high reached by this stock is $27.86 whilst the lowest price level in 52 weeks is $6.71. The script in recent trading has seen the stock touch a high of $13.335 and a low of $12.825.
R1 RCM Inc. (RCM) has a 20-day trading average at $11.82 and the current price is -53.41% off the 52-week high compared with 93.44% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.16 and its 200-day simple moving average is $18.86. If we look at the stock’s price movements over the week, volatility stands at 4.52%, which increases to 5.02% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.69 to suggest the stock is neutral.
The consensus objective for the share price is $15.33, suggesting that the stock has a potential upside of 15.33% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 05, 2023 when Canaccord Genuity initiated the stock to “Buy” and issued a price target of $14. Guggenheim upgraded the stock to “Buy” from Neutral on December 07, 2022 at a price target of $15. Morgan Stanley initiated its price target at $11.
The current price level is 10.83%, 27.36%, and -31.43% away from its SMA20, SMA50, and SMA200 respectively, with the RCM price moving below the 50-day SMA on January 20. R1 RCM Inc. (RCM) stock is up 3.02% over the week and 23.38% over the past month. Its price is 18.54% year-to-date and -37.60% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.07 below consensus estimates by -$0.11. RCM’s earnings per share are forecast to grow by 112.90% this year and 150.00% over next year. Expected sales for next quarter are $566.3 million, which analysts say will come at $1.87 billion for the current fiscal year and next year at $2.46 billion. In addition, estimates put the company’s current quarterly revenue at an average of $523.71 million.
To reach the target analysts have set, the stock logically needs to grow 15.33 percent from here.
Outstanding shares total 417.70M with insiders holding 0.98% of the shares and institutional holders owning 76.56% of the company’s common stock. The company has a return on investment of 10.30% and return on equity of 1.00%. The price to earnings ratio (P/E ratio) amounts to 160.25 while the forward price to earnings ratio is 61.23. The beta has a value of 0.68. Price to book ratio is 1.96 and price to sales ratio is 3.24.
According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Mid Cap ETF has reduced its position in R1 RCM Inc. (RCM) to 4,240,538 shares, mirroring a recent drop by -0.02%. iShares Core S&P Mid Cap ETF dumped 808.0 shares of R1 RCM Inc. common stock bringing its total worth to about $46.43 million at the end of recent close, SEC documents show. iShares Core S&P Mid Cap ETF isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 34892.0 shares to end up with 3,346,581 shares worth $36.65 million. Vanguard Total Stock Market Index cut their holdings by -27.08% in the company over the course of the most recent quarter. It now holds a 0.77% position in R1 RCM Inc. thanks to 3.19 million shares amounting to $34.96 million.