LiveRamp Holdings Inc. (NYSE:RAMP) currently has a daily average trading volume of 522.97K but it saw 797843 shares traded on Wednesday. With a market cap of 1.72B USD, stock’s current market price of $26.78 came rising about 0.64 while comparing to the previous closing price of $26.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $30.74 and as low as $15.37. In the recent trading on the day, stock has struck highest price mark of $27.00 while lowest mark touched by it was $25.77.
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Taking a look at 20-day trading activity of LiveRamp Holdings Inc. (RAMP) gives us an average price of $24.79, while its current price level is -12.88% below from 52-week high level whereas it is 74.24% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $23.29 while that of 200 days or SMA-200 reads an average of $22.07. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.48% during that period while stretching the period over a month that decreases to 2.70%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 71.12 which implies that the stock is in overbought territory.
LiveRamp Holdings Inc. (RAMP)’s stock is currently under the radar of 8 analysts who are in consensus at a 12-month price target range of between $24.00 and $40.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $24.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $40.00. Average price target assigned by them is $33.71 which highlights an upside potential of 20.56% for the stock over that period. And to attain the median price target of $34.00 assigned by those analysts, stock has to add about 21.24% of value to its current levels.
Data by FactSet Research shows that 8 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 6 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, RAMP’s stock price is moving 5.56% up while it is 18.81% when we observe its performance for the past one month. Year-to-date it is 14.25% up and over the past year, the stock is showing an upside performance of 7.08%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of $0.28 beat the consensus estimate of $0.27 for the same. The company is expected to be releasing its next quarterly report in 08/04/2023, for which analysts forecasted an EPS of $0.18 while estimate for next year EPS is $0.74. For RAMP, analysts are forecasting an EPS-growth rate of 54.20% for current year and estimate for EPS growth in next year is 47.30%. In next quarter, company is expected to be making quarterly sales of $146.02 million as analysts are expecting the sales for current fiscal year at $597.37 million and seeing the company making $614.41 million in sales next year. Moreover, analysts are in estimates of $149.4 million for current-quarter revenue.
Currently, LiveRamp Holdings Inc.’s total number of outstanding shares is 64.78M with 2.82% of that held by the insiders while 95.74% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -6.00% and return on equity (ROE) at -11.80%. It has a 24.66 of forward P/E ratio. Stock’s beta reads 1.08. Stock has a price to book (P/B) ratio of 1.90 while price to sale or P/S ratio amounts to 2.92. Its return on asset (ROA) is -9.50% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.14% in the LiveRamp Holdings Inc. (RAMP) decreasing its stake to 7.26% with control over 6766.0 shares in the company. In the most recent quarter, Vanguard Total Stock Market ETF came rising its stake by 1.45% in the company and now holds 1.92 million or 2.96% of the company’s stake having worth of about 46.21 million.
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