Rambus Inc. (NASDAQ:RMBS) currently has a daily average trading volume of 1.27M but it saw 3798027 shares traded on Thursday. With a market cap of 6.80B USD, stock’s current market price of $63.24 came rising about 10.31 while comparing to the previous closing price of $57.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $59.95 and as low as $20.00. In the recent trading on the day, stock has struck highest price mark of $64.34 while lowest mark touched by it was $60.80.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
Taking a look at 20-day trading activity of Rambus Inc. (RMBS) gives us an average price of $51.84, while its current price level is 5.49% below from 52-week high level whereas it is 216.20% 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 $49.36 while that of 200 days or SMA-200 reads an average of $38.37. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.55% during that period while stretching the period over a month that increases to 4.17%. 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 77.40 which implies that the stock is in overbought territory.
Rambus Inc. (RMBS)’s stock is currently under the radar of 7 analysts who are in consensus at a 12-month price target range of between $55.00 and $70.00 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 $55.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $70.00. Average price target assigned by them is $60.83 which highlights a downside potential of -3.96% for the stock over that period. And to attain the median price target of $60.00 assigned by those analysts, stock has to subtract about -5.4% of value to its current levels.
Data by FactSet Research shows that 7 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. 7 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, RMBS’s stock price is moving 7.72% up while it is 37.63% when we observe its performance for the past one month. Year-to-date it is 76.55% up and over the past year, the stock is showing an upside performance of 168.19%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.44 beat the consensus estimate of $0.42 for the same. The company is expected to be releasing its next quarterly report in 07/31/2023, for which analysts forecasted an EPS of $0.39 while estimate for next year EPS is $1.78. In next quarter, company is expected to be making quarterly sales of $145.14 million as analysts are expecting the sales for current fiscal year at $577.65 million and seeing the company making $662.66 million in sales next year. Moreover, analysts are in estimates of $133.2 million for current-quarter revenue.
Currently, Rambus Inc.’s total number of outstanding shares is 108.28M with 0.83% of that held by the insiders while 86.67% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -3.00% and return on equity (ROE) at 7.10%. It has a price to earnings ratio (P/E ratio) of 127.24 while having a 30.11 of forward P/E ratio. Stock’s beta reads 1.28. Stock has a price to book (P/B) ratio of 8.98 while price to sale or P/S ratio amounts to 14.47. Its return on asset (ROA) is 5.40% 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 -0.13% in the Rambus Inc. (RMBS) decreasing its stake to 7.23% with control over 10115.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF sought 7,798,949 of company’s common stock of worth $345.81 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Rambus Inc., as Vanguard Total Stock Market ETF picked 3,342,560 shares of worth $148.21 million to bring its holdings to a total of 21088.0 shares. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 2.81 million or 2.61% of the company’s stake having worth of about 124.67 million.
