A Few Bright Spots In R1 RCM Inc. (NASDAQ: RCM)

R1 RCM Inc. (NASDAQ:RCM) currently has a daily average trading volume of 3.51M but it saw 1587475 shares traded in last market. With a market cap of 5.27B USD, the company’s current market price of $12.50 came rising about 2.29 while comparing to the previous closing price of $12.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.70 and as low as $8.87.

Taking a look at 20-day trading activity of R1 RCM Inc. (RCM) gives us an average price of $12.21, while its current price level is -33.17% below from 52-week high level whereas it is 40.92% 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 $12.72 while that of 200 days or SMA-200 reads an average of $12.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.36% during that period while stretching the period over a month that decreases to 3.33%. 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 52.59 which implies that the stock is in neutral territory.

Citigroup upgraded its recommendation for the stock as a “Buy” from “Neutral” on March 20, 2024 while assigning a price target of $16. Leerink Partners issued its recommendations for the stock as it initiated the price target for the stock is $14.

Over the week, RCM’s stock price is moving -2.65% down while it is 2.38% when we observe its performance for the past one month. Year-to-date it is 18.26% up and over the past year, the stock is showing a downside performance of -23.78%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0 beat the consensus estimate of 0 for the same. In next quarter, company is expected to be making quarterly sales of $660.3M as analysts are expecting the sales for current fiscal year at $2.61B and seeing the company making $2.92B in sales next year. Moreover, analysts are in estimates of $640.86M for current-quarter revenue.

Currently, R1 RCM Inc.’s total number of outstanding shares is 420.20M. Company’s return on investment (ROI) stands at -0.65% and return on equity (ROE) at -1.21%. It has a 33.72 of forward P/E ratio. Stock’s beta reads 0.85. Stock has a price to book (P/B) ratio of 1.86 while price to sale or P/S ratio amounts to 2.28. Its return on asset (ROA) is -0.62% on average.