Rambus Inc. (NASDAQ: RMBS) Increases 0.04% Over A Month, But Analysts Still See Upside Potential

Rambus Inc. (NASDAQ:RMBS) currently has a daily average trading volume of 1.32M but it saw 2131438 shares traded in last market. With a market cap of 6.14B USD, the company’s current market price of $56.97 came rising about 5.44 while comparing to the previous closing price of $54.03. In past 52 weeks, the stock remained buoying in the range of price level as high as $76.38 and as low as $48.13.

Taking a look at 20-day trading activity of Rambus Inc. (RMBS) gives us an average price of $56.80, while its current price level is -25.41% below from 52-week high level whereas it is 18.37% 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 $57.81 while that of 200 days or SMA-200 reads an average of $60.48. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.25% during that period while stretching the period over a month that decreases to 3.31%. 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 50.67 which implies that the stock is in neutral territory.

Jefferies downgraded its recommendation for the stock as a “Hold” from “Buy” on May 18, 2023 while assigning a price target range of $45-$65. Rosenblatt issued its recommendations for the stock as it initiated the price target for the stock is $35.

Over the week, RMBS’s stock price is moving 3.51% up while it is 0.04% when we observe its performance for the past one month. Year-to-date it is -16.53% down and over the past year, the stock is showing a downside performance of -9.89%.

Currently, Rambus Inc.’s total number of outstanding shares is 107.85M. Company’s return on investment (ROI) stands at 35.73% and return on equity (ROE) at 41.47%. It has a price to earnings ratio (P/E ratio) of 17.39 while having a 23.05 of forward P/E ratio. Stock’s beta reads 1.20. Stock has a price to book (P/B) ratio of 6.19 while price to sale or P/S ratio amounts to 13.20. Its return on asset (ROA) is 33.48% on average.