Rambus Inc. (NASDAQ:RMBS) currently has a daily average trading volume of 1.28M but it saw 1547765 shares traded in last market. With a market cap of 6.40B USD, the company’s current market price of $59.41 came falling about -5.98 while comparing to the previous closing price of $63.19. 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 $61.52, while its current price level is -22.22% below from 52-week high level whereas it is 23.44% 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 $58.47 while that of 200 days or SMA-200 reads an average of $61.10. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.16% during that period while stretching the period over a month that decreases to 4.10%. 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 47.48 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 -0.29% down while it is 11.21% when we observe its performance for the past one month. Year-to-date it is -12.95% down and over the past year, the stock is showing a downside performance of -0.64%.
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 18.14 while having a 24.07 of forward P/E ratio. Stock’s beta reads 1.20. Stock has a price to book (P/B) ratio of 6.46 while price to sale or P/S ratio amounts to 13.76. Its return on asset (ROA) is 33.48% on average.
