Should Investors Trust The Upside Potential In R1 RCM Inc. (RCM)?

R1 RCM Inc. (NASDAQ:RCM) currently has a daily average trading volume of 4.59M but it saw 4881129 shares traded in last market. With a market cap of 5.94B USD, the company’s current market price of $14.08 came rising about 0.14 while comparing to the previous closing price of $14.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.22 and as low as $8.87. In the recent trading on the day, stock has struck highest price mark of $14.05 while lowest mark touched by it was $14.08.

Taking a look at 20-day trading activity of R1 RCM Inc. (RCM) gives us an average price of $13.78, while its current price level is -22.72% below from 52-week high level whereas it is 58.74% 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 $13.05 while that of 200 days or SMA-200 reads an average of $11.99. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.34% during that period while stretching the period over a month that increases to 0.97%. 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 64.88 which implies that the stock is in neutral territory.

Over the week, RCM’s stock price is moving 0.79% up while it is 7.07% when we observe its performance for the past one month. Year-to-date it is 33.21% up and over the past year, the stock is showing a downside performance of -14.87%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0 beaten by the consensus estimate of 0.01 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-02, for which analysts forecasted an EPS of -0.12 while estimate for next year EPS is -0.21. In next quarter, company is expected to be making quarterly sales of $672.59M as analysts are expecting the sales for current fiscal year at $2.54B and seeing the company making $2.91B in sales next year. Moreover, analysts are in estimates of $633.97M for current-quarter revenue.

Currently, R1 RCM Inc.’s total number of outstanding shares is 420.20M with 1.18% of that held by the insiders while 97.95% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.79% and return on equity (ROE) at -1.44%. It has a 35.74 of forward P/E ratio. Stock’s beta reads 0.84. Stock has a price to book (P/B) ratio of 2.11 while price to sale or P/S ratio amounts to 2.50. Its return on asset (ROA) is -0.74% on average.