Rimini Street Inc (NASDAQ:RMNI) currently has a daily average trading volume of 261.49K but it saw 325043 shares traded in last market. With a market cap of 203.66M USD, the company’s current market price of $2.24 came rising about 3.23 while comparing to the previous closing price of $2.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.43 and as low as $1.53. In the recent trading on the day, stock has struck highest price mark of $2.16 while lowest mark touched by it was $2.305.
Taking a look at 20-day trading activity of Rimini Street Inc (RMNI) gives us an average price of $1.95, while its current price level is -34.79% below from 52-week high level whereas it is 46.41% 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 $1.87 while that of 200 days or SMA-200 reads an average of $2.45. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.46% during that period while stretching the period over a month that increases to 6.63%. 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 72.02 which implies that the stock is in overbought territory.
Craig Hallum downgraded its recommendation for the stock as a “Hold” from “Buy” on July 27, 2023 while assigning a price target range of $10-$3. Alliance Global Partners issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $10.50 and $8.50.
Over the week, RMNI’s stock price is moving 14.58% up while it is 32.54% when we observe its performance for the past one month. Year-to-date it is -31.50% down and over the past year, the stock is showing a downside performance of -28.89%.
Currently, Rimini Street Inc’s total number of outstanding shares is 89.59M. It has a 6.79 of forward P/E ratio. Stock’s beta reads 1.34. Stock has a price to sale or P/S ratio amounts to 0.48. Its return on asset (ROA) is -9.89% on average.
