Radius Recycling Inc (NASDAQ:RDUS) does about 288.47K shares in volume on a normal day but saw 8520707 shares change hands in the recent trading day. The company now has a market cap of 783.00M USD. Its current market price is $27.81, marking an increase of 103.59% compared to the previous close of $13.66. The 52 week high reached by this stock is $21.42 whilst the lowest price level in 52 weeks is $10.57.
Radius Recycling Inc (RDUS) has a 20-day trading average at $14.12 and the current price is 29.83% off the 52-week high compared with 163.10% distance from its 52-week low. The 50-day simple moving average of the closing price is $13.27 and its 200-day simple moving average is $15.90. If we look at the stock’s price movements over the week, volatility stands at 7.59%, which decreases to 5.88% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 87.66 to suggest the stock is overbought.
The consensus objective for the share price is $18.00, suggesting that the stock has a potential downside of -54.5% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 02, 2024 when Goldman initiated the stock to “Neutral” and issued a price target of $22. Seaport Research Partners downgraded its price target at $17.50.
The current price level is 96.92%, 109.61%, and 74.86% away from its SMA20, SMA50, and SMA200 respectively, with the RDUS price moving below the 50-day SMA on current market day. Radius Recycling Inc (RDUS) stock is up 102.84% over the week and 127.02% over the past month. Its price is 82.72% year-to-date and 44.02% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -1.01 and -3.06 for whole year. Expected sales for next quarter are $704.15M, which analysts say will come at $2.75B for the current fiscal year and next year at $2.94B. In addition, estimates put the company’s current quarterly revenue at an average of $635.94M.
To reach the target analysts have set, the stock logically needs to shrink -54.5 percent from here.
Outstanding shares total 27.95M with insiders holding 6.57% of the shares and institutional holders owning 85.09% of the company’s common stock. The company has a return on investment of -25.15% and return on equity of -39.08%. The forward price to earnings ratio is 206.61. The beta has a value of 1.60. Price to book ratio is 1.35 and price to sales ratio is 0.29.
