Renasant Corp (NYSE:RNST) currently has a daily average trading volume of 563.06K but it saw 1119421 shares traded in last market. With a market cap of 2.26B USD, the company’s current market price of $35.49 came falling about -0.62 while comparing to the previous closing price of $35.71. In past 52 weeks, the stock remained buoying in the range of price level as high as $39.63 and as low as $27.98. In the recent trading on the day, stock has struck highest price mark of $35.2 while lowest mark touched by it was $36.605.
Taking a look at 20-day trading activity of Renasant Corp (RNST) gives us an average price of $34.84, while its current price level is -10.45% below from 52-week high level whereas it is 26.84% 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 $36.45 while that of 200 days or SMA-200 reads an average of $34.44. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.41% during that period while stretching the period over a month that increases to 2.55%. 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 50.56 which implies that the stock is in neutral territory.
Piper Sandler upgraded its recommendation for the stock as a “Overweight” from “Neutral” on August 05, 2024 while assigning a price target range of $34-$40. Hovde Group issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $38 and $39.
Over the week, RNST’s stock price is moving 1.55% up while it is -2.12% when we observe its performance for the past one month. Year-to-date it is -0.73% down and over the past year, the stock is showing an upside performance of 19.82%.
The company is expected to be releasing its next quarterly report on 2025-Jan-27, for which analysts forecasted an EPS of 0.61 while estimate for next year EPS is 2.98. In next quarter, company is expected to be making quarterly sales of $252.65M as analysts are expecting the sales for current fiscal year at $967.36M and seeing the company making $1.12B in sales next year. Moreover, analysts are in estimates of $170.28M for current-quarter revenue.
Currently, Renasant Corp’s total number of outstanding shares is 63.57M with 2.06% of that held by the insiders while 94.36% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.20% and return on equity (ROE) at 7.86%. It has a price to earnings ratio (P/E ratio) of 10.90 while having a 9.99 of forward P/E ratio. Stock’s beta reads 0.94. Stock has a price to book (P/B) ratio of 0.84 while price to sale or P/S ratio amounts to 2.08. Its return on asset (ROA) is 1.10% on average.
