Renasant Corp (NYSE:RNST) currently has a daily average trading volume of 839.98K but it saw 1368255 shares traded in last market. With a market cap of 2.64B USD, the company’s current market price of $27.78 came falling about -7.62 while comparing to the previous closing price of $30.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $39.63 and as low as $26.97. In the recent trading on the day, stock has struck highest price mark of $27.175 while lowest mark touched by it was $29.48.
Taking a look at 20-day trading activity of Renasant Corp (RNST) gives us an average price of $33.04, while its current price level is -29.90% below from 52-week high level whereas it is 3.00% 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 $35.30 while that of 200 days or SMA-200 reads an average of $34.58. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.06% during that period while stretching the period over a month that decreases to 4.44%. 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 27.90 which implies that the stock is in oversold 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 -9.51% down while it is -17.49% when we observe its performance for the past one month. Year-to-date it is -22.29% down and over the past year, the stock is showing a downside performance of -9.16%.
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 2.82. In next quarter, company is expected to be making quarterly sales of $256.39M as analysts are expecting the sales for current fiscal year at $965.7M and seeing the company making $1.11B in sales next year. Moreover, analysts are in estimates of $170.05M for current-quarter revenue.
Currently, Renasant Corp’s total number of outstanding shares is 63.57M with 2.27% 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 8.53 while having a 7.97 of forward P/E ratio. Stock’s beta reads 0.90. Stock has a price to book (P/B) ratio of 0.66 while price to sale or P/S ratio amounts to 2.42. Its return on asset (ROA) is 1.10% on average.
