RadNet Inc. (NASDAQ:RDNT) has a beta of 1.55. The stock’s Relative Strength Index (RSI) is 49.22, with weekly volatility at 3.18% and ATR at 0.78. The RDNT stock’s 52-week price range has touched low of $5.81 and a $23.45 high. Its shares traded higher over the last trading session, gaining 1.43% on 02/11/21. The shares fell to a low of $18.84 before closing at $19.11. Intraday shares traded counted 0.15 million, which was 26.13% higher than its 30-day average trading volume of 209.29K. RDNT’s previous close was $18.84 while the outstanding shares total 51.36M.
Investors have identified the Diagnostics & Research company RadNet Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $993.53 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
RadNet Inc. (RDNT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 259.06 million total, with 373.79 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 0.46 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on RDNT sounds very interesting.
Is the stock of RDNT attractive?
In related news, President, Western Operations, HAMES NORMAN R sold 15,000 shares of the company’s stock in a transaction that recorded on Dec 18. The sale was performed at an average price of 18.48, for a total value of 277,150. As the sale deal closes, the President, Western Operations, HAMES NORMAN R now sold 15,000 shares of the company’s stock, valued at 282,900. Also, President, Western Operations, HAMES NORMAN R sold 10,000 shares of the company’s stock in a deal that was recorded on Dec 16. The shares were price at an average price of 18.92 per share, with a total market value of 189,200. Following this completion of acquisition, the President, Western Operations, HAMES NORMAN R now holds 15,000 shares of the company’s stock, valued at 286,100. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.90%.
2 out of 3 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on RadNet Inc.. 0 analysts has assigned a Sell rating on the RDNT stock. The 12-month mean consensus price target for the company’s shares has been set at $23.67.