Saturday, November 28, 2020

Rite Aid Corporation [RAD] fell -15.90% so far this year. What now?

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Rite Aid Corporation [NYSE: RAD] price plunged by -8.83 percent to reach at -$1.26. A sum of 3509440 shares traded at recent session while its average daily volume was at 4.93M shares. Rite Aid Corporation shares reached a high of $13.78 and dropped to a low of $12.835 until finishing in the latest session at $13.01.

The one-year RAD stock forecast points to a potential downside of -95.05. The average equity rating for RAD stock is currently 3.40, trading closer to a bullish pattern in the stock market.


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Guru’s Opinion on Rite Aid Corporation [RAD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RAD shares is $6.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RAD stock is a recommendation set at 3.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Rite Aid Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 17, 2020. The new note on the price target was released on February 27, 2020, representing the official price target for Rite Aid Corporation stock.

The Average True Range (ATR) for Rite Aid Corporation is set at 0.94, with the Price to Sales ratio for RAD stock in the period of the last 12 months amounting to 0.03. The Price to Book ratio for the last quarter was 1.03, with the Price to Cash per share for the same quarter was set at 3.98. Price to Free Cash Flow for RAD in the course of the last twelve months was 2.26 with Quick ratio for the last quarter at 0.60.

RAD Stock Performance Analysis:

Rite Aid Corporation [RAD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.87. With this latest performance, RAD shares gained by 2.20% in over the last four-week period, additionally plugging by 61.01% over the last 6 months – not to mention a rise of 88.28% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RAD stock in for the last two-week period is set at 45.21, with the RSI for the last a single of trading hit 43.34, and the three-weeks RSI is set at 47.63 for Rite Aid Corporation [RAD]. The present Moving Average for the last 50 days of trading for this stock 13.36, while it was recorded at 14.18 for the last single week of trading, and 11.68 for the last 200 days.

Insight into Rite Aid Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Rite Aid Corporation [RAD] shares currently have an operating margin of +1.12 and a Gross Margin at +20.38. Rite Aid Corporation’s Net Margin is presently recorded at -2.14.

Return on Total Capital for RAD is now 4.20, given the latest momentum, and Return on Invested Capital for the company is -8.42. Return on Equity for this stock declined to -50.42, with Return on Assets sitting at -5.18. When it comes to the capital structure of this company, Rite Aid Corporation [RAD] has a Total Debt to Total Equity ratio set at 934.87. Additionally, RAD Total Debt to Total Capital is recorded at 90.34, with Total Debt to Total Assets ending up at 59.95. Long-Term Debt to Equity for the company is recorded at 860.89, with the Long-Term Debt to Total Capital now at 83.19.

Reflecting on the efficiency of the workforce at the company, Rite Aid Corporation [RAD] managed to generate an average of -$9,384 per employee. Receivables Turnover for the company is 14.26 with a Total Asset Turnover recorded at a value of 2.42.Rite Aid Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.30.

RAD Stock EPS

With the latest financial reports released by the company, Rite Aid Corporation posted -0.14/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RAD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rite Aid Corporation go to -3.69%.

Rite Aid Corporation [RAD] Insider Position Details

There are presently around $420 million, or 54.20% of RAD stock, in the hands of institutional investors. The top three institutional holders of RAD stocks are: VANGUARD GROUP INC with ownership of 5,265,721, which is approximately 2.751% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 4,360,342 shares of the stock with an approximate value of $62.22 million in RAD stocks shares; and INVESCO LTD., currently with $40.63 million in RAD stock with ownership of nearly 8.443% of the company’s market capitalization.

Positions in Rite Aid Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 95 institutional holders increased their position in Rite Aid Corporation [NYSE:RAD] by around 5,707,385 shares. Additionally, 63 investors decreased positions by around 2,548,366 shares, while 52 investors held positions by with 21,143,857 shares. The mentioned changes placed institutional holdings at 29,399,608 shares, according to the latest SEC report filing. RAD stock had 41 new institutional investments in for a total of 2,150,395 shares, while 24 institutional investors sold positions of 527,344 shares during the same period.

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