Rite Aid Corporation [RAD] is -2.00% lower this YTD. Is it still time to buy?

Rite Aid Corporation [NYSE: RAD] plunged by -$0.08 during the normal trading session on Friday and reaching a high of $15.7691 during the day while it closed the day at $15.16. The company report on July 29, 2020 that Rite Aid Opens New COVID-19 Testing Sites in Michigan and Ohio.

Rite Aid (NYSE: RAD) continues to expand its no-charge COVID-19 testing service with the addition of six drive-through locations opening on July 30 in Michigan and Ohio, through its partnership with the U.S. Department of Health and Human Services (HHS).

Like Rite Aid’s existing drive-through testing sites, the new locations will utilize self-swab nasal tests overseen by Rite Aid pharmacists, and will operate Monday through Friday 10 a.m. – 8 p.m. and Saturday and Sunday 10 a.m. – 5 p.m.

Rite Aid Corporation stock has also gained 0.33% of its value over the past 7 days. However, RAD stock has inclined by 11.31% in the 3 months of the year. Over the past six months meanwhile, it has gained 26.86% and lost -2.00% year-on date.

The market cap for RAD stock reached $832.74 million, with 53.46 million shares outstanding and 52.92 million shares in the current float. Compared to the average trading volume of 3.73M shares, RAD reached a trading volume of 2752285 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $10.17 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 1.06, with the Price to Sales ratio for RAD stock in the period of the last 12 months amounting to 0.04. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 5.25. Price to Free Cash Flow for RAD in the course of the last twelve months was 4.33 with Quick ratio for the last quarter at 0.80.

RAD stock trade performance evaluation

Rite Aid Corporation [RAD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.33. With this latest performance, RAD shares dropped by -12.32% in over the last four-week period, additionally plugging by 26.86% over the last 6 months – not to mention a rise of 118.44% 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 47.25, with the RSI for the last a single of trading hit 43.13, and the three-weeks RSI is set at 49.48 for Rite Aid Corporation [RAD]. The present Moving Average for the last 50 days of trading for this stock 14.78, while it was recorded at 15.33 for the last single week of trading, and 13.05 for the last 200 days.

Rite Aid Corporation [RAD]: An insightful look at the core 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 0.80 and a Current Ratio set at 1.50.

Earnings per share (EPS) analysis for Rite Aid Corporation [RAD] stock

With the latest financial reports released by the company, Rite Aid Corporation posted 0.12/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 surpassed the estimates by a Surprise Factor of 71.40%. 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 Ownership positions

There are presently around $446 million, or 54.80% 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 2.20% of the total institutional ownership; BLACKROCK INC., holding 4,360,342 shares of the stock with an approximate value of $66.1 million in RAD stocks shares; and INVESCO LTD., currently with $43.16 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 June and at the time of the June reporting period, where 92 institutional holders increased their position in Rite Aid Corporation [NYSE:RAD] by around 6,113,297 shares. Additionally, 67 investors decreased positions by around 2,888,643 shares, while 51 investors held positions by with 20,396,957 shares. The mentioned changes placed institutional holdings at 29,398,897 shares, according to the latest SEC report filing. RAD stock had 40 new institutional investments in for a total of 2,345,792 shares, while 26 institutional investors sold positions of 939,807 shares during the same period.

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