R1 RCM Inc. [NASDAQ: RCM] stock went on an upward path that rose over 0.65% on Monday, amounting to a one-week price increase of more than 10.20%. The company report on August 4, 2020 that R1 RCM Reports Second Quarter 2020 Results.
R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-enabled revenue cycle management services to healthcare providers, today announced results for the three months ended June 30, 2020.
Second Quarter 2020 Results:.
Over the last 12 months, RCM stock rose by 26.50%. The one-year R1 RCM Inc. stock forecast points to a potential upside of 12.98. The average equity rating for RCM stock is currently 1.60, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.77 billion, with 114.44 million shares outstanding and 103.67 million shares in the current float. Compared to the average trading volume of 997.74K shares, RCM stock reached a trading volume of 2012527 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on R1 RCM Inc. [RCM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RCM shares is $17.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RCM stock is a recommendation set at 1.60. 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.
SVB Leerink have made an estimate for R1 RCM Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 05, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on April 21, 2020, representing the official price target for R1 RCM Inc. stock. On January 14, 2020, analysts increased their price target for RCM shares from 15 to 15.50.
The Average True Range (ATR) for R1 RCM Inc. is set at 0.54, with the Price to Sales ratio for RCM stock in the period of the last 12 months amounting to 1.44. The Price to Book ratio for the last quarter was 55.57, with the Price to Cash per share for the same quarter was set at 0.93. Price to Free Cash Flow for RCM in the course of the last twelve months was 33.51 with Quick ratio for the last quarter at 1.20.
RCM Stock Performance Analysis:
R1 RCM Inc. [RCM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.20. With this latest performance, RCM shares gained by 18.87% in over the last four-week period, additionally plugging by 20.43% over the last 6 months – not to mention a rise of 26.50% 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 RCM stock in for the last two-week period is set at 77.15, with the RSI for the last a single of trading hit 81.47, and the three-weeks RSI is set at 72.03 for R1 RCM Inc. [RCM]. The present Moving Average for the last 50 days of trading for this stock 12.61, while it was recorded at 15.35 for the last single week of trading, and 11.70 for the last 200 days.
Insight into R1 RCM Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and R1 RCM Inc. [RCM] shares currently have an operating margin of +7.69 and a Gross Margin at +16.25. R1 RCM Inc.’s Net Margin is presently recorded at +1.01.
Return on Total Capital for RCM is now 13.94, given the latest momentum, and Return on Invested Capital for the company is 1.93. Return on Equity for this stock inclined to 5.20, with Return on Assets sitting at 1.38. When it comes to the capital structure of this company, R1 RCM Inc. [RCM] has a Total Debt to Total Equity ratio set at 185.64. Additionally, RCM Total Debt to Total Capital is recorded at 64.99, with Total Debt to Total Assets ending up at 49.39. Long-Term Debt to Equity for the company is recorded at 2,325.97, with the Long-Term Debt to Total Capital now at 59.62.
Reflecting on the efficiency of the workforce at the company, R1 RCM Inc. [RCM] managed to generate an average of $533 per employee. Receivables Turnover for the company is 12.51 with a Total Asset Turnover recorded at a value of 1.37.R1 RCM Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
RCM Stock EPS
With the latest financial reports released by the company, R1 RCM Inc. posted 0.01/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 -85.70%. 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 RCM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for R1 RCM Inc. go to 30.00%.
R1 RCM Inc. [RCM] Insider Position Details
There are presently around $2,221 million, or 77.50% of RCM stock, in the hands of institutional investors. The top three institutional holders of RCM stocks are: COPPER ROCK CAPITAL PARTNERS, LLC with ownership of 58,893,555, which is approximately 4835.522% of the company’s market cap and around 1.20% of the total institutional ownership; BLACKROCK INC., holding 7,709,208 shares of the stock with an approximate value of $119.95 million in RCM stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $82.82 million in RCM stock with ownership of nearly -4.288% of the company’s market capitalization.
86 institutional holders increased their position in R1 RCM Inc. [NASDAQ:RCM] by around 67,506,622 shares. Additionally, 91 investors decreased positions by around 9,632,106 shares, while 27 investors held positions by with 65,594,255 shares. The mentioned changes placed institutional holdings at 142,732,983 shares, according to the latest SEC report filing. RCM stock had 31 new institutional investments in for a total of 1,590,713 shares, while 28 institutional investors sold positions of 2,352,920 shares during the same period.