R1 RCM Inc. [NASDAQ: RCM] traded at a high on 09/08/20, posting a 13.04 gain after which it closed the day’ session at $16.04. The company report on September 4, 2020 that Etsy, Teradyne and Catalent Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600.
S&P Dow Jones Indices will make the following index adjustments to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its market capitalization range. The changes will be effective prior to the open of trading on Monday, September 21, 2020 to coincide with the September quarterly rebalance:.
S&P MidCap 400 constituents Etsy Inc. (NASD:ETSY), Teradyne Inc. (NASD:TER), and Catalent Inc. (NYSE:CTLT) will move to the S&P 500, replacing H&R Block Inc. (NYSE:HRB) Coty Inc. (NYSE:COTY) and Kohl’s Corp. (NYSE:KSS), all of which will move to the S&P MidCap 400.
The results of the trading session contributed to over 4562321 shares changing hands. Over the past one week, the price volatility of R1 RCM Inc. stands at 4.55% while the volatility over the past one month is 2.93%.
The market cap for RCM stock reached $1.83 billion, with 115.07 million shares outstanding and 105.04 million shares in the current float. Compared to the average trading volume of 884.16K shares, RCM reached a trading volume of 4562321 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 0.58, with the Price to Sales ratio for RCM stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 40.10, with the Price to Cash per share for the same quarter was set at 1.08. Price to Free Cash Flow for RCM in the course of the last twelve months was 33.02 with Quick ratio for the last quarter at 1.30.
How has RCM stock performed recently?
R1 RCM Inc. [RCM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.62. With this latest performance, RCM shares gained by 3.75% in over the last four-week period, additionally plugging by 43.73% over the last 6 months – not to mention a rise of 50.89% 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 67.57, with the RSI for the last a single of trading hit 71.55, and the three-weeks RSI is set at 66.04 for R1 RCM Inc. [RCM]. The present Moving Average for the last 50 days of trading for this stock 13.92, while it was recorded at 14.67 for the last single week of trading, and 12.03 for the last 200 days.
R1 RCM Inc. [RCM]: Deeper insight into the 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 1.30 and a Current Ratio set at 1.30.
Earnings analysis for R1 RCM Inc. [RCM]
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%.
Insider trade positions for R1 RCM Inc. [RCM]
There are presently around $1,382 million, or 78.00% of RCM stock, in the hands of institutional investors. The top three institutional holders of RCM stocks are: BLACKROCK INC. with ownership of 7,983,852, which is approximately 3.563% of the company’s market cap and around 1.20% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 5,697,698 shares of the stock with an approximate value of $91.39 million in RCM stocks shares; and VANGUARD GROUP INC, currently with $85.8 million in RCM stock with ownership of nearly 6.328% of the company’s market capitalization.
Positions in R1 RCM Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 91 institutional holders increased their position in R1 RCM Inc. [NASDAQ:RCM] by around 13,196,494 shares. Additionally, 85 investors decreased positions by around 12,331,748 shares, while 27 investors held positions by with 60,602,562 shares. The mentioned changes placed institutional holdings at 86,130,804 shares, according to the latest SEC report filing. RCM stock had 28 new institutional investments in for a total of 3,505,626 shares, while 30 institutional investors sold positions of 4,242,884 shares during the same period.