Rite Aid Corporation [NYSE: RAD] stock went on a downward path that fall over -2.71% on Thursday, amounting to a one-week price decrease of less than -7.09%. The company report on June 24, 2021 that Rite Aid Releases Third Annual Corporate Sustainability Report.
Company Unveils Four Key Pillars Guiding its Sustainability Efforts.
Rite Aid (NYSE: RAD) published its third annual corporate sustainability report, detailing the company’s enhanced Environmental, Social and Governance (ESG) strategy. The report introduces four key pillars underpinning Rite Aid’s sustainability efforts: building a thriving planet, thriving business, thriving workplace and thriving community.
Over the last 12 months, RAD stock dropped by -15.18%. The one-year Rite Aid Corporation stock forecast points to a potential downside of -0.96. The average equity rating for RAD stock is currently 3.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $746.24 million, with 53.85 million shares outstanding and 52.62 million shares in the current float. Compared to the average trading volume of 2.44M shares, RAD stock reached a trading volume of 3289900 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $13.50 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 3.50. 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.
JP Morgan have made an estimate for Rite Aid Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on June 25, 2021. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $17 to $27. The new note on the price target was released on March 25, 2021, representing the official price target for Rite Aid Corporation stock. Previously, the target price had yet another raise to $12, while Deutsche Bank analysts kept a Hold rating on RAD stock.
The Average True Range (ATR) for Rite Aid Corporation is set at 0.84, 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 1.21, with the Price to Cash per share for the same quarter was set at 2.16. Price to Free Cash Flow for RAD in the course of the last twelve months was 64.89 with Quick ratio for the last quarter at 0.70.
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 -7.09. With this latest performance, RAD shares dropped by -38.19% in over the last four-week period, additionally sinking by -24.36% over the last 6 months – not to mention a drop of -15.18% 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 23.45, with the RSI for the last a single of trading hit 15.74, and the three-weeks RSI is set at 29.50 for Rite Aid Corporation [RAD]. The present Moving Average for the last 50 days of trading for this stock 18.37, while it was recorded at 14.26 for the last single week of trading, and 17.60 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 +0.55 and a Gross Margin at +18.57. Rite Aid Corporation’s Net Margin is presently recorded at -0.42.
Return on Total Capital for RAD is now 1.88, given the latest momentum, and Return on Invested Capital for the company is -1.54. Return on Equity for this stock declined to -15.52, with Return on Assets sitting at -0.95. When it comes to the capital structure of this company, Rite Aid Corporation [RAD] has a Total Debt to Total Equity ratio set at 1,045.63. Additionally, RAD Total Debt to Total Capital is recorded at 91.27, with Total Debt to Total Assets ending up at 61.53. Long-Term Debt to Equity for the company is recorded at 960.59, with the Long-Term Debt to Total Capital now at 83.85.
Reflecting on the efficiency of the workforce at the company, Rite Aid Corporation [RAD] managed to generate an average of -$2,001 per employee. Receivables Turnover for the company is 17.49 with a Total Asset Turnover recorded at a value of 2.29.Rite Aid Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.30.
RAD Stock EPS
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 $436 million, or 60.60% of RAD stock, in the hands of institutional investors. The top three institutional holders of RAD stocks are: VANGUARD GROUP INC with ownership of 5,104,344, which is approximately 2.256% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 5,005,045 shares of the stock with an approximate value of $68.22 million in RAD stocks shares; and INVESCO LTD., currently with $37.06 million in RAD stock with ownership of nearly -2.223% 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 81 institutional holders increased their position in Rite Aid Corporation [NYSE:RAD] by around 6,621,254 shares. Additionally, 91 investors decreased positions by around 6,200,051 shares, while 60 investors held positions by with 19,149,517 shares. The mentioned changes placed institutional holdings at 31,970,822 shares, according to the latest SEC report filing. RAD stock had 41 new institutional investments in for a total of 2,005,253 shares, while 28 institutional investors sold positions of 997,343 shares during the same period.