Rite Aid Corporation [RAD] Is Currently -8.77 below its 200 Period Moving Avg: What Does This Mean?

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Rite Aid Corporation [NYSE: RAD] loss -8.77% on the last trading session, reaching $9.36 price per share at the time. The company report on March 30, 2022 that Second COVID-19 Boosters Now Available at All Rite Aid Locations for Eligible Individuals.


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Rite Aid (NYSE: RAD) today announced it will begin administering a second booster of the mRNA Pfizer and Moderna COVID-19 vaccines for eligible individuals, following approval by the Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA).

Rite Aid Corporation represents 54.17 million in outstanding shares, while the company has a total market value of $525.84 million with the latest information. RAD stock price has been found in the range of $9.305 to $10.175.

If compared to the average trading volume of 2.26M shares, RAD reached a trading volume of 6399967 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $14.00 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 0.46, with the Price to Sales ratio for RAD stock in the period of the last 12 months amounting to 0.02. The Price to Book ratio for the last quarter was 1.07, with the Price to Cash per share for the same quarter was set at 2.76. Price to Free Cash Flow for RAD in the course of the last twelve months was 2.88 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for RAD stock

Rite Aid Corporation [RAD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.11. With this latest performance, RAD shares gained by 6.00% in over the last four-week period, additionally sinking by -35.22% over the last 6 months – not to mention a drop of -54.25% 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 45.84, with the RSI for the last a single of trading hit 45.35, and the three-weeks RSI is set at 44.90 for Rite Aid Corporation [RAD]. The present Moving Average for the last 50 days of trading for this stock 9.89, while it was recorded at 9.83 for the last single week of trading, and 13.59 for the last 200 days.

Rite Aid Corporation [RAD]: A deeper dive into fundamental analysis

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 1.40.

Rite Aid Corporation [RAD]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Rite Aid Corporation [RAD]

There are presently around $363 million, or 65.00% of RAD stock, in the hands of institutional investors. The top three institutional holders of RAD stocks are: VANGUARD GROUP INC with ownership of 5,291,657, which is approximately 2.328% of the company’s market cap and around 1.80% of the total institutional ownership; BLACKROCK INC., holding 4,660,384 shares of the stock with an approximate value of $47.82 million in RAD stocks shares; and INVESCO LTD., currently with $27.98 million in RAD stock with ownership of nearly -0.152% 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 93 institutional holders increased their position in Rite Aid Corporation [NYSE:RAD] by around 6,889,055 shares. Additionally, 80 investors decreased positions by around 3,326,405 shares, while 54 investors held positions by with 25,143,962 shares. The mentioned changes placed institutional holdings at 35,359,422 shares, according to the latest SEC report filing. RAD stock had 44 new institutional investments in for a total of 1,528,674 shares, while 26 institutional investors sold positions of 1,594,572 shares during the same period.

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