R1 RCM Inc. [NASDAQ: RCM] gained 10.20% or 1.15 points to close at $12.43 with a heavy trading volume of 9972216 shares. The company report on January 5, 2023 that R1 RCM Announces Leadership Appointments; Reaffirms 2022 Guidance and Announces 2023 Outlook.
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Jennifer Williams Appointed Chief Financial Officer; Kyle Hicok Appointed Chief Commercial Officer.
It opened the trading session at $11.62, the shares rose to $12.76 and dropped to $11.51, the range by which the price of stock traded the whole day. The daily chart for RCM points out that the company has recorded -47.38% loss over the past six months. However, it is still -85.25% lower than its most recent low trading price.
If we look at the average trading volume of 5.13M shares, RCM reached to a volume of 9972216 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 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 $15.07 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 1.70. 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.
Canaccord Genuity have made an estimate for R1 RCM Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 05, 2023. The new note on the price target was released on December 07, 2022, representing the official price target for R1 RCM Inc. stock. Previously, the target price had yet another raise to $11, while Morgan Stanley analysts kept a Equal-Weight rating on RCM stock.
The Average True Range (ATR) for R1 RCM Inc. is set at 0.70, with the Price to Sales ratio for RCM stock in the period of the last 12 months amounting to 2.81. The Price to Book ratio for the last quarter was 1.87, with the Price to Cash per share for the same quarter was set at 0.35.
Trading performance analysis for RCM stock
R1 RCM Inc. [RCM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.72. With this latest performance, RCM shares gained by 29.21% in over the last four-week period, additionally sinking by -47.38% over the last 6 months – not to mention a drop of -47.90% 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 65.84, with the RSI for the last a single of trading hit 75.80, and the three-weeks RSI is set at 57.58 for R1 RCM Inc. [RCM]. The present Moving Average for the last 50 days of trading for this stock 10.85, while it was recorded at 11.28 for the last single week of trading, and 19.45 for the last 200 days.
R1 RCM Inc. [RCM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and R1 RCM Inc. [RCM] shares currently have an operating margin of +12.45 and a Gross Margin at +20.86. R1 RCM Inc.’s Net Margin is presently recorded at +6.59.
Return on Equity for this stock inclined to 28.33, with Return on Assets sitting at 7.37.
R1 RCM Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.
R1 RCM Inc. [RCM]: 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 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 -2.50%.
An analysis of insider ownership at R1 RCM Inc. [RCM]
There are presently around $4,154 million, or 85.10% of RCM stock, in the hands of institutional investors. The top three institutional holders of RCM stocks are: NEW MOUNTAIN CAPITAL, L.L.C. with ownership of 94,373,743, which is approximately New of the company’s market cap and around 0.80% of the total institutional ownership; NEW MOUNTAIN VANTAGE ADVISERS, L.L.C., holding 94,373,743 shares of the stock with an approximate value of $1.17 billion in RCM stocks shares; and BLACKROCK INC., currently with $206.32 million in RCM stock with ownership of nearly 3.801% of the company’s market capitalization.
Positions in R1 RCM Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 163 institutional holders increased their position in R1 RCM Inc. [NASDAQ:RCM] by around 230,462,718 shares. Additionally, 92 investors decreased positions by around 7,977,262 shares, while 28 investors held positions by with 95,756,804 shares. The mentioned changes placed institutional holdings at 334,196,784 shares, according to the latest SEC report filing. RCM stock had 48 new institutional investments in for a total of 206,814,057 shares, while 32 institutional investors sold positions of 2,084,995 shares during the same period.