Rambus Inc. [NASDAQ: RMBS] plunged by -$6.56 during the normal trading session on while it closed the day at $44.88.
Rambus Inc. stock has also loss -20.99% of its value over the past 7 days. However, RMBS stock has declined by -14.92% in the 3 months of the year. Over the past six months meanwhile, it has lost -34.51% and lost -34.24% year-on date.
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The market cap for RMBS stock reached $4.84 billion, with 107.85 million shares outstanding and 107.05 million shares in the current float. Compared to the average trading volume of 1.36M shares, RMBS reached a trading volume of 4307085 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Rambus Inc. [RMBS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RMBS shares is $69.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RMBS stock is a recommendation set at 1.83. 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.
Jefferies have made an estimate for Rambus Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 18, 2023. While these analysts kept the previous recommendation, Jefferies raised their target price from $45 to $65. The new note on the price target was released on May 18, 2023, representing the official price target for Rambus Inc. stock. Previously, the target price had yet another raise to $35, while Rosenblatt analysts kept a Buy rating on RMBS stock.
The Average True Range (ATR) for Rambus Inc. is set at 3.49, with the Price to Sales ratio for RMBS stock in the period of the last 12 months amounting to 10.13. The Price to Book ratio for the last quarter was 4.88, with the Price to Cash per share for the same quarter was set at 4.02. Price to Free Cash Flow for RMBS in the course of the last twelve months was 27.25 with Quick ratio for the last quarter at 6.56.
RMBS stock trade performance evaluation
Rambus Inc. [RMBS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.99. With this latest performance, RMBS shares dropped by -25.11% in over the last four-week period, additionally sinking by -34.51% over the last 6 months – not to mention a drop of -18.21% 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 RMBS stock in for the last two-week period is set at 31.38, with the RSI for the last a single of trading hit 27.00, and the three-weeks RSI is set at 34.78 for Rambus Inc. [RMBS]. The present Moving Average for the last 50 days of trading for this stock 57.80, while it was recorded at 51.95 for the last single week of trading, and 60.89 for the last 200 days.
Rambus Inc. [RMBS]: An insightful look at the core fundamentals
Rambus Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.56 and a Current Ratio set at 7.18.
Earnings per share (EPS) analysis for Rambus Inc. [RMBS] stock
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 RMBS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rambus Inc. go to 14.05%.
Rambus Inc. [RMBS]: Institutional Ownership
The top three institutional holders of RMBS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in RMBS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in RMBS stock with ownership which is approximately 5.1238%.
