Rambus Inc. [NASDAQ: RMBS] gained 10.77% or 4.13 points to close at $42.47 with a heavy trading volume of 4077884 shares.
The daily chart for RMBS points out that the company has recorded -32.69% loss over the past six months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If we look at the average trading volume of 1.87M shares, RMBS reached to a volume of 4077884 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 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 $66.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on 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 1.99, with the Price to Sales ratio for RMBS stock in the period of the last 12 months amounting to 9.58. The Price to Book ratio for the last quarter was 4.44, 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 23.71 with Quick ratio for the last quarter at 6.56.
Trading performance analysis for RMBS stock
Rambus Inc. [RMBS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.23. With this latest performance, RMBS shares dropped by -5.77% in over the last four-week period, additionally sinking by -32.69% over the last 6 months – not to mention a drop of -19.24% 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 52.76, with the RSI for the last a single of trading hit 61.65, and the three-weeks RSI is set at 48.24 for Rambus Inc. [RMBS]. The present Moving Average for the last 50 days of trading for this stock 45.24, while it was recorded at 39.33 for the last single week of trading, and 57.19 for the last 200 days.
Rambus Inc. [RMBS]: A deeper dive into fundamental analysis
Rambus Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.56 and a Current Ratio set at 7.18.
Rambus Inc. [RMBS]: 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 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%.
An analysis of Institutional ownership at Rambus Inc. [RMBS]
There are presently around $91.89%, or 92.52%% of RMBS stock, in the hands of institutional investors. The top three institutional holders of RMBS stocks are: BLACKROCK INC. with ownership of 15.79 million shares, which is approximately 14.6047%. VANGUARD GROUP INC, holding 11.79 million shares of the stock with an approximate value of $$692.73 million in RMBS stocks shares; and VANGUARD GROUP INC, currently with $$387.49 million in RMBS stock with ownership which is approximately 6.1009%.
