RPC, Inc. [NYSE: RES] traded at a low on Thursday, posting a -5.19 loss after which it closed the day’ session at $6.58.
The results of the trading session contributed to over 3730214 shares changing hands. Over the past one week, the price volatility of RPC, Inc. stands at 3.85% while the volatility over the past one month is 4.05%.
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The market cap for RES stock reached $1.41 billion, with 215.03 million shares outstanding and 95.46 million shares in the current float. Compared to the average trading volume of 1.95M shares, RES reached a trading volume of 3730214 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about RPC, Inc. [RES]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RES shares is $7.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RES stock is a recommendation set at 3.20. 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.
Citigroup have made an estimate for RPC, Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on June 16, 2023. The new note on the price target was released on April 28, 2022, representing the official price target for RPC, Inc. stock.
The Average True Range (ATR) for RPC, Inc. is set at 0.29, with the Price to Sales ratio for RES stock in the period of the last 12 months amounting to 0.96. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 1.22. Price to Free Cash Flow for RES in the course of the last twelve months was 7.17 with Quick ratio for the last quarter at 3.86.
How has RES stock performed recently?
RPC, Inc. [RES] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.80. With this latest performance, RES shares gained by 3.30% in over the last four-week period, additionally sinking by -15.64% over the last 6 months – not to mention a drop of -28.01% 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 RES stock in for the last two-week period is set at 48.00, with the RSI for the last a single of trading hit 43.20, and the three-weeks RSI is set at 49.90 for RPC, Inc. [RES]. The present Moving Average for the last 50 days of trading for this stock 6.42, while it was recorded at 6.86 for the last single week of trading, and 6.83 for the last 200 days.
RPC, Inc. [RES]: Deeper insight into the fundamentals
RPC, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.86 and a Current Ratio set at 4.61.
Earnings analysis for RPC, Inc. [RES]
With the latest financial reports released by the company, RPC, Inc. posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.16. 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 RES.
Insider trade positions for RPC, Inc. [RES]
There are presently around $43.56%, or 110.85%% of RES stock, in the hands of institutional investors. The top three institutional holders of RES stocks are: BLACKROCK INC. with ownership of 14.58 million shares, which is approximately 6.8893%. VANGUARD GROUP INC, holding 10.7 million shares of the stock with an approximate value of $$66.88 million in RES stocks shares; and VANGUARD GROUP INC, currently with $$65.35 million in RES stock with ownership which is approximately 4.9395%.
