RPC, Inc [NYSE: RES] loss -3.89% or -0.25 points to close at $6.17 with a heavy trading volume of 3340925 shares.
The daily chart for RES points out that the company has recorded -16.28% loss over the past six months.
If we look at the average trading volume of 1.49M shares, RES reached to a volume of 3340925 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 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 $6.45 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 0.31, with the Price to Sales ratio for RES stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 1.52. Price to Free Cash Flow for RES in the course of the last twelve months was 10.25 with Quick ratio for the last quarter at 3.44.
Trading performance analysis for RES stock
RPC, Inc [RES] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.06. With this latest performance, RES shares gained by 6.75% in over the last four-week period, additionally sinking by -16.28% over the last 6 months – not to mention a drop of -16.85% 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 42.55, with the RSI for the last a single of trading hit 34.92, and the three-weeks RSI is set at 46.09 for RPC, Inc [RES]. The present Moving Average for the last 50 days of trading for this stock 6.22, while it was recorded at 6.47 for the last single week of trading, and 6.43 for the last 200 days.
RPC, Inc [RES]: A deeper dive into fundamental analysis
RPC, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.44 and a Current Ratio set at 4.03.
An analysis of Institutional ownership at RPC, Inc [RES]
There are presently around $45.17%, or 114.92%% 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%.
