A share of R1 RCM Inc. (NASDAQ:RCM) closed at $26.05 per share on Thursday, down from $26.36 day before. While R1 RCM Inc. has underperformed by -1.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RCM rose by 22.82%, with highs and lows ranging from $27.86 to $18.71, whereas the simple moving average jumped by 9.65% in the last 200 days.
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On August 01, 2022, JP Morgan started tracking R1 RCM Inc. (NASDAQ: RCM) recommending Overweight. Deutsche Bank Initiated an Buy rating on February 09, 2022, and assigned a price target of $30. Jefferies initiated its ‘Buy’ rating for RCM, as published in its report on December 02, 2021. JP Morgan’s report from October 14, 2021 suggests a price prediction of $27 for RCM shares, giving the stock a ‘Overweight’ rating. Barclays also rated the stock as ‘Overweight’.
Analysis of R1 RCM Inc. (RCM)
Further, the quarter-over-quarter increase in sales is 12.60%, showing a positive trend in the upcoming months.
R1 RCM Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 29.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.50, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and RCM is registering an average volume of 1.26M. On a monthly basis, the volatility of the stock is set at 4.13%, whereas on a weekly basis, it is put at 4.24%, with a gain of 6.11% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.33, showing growth from the present price of $26.05, which can serve as yet another indication of whether RCM is worth investing in or should be passed over.
How Do You Analyze R1 RCM Inc. Shares?
A giant in the Health Information Services market, R1 RCM Inc. (RCM) is based in the USA. When comparing R1 RCM Inc. shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 78.70, there is a growth in quarterly earnings of 103.90%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in RCM shares?
The recent increase in stakes in RCM appears to be a result of several institutional investors and hedge funds increasing their positions. Geode Capital Management LLC’s position in RCM has increased by 3.15% in the first quarter. The company now owns 2,388,271 shares of the stock, with a value of $50.06 million, following the purchase of 73,043 additional shares during the last quarter. Goldman Sachs & Co. LLC made another increased to its shares in RCM during the first quarter, upping its stake by 20.23%. During the last quarter, the company picked up 142,106 additional shares for a total stake of worth $17.71 million, bringing number of shares owned by the company to 844,729.
During the first quarter, Oak Ridge Investments LLC added a 100,139 position in RCM. Citadel Advisors LLC purchased an additional 0.22 million shares in the last quarter, increasing its holdings by 142.87%, now holding 0.37 million shares worth $7.84 million. At the end of the first quarter, HCP Asset Management SA increased its RCM holdings by 128.56% and now holds 0.22 million RCM shares valued at $4.57 million with the added 0.12 million shares during the period. RCM shares are owned by institutional investors to the tune of 95.50% at present.