While R1 RCM Inc. has underperformed by -4.44%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RCM fell by -24.40%, with highs and lows ranging from $18.70 to $8.87, whereas the simple moving average fell by -4.23% in the last 200 days.
On April 10, 2024, KeyBanc Capital Markets Downgraded R1 RCM Inc. (NASDAQ: RCM) to Sector Weight. A report published by Citigroup on March 20, 2024, Upgraded its rating to ‘Buy’ for RCM. Leerink Partners also rated RCM shares as ‘Outperform’, setting a target price of $14 on the company’s shares in an initiating report dated February 26, 2024. Barclays Initiated an Overweight rating on January 03, 2024, and assigned a price target of $14. Morgan Stanley December 15, 2023d its ‘Equal-Weight’ rating to ‘Overweight’ for RCM, as published in its report on December 15, 2023. JP Morgan’s report from December 13, 2023 suggests a price prediction of $11 for RCM shares, giving the stock a ‘Neutral’ rating. Truist also rated the stock as ‘Buy’.
Analysis of R1 RCM Inc. (RCM)
Further, the quarter-over-quarter increase in sales is 10.69%, showing a positive trend in the upcoming months.
One of the most important indicators of R1 RCM Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -1.21% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.79, 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 also provide valuable insight into volatility, and RCM is recording 3.38M average volume. On a monthly basis, the volatility of the stock is set at 3.14%, whereas on a weekly basis, it is put at 4.62%, with a loss of -1.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.86, showing growth from the present price of $12.27, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 64.12%. 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 39.49% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RCM shares are owned by institutional investors to the tune of 39.49% at present.
