While Radiant Logistics, Inc has overperformed by 0.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RLGT fell by -11.19%, with highs and lows ranging from $7.94 to $5.44, whereas the simple moving average fell by -6.62% in the last 200 days.
On March 29, 2023, TD Cowen started tracking Radiant Logistics, Inc (AMEX: RLGT) recommending Outperform. A report published by Vertical Research on March 26, 2021, Initiated its previous ‘Buy’ rating for RLGT. The Benchmark Company also rated RLGT shares as ‘Buy’, setting a target price of $8 on the company’s shares in an initiating report dated February 28, 2020. Cowen Reiterated the rating as Outperform on February 10, 2017, but set its price target from $5 to $7. Cowen initiated its ‘Outperform’ rating for RLGT, as published in its report on July 29, 2015. Lake Street’s report from June 16, 2015 suggests a price prediction of $10.50 for RLGT shares, giving the stock a ‘Buy’ rating. ROTH Capital also rated the stock as ‘Neutral’.
Analysis of Radiant Logistics, Inc (RLGT)
Further, the quarter-over-quarter increase in sales is 7.06%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Radiant Logistics, Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 7.94% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.56, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and RLGT is recording an average volume of 133.80K. On a monthly basis, the volatility of the stock is set at 2.82%, whereas on a weekly basis, it is put at 5.07%, with a loss of -8.74% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.33, showing growth from the present price of $5.95, which can serve as yet another indication of whether RLGT is worth investing in or should be passed over.
How Do You Analyze Radiant Logistics, Inc Shares?
Radiant Logistics, Inc (RLGT) is based in the USA and is one of the most prominent companies operating in the Integrated Freight & Logistics market. When comparing Radiant Logistics, Inc shares with other companies under Industrials, 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 16.78, there is a growth in quarterly earnings of 2.44%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 23.83%. 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 56.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
