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Tuesday, January 31, 2023

It’s Not Over Yet For Rambus Inc. (NASDAQ: RMBS)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Rambus Inc. (RMBS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.29, or 0.69%, to $42.30. The Rambus Inc. has recorded 16,565 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Media Alert: Rambus to Announce Fourth Quarter and Fiscal Year 2022 Results.

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Stocks Info

Rambus Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Semiconductors industry. At the end of the last regular session, the stock closed at $42.01 and fluctuated between $42.10 as its day high and $41.02 as its day low. The current market capitalization of Rambus Inc. is $4.39B. A total of 1.02 million shares were traded on the day, compared to an average of 870.09K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, RMBS has seen 1 BUY and 5 SELL insider trades, representing the acquisition of 15,000 and the disposition of 137,401 shares. Over the last 12 months, there were 21 BUYs and 29 SELLs from insiders. Insiders purchased 571,799 shares during that period but sold 554,851.

In the most recent transaction, FAN XIANZHI SEAN sold 52,852 shares of RMBS for 37.88 per share on Nov 18. After the transaction, the COO now owns 127,886 company shares. In a previous transaction on Nov 16, FAN XIANZHI SEAN sold 10,277 shares at 38.30 per share. RMBS shares that COO owns now total 180,738.

Among the insiders who sold shares, FAN XIANZHI SEAN disposed of 51,772 shares on Nov 15 at a per-share price of $38.51. This resulted in the COO holding 191,015 shares of RMBS after the transaction. In another insider transaction, Sayiner Necip sold 15,000 shares at $38.16 per share on Nov 15. Company shares held by the Director now total 27,873.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for RMBS in the last 3 months, the mean price target is $39.40 with high estimates of $50.00 and low estimates of $32.00. In terms of 52-week highs and lows, RMBS has a high of $41.93 and a low of $20.00.

As of this writing, RMBS has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.41. The company reported an EPS of $0.39 in the last quarter, which was 5.40% higher than expectations of $0.37.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RMBS is Overweight with a score of 4.60. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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