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Sunday, April 2, 2023

Taking On Challenges And Growing? – Rite Aid Corporation (RAD)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Rite Aid Corporation (RAD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.38%, to $2.65. The Rite Aid Corporation has recorded 92,178 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Rite Aid Corporation Names Elizabeth “Busy” Burr Interim Chief Executive Officer.

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Stocks Info

This NYSE-listed company operates within the Pharmaceutical Retailers industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $2.66 and fluctuated between $3.4000 as its day high and $2.5000 as its day low. The current market capitalization of Rite Aid Corporation is $151.73M. A total of 9.73 million shares were traded on the day, compared to an average of 2.54M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RAD has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,076 shares. Over the last 12 months, there were 15 BUYs and 20 SELLs from insiders. Insiders purchased 951,850 shares during that period but sold 128,346.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RAD in the last 3 months, the mean price target is $3.00 with high estimates of $3.00 and low estimates of $3.00. In terms of 52-week highs and lows, RAD has a high of $11.60 and a low of $3.16.

As of this writing, RAD has an earnings estimate of -$0.77 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.76 per share and a lower estimate of -$0.78. The company reported an EPS of -$0.63 in the last quarter, which was -14.50% lower than expectations of -$0.55.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

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. Currently, 3 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 RAD is Buy with a score of 1.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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