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Saturday, June 3, 2023

Insights Into Rite Aid Corporation (RAD) Exposure By Institutions

After Hours

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. After-hours trades for Rite Aid Corporation (RAD) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $1.99. The Rite Aid Corporation has recorded 14,019 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Rite Aid Looks to ‘Ease the Sneeze’ This Allergy Season.

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Stocks Info

Rite Aid Corporation is listed on the NYSE in the Healthcare sector while operating in the Pharmaceutical Retailers industry. At the end of the last regular session, the stock closed at $1.99 and fluctuated between $2.0000 as its day high and $1.9350 as its day low. The current market capitalization of Rite Aid Corporation is $116.20M. A total of 1.6 million shares were traded on the day, compared to an average of 2.45M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, RAD has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 20 SELLs from insiders. Insiders purchased 925,850 shares during that period but sold 128,346.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RAD in the last 3 months, the mean price target is $1.50 with high estimates of $2.00 and low estimates of $1.00. In terms of 52-week highs and lows, RAD has a high of $11.60 and a low of $1.78.

As of this writing, RAD has an earnings estimate of -$1.46 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$1.35 per share and a lower estimate of -$1.57. The company reported an EPS of -$0.14 in the last quarter, which was 54.80% higher than expectations of -$0.31.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. RAD’s latest balance sheet shows that the firm has $39.72M in Cash & Short Term Investments as of fiscal 2022. There were $5.93B in debt and $2.93B in liabilities at the time. Its Book Value Per Share was -$11.66, while its Total Shareholder’s Equity was $99.03M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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.

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