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Tuesday, September 26, 2023

Today, R1 RCM Inc. (NASDAQ: RCM) Takes Center Stage

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 R1 RCM Inc. (RCM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.34, or -1.93%, to $17.27. The R1 RCM Inc. has recorded 24,904 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that R1 RCM Reports Second Quarter 2023 Results.

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Stocks Info

The company is listed on the NASDAQ and operates within the Health Information Services industry segment. At the end of the last regular session, the stock closed at $17.61 and fluctuated between $17.66 as its day high and $17.25 as its day low. The current market capitalization of R1 RCM Inc. is $7.22B. A total of 1.38 million shares were traded on the day, compared to an average of 2.42M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, RCM has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 59,061 and the disposition of 79,000 shares. Over the last 12 months, there were 30 BUYs and 8 SELLs from insiders. Insiders purchased 1,632,080 shares during that period but sold 15,526,078.

In the most recent transaction, HENNEMAN JOHN B III sold 50,000 shares of RCM for 17.17 per share on Aug 08. After the transaction, the Director now owns 72,114 company shares. In a previous transaction on Jun 12, Evans Richard B. Jr. sold 17,000 shares at 16.84 per share. RCM shares that Principal Accounting Officer owns now total 124,007.

Among the insiders who sold shares, Evans Richard B. Jr. disposed of 12,000 shares on Jun 09 at a per-share price of $16.69. This resulted in the Principal Accounting Officer holding 141,007 shares of RCM after the transaction. In another insider transaction, SPARBY JOHN M. sold 20,000 shares at $16.36 per share on May 10. Company shares held by the President now total 243,827.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for RCM in the last 3 months, the mean price target is $21.57 with high estimates of $26.00 and low estimates of $18.00. In terms of 52-week highs and lows, RCM has a high of $22.74 and a low of $6.71.

As of this writing, RCM has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.1 per share and a lower estimate of $0. The company reported an EPS of $0 in the last quarter, which was 100.00% higher than expectations of -$0.02.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RCM’s latest balance sheet shows that the firm has $130.10M in Cash & Short Term Investments as of fiscal 2021. There were $839.30M in debt and $254.20M in liabilities at the time. Its Book Value Per Share was $6.55, while its Total Shareholder’s Equity was $346.70M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 RCM is Buy with a score of 4.71.

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