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Saturday, December 2, 2023

Taking On Challenges And Growing? – Rimini Street Inc. (RMNI)

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 Rimini Street Inc. (RMNI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.09, or -3.24%, to $2.69. The Rimini Street Inc. has recorded 5,414 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Rimini Street Announces Fiscal Third Quarter 2023 Financial and Operating Results.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $2.78 and fluctuated between $2.8050 as its day high and $2.6600 as its day low. The current market capitalization of Rimini Street Inc. is $248.50M. A total of 0.77 million shares were traded on the day, compared to an average of 414.52K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RMNI has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 33,334 and the disposition of 13,701 shares. Over the last 12 months, there were 35 BUYs and 35 SELLs from insiders. Insiders purchased 692,548 shares during that period but sold 1,025,389.

In the most recent transaction, Perica Michael L. sold 13,701 shares of RMNI for 2.09 per share on Oct 02. After the transaction, the EVP & Chief Financial Officer now owns 80,861 company shares. In a previous transaction on Aug 04, Rowe David W. sold 11,449 shares at 2.56 per share. RMNI shares that EVP, Glob.Transform.&CPO owns now total 356,086.

Among the insiders who sold shares, Salaets Steven disposed of 8,064 shares on Aug 04 at a per-share price of $2.56. This resulted in the EVP & CIO holding 188,443 shares of RMNI after the transaction. In another insider transaction, Maddock Kevin sold 5,729 shares at $2.56 per share on Aug 04. Company shares held by the EVP,ChiefRecurringRev.Officer now total 78,459.

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 RMNI in the last 3 months, the mean price target is $3.94 with high estimates of $5.00 and low estimates of $3.00. In terms of 52-week highs and lows, RMNI has a high of $5.32 and a low of $2.01.

As of this writing, RMNI has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.11 per share and a lower estimate of $0.08. The company reported an EPS of $0.12 in the last quarter, which was 50.00% higher than expectations of $0.08.

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. RMNI’s latest balance sheet shows that the firm has $119.57M in Cash & Short Term Investments as of fiscal 2021. There were $100.06M in debt and $329.50M in liabilities at the time. Its Book Value Per Share was -$0.59, while its Total Shareholder’s Equity was -$80.39M.

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, 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 RMNI is Buy with a score of 3.67.

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