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. After-hours trades for Radnet Inc (RDNT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -0.25%, to $32.28. The Radnet Inc has recorded 15,335 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that RadNet, Inc. to Present at the Sidoti & Company Fall 2023 Virtual Conference on Thursday, November 16th.
As a NASDAQ listed company, RDNT falls under the Healthcare sector while operating within the Diagnostics & Research industry segment. At the end of the last regular session, the stock closed at $32.36 and fluctuated between $32.97 as its day high and $31.45 as its day low. The current market capitalization of Radnet Inc is $2.20B. A total of 0.71 million shares were traded on the day, compared to an average of 490.21K shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RDNT 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 11 BUYs and 14 SELLs from insiders. Insiders purchased 158,306 shares during that period but sold 106,615.
In the most recent transaction, HAMES NORMAN R sold 10,000 shares of RDNT for 31.12 per share on Jun 08. After the transaction, the Pres and COO-West Operations now owns 278,485 company shares. In a previous transaction on Jun 07, HAMES NORMAN R sold 15,000 shares at 30.92 per share. RDNT shares that Pres and COO-West Operations owns now total 288,485.
Among the insiders who sold shares, HAMES NORMAN R disposed of 20,000 shares on Jun 06 at a per-share price of $31.11. This resulted in the Pres and COO-West Operations holding 303,485 shares of RDNT after the transaction. In another insider transaction, HAMES NORMAN R sold 10,000 shares at $30.13 per share on Jun 02. Company shares held by the Pres and COO-West Operations now total 323,485.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RDNT in the last 3 months, the mean price target is $39.00 with high estimates of $40.00 and low estimates of $37.00. In terms of 52-week highs and lows, RDNT has a high of $35.18 and a low of $15.97.
As of this writing, RDNT has an earnings estimate of $0.14 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.17 per share and a lower estimate of $0.08. The company reported an EPS of $0.24 in the last quarter, which was 166.70% higher than expectations of $0.09.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RDNT’s latest balance sheet shows that the firm has $134.61M in Cash & Short Term Investments as of fiscal 2021. There were $1.40B in debt and $374.78M in liabilities at the time. Its Book Value Per Share was $9.12, while its Total Shareholder’s Equity was $346.16M.
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 RDNT is Buy with a score of 4.75.