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. The stock was recently discussed on Yahoo Finance as it revealed that Media Alert: Rambus to Announce Fourth Quarter and Fiscal Year 2023 Results.
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Stocks Info
This NASDAQ-listed company operates within the Semiconductors industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $73.99 and fluctuated between $76.37 as its day high and $72.00 as its day low. The current market capitalization of Rambus Inc. is $7.95B. A total of 1.54 million shares were traded on the day, compared to an average of 1.68M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, RMBS has seen 2 BUY and 4 SELL insider trades, representing the acquisition of 25,000 and the disposition of 28,685 shares. Over the last 12 months, there were 17 BUYs and 31 SELLs from insiders. Insiders purchased 538,081 shares during that period but sold 475,825.
In the most recent transaction, FAN XIANZHI SEAN sold 16,904 shares of RMBS for 66.35 per share on Dec 11. After the transaction, the COO now owns 151,319 company shares. In a previous transaction on Dec 08, Lynch Desmond sold 6,838 shares at 64.78 per share. RMBS shares that SVP, CFO owns now total 57,360.
Among the insiders who sold shares, Lynch Desmond disposed of 1,527 shares on Dec 07 at a per-share price of $64.64. This resulted in the SVP, CFO holding 64,198 shares of RMBS after the transaction. In another insider transaction, STANG ERIC B sold 8,685 shares at $67.16 per share on Nov 15. Company shares held by the Director now total 9,957.
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 RMBS in the last 3 months, the mean price target is $79.12 with high estimates of $92.00 and low estimates of $66.00. In terms of 52-week highs and lows, RMBS has a high of $73.38 and a low of $39.60.
As of this writing, RMBS has an earnings estimate of $RumbleOn, Inc. per share for the current quarter. EPS was calculated based on a consensus of Rambus, Inc. estimates, with a high estimate of $Vanguard Mortgage-Backed Securi per share and a lower estimate of $AMARANTUS BIOSCIENCE HLDGS INC.
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. RMBS’s latest balance sheet shows that the firm has $485.61M in Cash & Short Term Investments as of fiscal 2021. There were $198.78M in debt and $267.27M in liabilities at the time. Its Book Value Per Share was $8.89, while its Total Shareholder’s Equity was $862.40M.
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 RMBS is Buy with a score of 5.00.
