What Are The Chances Of Rambus Inc. (NASDAQ: RMBS) Becoming A Clear Buy?

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. The stock was recently discussed on Yahoo Finance as it revealed that Rambus Initiates Accelerated Share Repurchase Program.

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Stocks Info

The company is listed on the NASDAQ and operates within the Semiconductors industry segment. The current market capitalization of Rambus Inc. is $6.88B. A total of 1.18 million shares were traded on the day, compared to an average of 1.65M shares.

In the most recent transaction, Seraphin Luc sold 15,000 shares of RMBS for 58.35 per share on Mar 19 ’24. After the transaction, the President and CEO now owns 274,755 company shares. In a previous transaction on Mar 19 ’24, Shinn John sold 3,949 shares at 58.84 per share. RMBS shares that SVP, General Counsel owns now total 20,610.

Among the insiders who sold shares, Seraphin Luc disposed of 15,000 shares on Mar 12 ’24 at a per-share price of $62.69. This resulted in the President and CEO holding 289,755 shares of RMBS after the transaction. In another insider transaction, Shinn John sold 3,889 shares at $62.68 per share on Mar 12 ’24. Company shares held by the SVP, General Counsel now total 24,559.

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. In terms of 52-week highs and lows, RMBS has a high of $76.38 and a low of $43.19.

As of this writing, RMBS has an earnings estimate of $0.44 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.44 per share and a lower estimate of $0.44. The company reported an EPS of $0.43 in the last quarter, which was 4.90% higher than expectations of $0.41.

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. 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 $9.63, while its Total Shareholder’s Equity was $862.40M.

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 RMBS is Buy with a score of 5.00.

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