R1 RCM Inc. (RCM): A Case For Going Higher

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.

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Stocks Info

This NASDAQ-listed company operates within the Health Information Services industry segment, falling under the Healthcare sector. The current market capitalization of R1 RCM Inc. is $5.19B. A total of 2.06 million shares were traded on the day, compared to an average of 3.43M shares.

In the most recent transaction, SPARBY JOHN M. sold 10,046 shares of RCM for 14.33 per share on Mar 07 ’24. After the transaction, the President now owns 0 company shares. In a previous transaction on Aug 08 ’23, HENNEMAN JOHN B III sold 50,000 shares at 17.17 per share. RCM shares that Director owns now total 72,114.

Among the insiders who sold shares, Evans Richard B. Jr. disposed of 17,000 shares on Jun 12 ’23 at a per-share price of $16.84. This resulted in the Principal Accounting Officer holding 124,007 shares of RCM after the transaction. In another insider transaction, Evans Richard B. Jr. sold 12,000 shares at $16.69 per share on Jun 09 ’23. Company shares held by the Principal Accounting Officer now total 141,007.

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. In terms of 52-week highs and lows, RCM has a high of $18.70 and a low of $8.87.

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. RCM’s latest balance sheet shows that the firm has $130.10M in Cash & Short Term Investments as of fiscal 2021. There were $847.60M in debt and $253.00M in liabilities at the time. Its Book Value Per Share was $6.55, while its Total Shareholder’s Equity was $336.70M.

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 RCM is Buy with a score of 4.29.

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