The Rite Aid Corporation (NYSE:RAD) is going down by -5.31% in today’s trading session, a fall equivalent to -0.3% of the stock’s price from yesterday’s market close. A news came out on 08/16/19 stating that J.C. Penney, Viacom, General Electric: Stocks That Defined the Week by WSJ. The lowest point that the shares touched during the trading session was $5.55, while the peak of the day was recorded at a share price of $5.7935. RAD finished the previous session at $5.65 according to the data provided by Barchart, while the trading volume was observed to be $1,197,802.
In the 100 days of trading, RAD managed to top a 7.99% Moving average. Additionally, Rite Aid Corporation shares have achieved a 52-week range between 5.21 and 29.80 alongside 100 days raw stochastic set at 3.03%.
The number of shares outstanding, according to the fundamentals of the company, is set at 52.98M, equal to the value of $299.31M in market capitalization. Financial analysts indicate that RAD shares should be still ranked as a “Underperform”. In the last 30 days, Rite Aid Corporation shares went down by -27.95%, adding 7.49 to growth in value, on top of a +3.58% boost since 07/23/19.
Rite Aid Corporation (NYSE:RAD) Analyst’s Estimates
Rite Aid Corporation (RAD) could record at least $0.06 per share in quarterly earnings in the upcoming report on 09/19/2019, a number that would actually represent a decrease of -3900.00% YOY.
According to the average analyst rating, Rite Aid Corporation would be rated as 4.00. Out of 4 different analysts monitoring RAD stock, 0 analysts rate the stock as a BUY, 1 suggest to give the rating of HOLD, 0 indicate that RAD is an OUTPERFORM, 1 rated the stock as a SELL, and 2 analyst believes that the stock should be rated as UNDERPERFORM.
On Apr-18-19, the stock earned a Resumed rating due to a new analyst call from Guggenheim, while analysts from Goldman believe that the stock is set at Sell, as concluded on Sep-06-18. Evercore ISI, is still rather wary about the stock, deciding to keep the rating at Underperform as confirmed through a call on Jan-05-18.
Regardless of the rating, Deutsche Bank did increase their price to $2.25 as they are considering target share price analysis. Mizuho, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Oct-06-17, giving the stock a Neutral rating.
RAD Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +21.61% has been attained, while the operating margin has been recorded at +0.39%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -8.04%. Beta value of the stock is recorded at 1.75. Additionally, Rite Aid Corporation is recording price volatility of 6.71% for the period of the last seven days and 7.09% in the last 30 days.
Rite Aid Corporation (NYSE:RAD) Technical Outlook
For the period of the last 50 days, Rite Aid Corporation had its Raw Stochastic average set at 3.93% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 8.18%. Stochastic %K for Rite Aid Corporation, with the last 20 days included, was set at 14.72%, having Stochastic %D topping 17.53%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Rite Aid Corporation stocks with recording -80.38% in metrics.
Rite Aid Corporation Insider Watch:
As far as the position of shares issued by Rite Aid Corporation (NYSE:RAD) for the period concluded at the market close of 08/22/19, 94 institutional investors increased their positions in RAD shares by 11,499,772, 153 decreased positions by 9,816,272 and 49 institutional investors decided to hold positions at 11,892,586. These numbers put the complete list of institutional holdings set at 33,208,630 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 39 institutional investments with 3,068,272 new shares in addition to having 104 institutional investors selling their positions in 3,460,053 shares.