The stock of R1 RCM Inc. (NASDAQ:RCM) last traded at $12.27, down -4.44% from the previous session.
RCM stock price is now -4.95% away from the 50-day moving average and -4.23% away from the 200-day moving average. The market capitalization of the company currently stands at $5.16B.
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On March 20, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $16, while ‘Leerink Partners’ rates the stock as ‘Outperform’
In other news, SPARBY JOHN M., President sold 10,046 shares of the company’s stock on Mar 07 ’24. The stock was sold for $143,959 at an average price of $14.33. Upon completion of the transaction, the President now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’23, Director HENNEMAN JOHN B III sold 50,000 shares of the business’s stock. A total of $858,650 was realized by selling the stock at an average price of $17.17. This leaves the insider owning 72,114 shares of the company worth $0.88 million. A total of 64.12% of the company’s stock is owned by insiders.
During the past 12 months, R1 RCM Inc. has had a low of $8.87 and a high of $18.70. As of last week, the company has a debt-to-equity ratio of 0.85, a current ratio of 1.79, and a quick ratio of 1.79.
According to the Health Information Services Company, earnings per share came in at 0, inline with analysts’ expectations of 0. This compares to $0.00 EPS in the same period last year. The net profit margin was -1.44% and return on equity was -1.21% for RCM. The company reported revenue of $603.9 million for the quarter, compared to $545.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.69 percent. For the current quarter, analysts expect RCM to generate $615.59M in revenue.
