With 2.49 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.28 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $35.79 whereas the lowest price it dropped to was $33.73. The 52-week range on RNG shows that it touched its highest point at $42.19 and its lowest point at $26.98 during that stretch. It currently has a 1-year price target of $42.00. Beta for the stock currently stands at 1.02.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RNG was down-trending over the past week, with a drop of -4.03%, but this was down by -11.61% over a month. Three-month performance surged to 13.09% while six-month performance rose 22.37%. The stock gained 9.63% in the past year, while it has lost -2.80% so far this year. A look at the trailing 12-month EPS for RNG yields -1.05 with Next year EPS estimates of 4.21. For the next quarter, that number is 0.97. This implies an EPS growth rate of 14.29% for this year and 13.95% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -39.50%.
Float and Shares Shorts:
At present, 80.51 million RNG shares are outstanding with a float of 78.30 million shares on hand for trading. On 2024-12-13, short shares totaled 4.8 million, which was 533.0 higher than short shares on 1731628800. In addition to Mr. Vladimir G. Shmunis as the firm’s Co-Founder, CEO & Executive Chairman, Mr. John H. Marlow J.D. serves as its Chief Administrative Officer, SVP of Corporate Development & General Counsel and Secretary.
Institutional Ownership:
Through their ownership of 1.01913 of RNG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, RNG reported revenue of $608765000.0 and operating income of $3291000.0. The EBITDA in the recently reported quarter was $58947000.0 and diluted EPS was -$0.09.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RNG since 14 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RNG analysts setting a high price target of 55.0 and a low target of 37.0, the average target price over the next 12 months is 43.10526. Based on these targets, RNG could surge 61.62% to reach the target high and rise by 8.73% to reach the target low. Reaching the average price target will result in a growth of 26.67% from current levels.
Analysts have provided yearly estimates in a range of $3.82332 being high and $3.47175 being low. For RNG, this leads to a yearly average estimate of $3.69148.
