With 0.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.97 million shares. The 52-week range on RMBS shows that it touched its highest point at $69.15 and its lowest point at $37.42 during that stretch. It currently has a 1-year price target of $76.43. Beta for the stock currently stands at 1.23.
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 RMBS was down-trending over the past week, with a drop of -4.45%, but this was down by -5.85% over a month. Three-month performance surged to 15.05% while six-month performance rose 26.31%. The stock gained 6.84% in the past year, while it has gained 13.81% so far this year. A look at the trailing 12-month EPS for RMBS yields 1.66 with Next year EPS estimates of 2.85. For the next quarter, that number is 0.57. This implies an EPS growth rate of 39.62% for this year and 16.10% for next year.
Float and Shares Shorts:
At present, 106.58 million RMBS shares are outstanding with a float of 105.82 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RMBS since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.04548 being high and $1.93214 being low. For RMBS, this leads to a yearly average estimate of $1.9874. Based on analyst estimates, the high estimate for the next quarter is $0.64 and the low estimate is $0.46. The average estimate for the next quarter is thus $0.53.
