RadNet Inc (NASDAQ: RDNT) has reported a loss for its first fiscal quarter (ending March 31) of $-0.04 versus a loss $-0.36 for the same period a year ago. This result fell short of the consensus estimate of $0.11 by $-0.15. For the latest four quarters through March 31, E.P.S. were $0.33 compared to $-0.23 a year ago.
Recent Price Action
RadNet Inc (NASDAQ: RDNT) stock closed at $50.63 on 5/8/24 after a decline of -3.5%. Trading volume in this decline was normal. The stock has risen 4.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RDNT is expected to be a modest Value Builder.
RadNet has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. RadNet has a poor Appreciation Score of 16 but a very high Power Rating of 95, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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