Rambus Inc (NASDAQ: RMBS) has reported earnings for its third fiscal quarter (ending September 30) of $0.45 versus $0.95 for the same period a year ago — a decline of -53%. E.P.S. were $1.63 for the latest four quarters through September 30 versus $2.69 for the same period a year ago — a decline of -39%.
Recent Price Action
On 10/28/24, Rambus Inc (NASDAQ: RMBS) stock enjoyed a large increase of 3.0%, closing at $44.80. NORMAL trading volume accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 8.8% during the last week.
Current PriceTarget Research Rating
RMBS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Rambus has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Rambus has a poor Appreciation Score of 28 and a poor Power Rating of 27, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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