Rambus Inc (NASDAQ: RMBS) has reported E.P.S. of $0.33 for its second fiscal quarter (ending June 30) versus $1.55 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.13 compared to $1.75 a year ago.
Recent Price Action
Rambus Inc (NASDAQ: RMBS) stock closed at $55.83 on 7/29/24 after a large decline of -5.4%. Moreover, unusually high trading volume at 167% of normal accompanied the decline. The stock has declined -3.7% during the last week and has been weak relative to the market over the last nine months.
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 Power Rating of 19 and a poor Appreciation Score of 17, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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