Rambus Inc. (NASDAQ:RMBS) went up by 0.97% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Semiconductors giant went up by $15.10 to trade ended Friday trading at $14.96. This is up from the $14.96 price recorded on Thursday’s trading session. Thanks to this latest performance, RMBS is closer to the higher price 52-week target of $19.00 and further from the lowest price target of $16.00. Its performance from the start of the year has also been positive, with RMBS up by 9.66% year-to-date.
Rambus Inc. (RMBS) started the day trading at $15.08 and recorded an intraday high of $15.88. It also recorded an intraday low of $15.03 during Friday’s trading session. Rambus Inc. is a very active stock that recorded a trading volume that is more than 69.75% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 2800269, which is more than 69.75 of the total average daily trading volume of 846.97K.
Rambus Inc. (NASDAQ:RMBS) 2020 Performance Impressive
The increase in RMBS’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of RMBS currently stands at $16.98, which is higher than the current trading price of the stock by 11.07%. However, RMBS’s current trading price is -67.59% lower than the 52-week low price of $9.01. In terms of trading volume, Rambus Inc. currently experienced healthy participation during the last trading session. 2800269 shares of Rambus Inc. were traded on the stock exchange on Friday, which is more than 69.75% of the 846.97K average trading volume of the stock.
The performance of the stock has been positive over the past year. RMBS’s performance over the past one year has seen it surge by 27.90%, while the stock has gone up by 10.86% in the last six months. The quarterly performance of RMBS currently stands at 54.29%, and it is down by -4.67% in the last month. The only positive figure was from the weekly performance, which currently reads 2.20%. At the time of writing RMBS’s report, the company has a total market cap of $1.69B, making it one of the largest publicly-traded companies in the world.Rambus Inc. also has over 685 employees all over the world.
RMBS Insider Activities
For Rambus Inc., insiders hold 85.30% of all company shares. The insider transactions over the past six months are up by 29.00%. During that period, insiders bought 388,527 shares in 24 transactions. In that same period, insiders sold 202,907 of their shares in 17 transactions. After these transactions, insiders at Rambus Inc. now hold 1.13M shares, which is over 84.90% of the total company stocks. Institutional investors currently hold a large chunk of the RMBS shares, as they control 1.00% of the company’s total stock.
RMBS Fundamental Analysis
For Rambus Inc., the stock’s diluted earnings per share (EPS) stands at -0.65. In the coming year, analysts expect the EPS to be 1.05. The EPS growth will up over the next five years to 10.02% after plunging by -41.40% in the previous five years. In terms of revenue, Rambus Inc.’s quarterly sales (YOY) is growing at 0.25, which is higher than the average annual revenue of -41.40% over the past half a decade.
The Return on Investment (ROI) on Rambus Inc.’s stock currently stands at -9.60%, and it has a net profit margin of -30.00%. The operating margin of the company is -35.10%, and its gross margin is 76.60%.
RMBS Analysts Prediction
Another analyst that has a Buy rating for RMBS is The Benchmark Company, which set a price target of between $16 and $18. The Benchmark Company reiterate their Buy position on the stock ($16 and $18)
Loop Capital and Wunderlich also believe that Rambus Inc.’s stock is outperforming at the moment.
RMBS Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of RMBS currently stands at -2.57%, while the SMA50 is 6.15%. The biggest one is the SMA200, which is currently reading 10.34% ahead of Friday’s trading session. The Relative Strength Index of this stock is 52.11.