Radius Global Infrastructure, Inc. (NASDAQ:RADI) price closed lower on Friday, May 14, sinking -1.17% below its previous close.
A look at the daily price movement shows that the last close reads $13.66, with intraday deals fluctuated between $13.45 and $14.07. The company’s 5Y monthly beta was ticking 0 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $15.99 and 52-week low of $6.57. The stock lost -12.05% on its value in the past month.
Radius Global Infrastructure, Inc., which has a market valuation of $836.05 Million, is expected to release its quarterly earnings report in Jun 2021. The company stock has a Forward Dividend ratio of 0, while the dividend yield is 0. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking RADI have forecast the quarterly EPS to grow by -$0.29 per share this quarter, while the same analysts predict the annual EPS to hit -$1.07 for the year 2021 and up to -$1 for 2022. In this case, analysts estimate an annual EPS growth of -0.66% for the year and -0.07% for the next year.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 3 analysts have assigned RADI a recommendation rating as follows: None rate it as a Hold; 2 advise Buy while 1 analyst(s) assign an Outperform rating. None analyst(s) have tagged the Radius Global Infrastructure, Inc. (RADI) stock as Underperform, with none recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0. The overview shows that RADI’s price is at present -8.73% off the SMA20 and -3.23% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 31.06, with weekly volatility standing at 5.5%. The indicator drops to 3.76% when calculated based on the past 30 days. Radius Global Infrastructure, Inc. (NASDAQ:RADI)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.61. Considering analysts have assigned the stock a price target range of $18-$19 as the low and high respectively, we find the trailing 12-month average consensus price target to be $18.67. Based on this estimate, we see that current price is roughly 33.33% off the estimated low and 40.74% off the forecast high. Investors will no doubt be excited to see the share price rise to $19, which is the median consensus price, and at that level RADI would be +40.74% from current price.
An analysis of the Radius Global Infrastructure, Inc. (NASDAQ:RADI) stock in terms of its daily trading volume indicates that the 3-month average is 308.69 Million. However, this figure declines on the past 10-day timeline to an average of 223.57 Million.
Current records show that the company has 61.21 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 7.66% of outstanding shares while the percentage share held by institutions stands at 98.47%. The stats also highlight that short interest as of April 29, 2021, stood at 872.28 Million shares, which puts the short ratio at the time at 2.11. From this we can glean that short interest is 1.43% of company’s current outstanding shares. Notably, we see that shares short in April rose slightly given the previous month’s figure stood at 692.67 Million. But the +5.06% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
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