Radnet Inc Stock Buy Hold or Sell Recommendation
| RDNT Stock | USD 47.65 1.13 2.43% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding RadNet Inc is 'Strong Buy'. Macroaxis provides RadNet buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RadNet positions. The advice algorithm takes into account all of RadNet's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting RadNet's buy or sell advice are summarized below:
Real Value 46.15 | Target Price 39 | Hype Value 48.09 | Market Value 47.65 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell RadNet Inc given historical horizon and risk tolerance towards RadNet. When Macroaxis issues a 'buy' or 'sell' recommendation for RadNet Inc, the advice is generated through an automated system that utilizes algorithms and statistical models.
RadNet |
Execute RadNet Buy or Sell Advice
The RadNet recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on RadNet Inc. Macroaxis does not own or have any residual interests in RadNet Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute RadNet's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
RadNet Trading Alerts and Improvement Suggestions
| The company currently holds 1.49 B in liabilities with Debt to Equity (D/E) ratio of 3.2, implying the company greatly relies on financing operations through barrowing. RadNet Inc has a current ratio of 0.77, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist RadNet until it has trouble settling it off, either with new capital or with free cash flow. So, RadNet's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like RadNet Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for RadNet to invest in growth at high rates of return. When we think about RadNet's use of debt, we should always consider it together with cash and equity. | |
| Over 76.0% of RadNet shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Howard Berger of 77976 shares of RadNet at 18.64 subject to Rule 16b-3 |
RadNet Returns Distribution Density
The distribution of RadNet's historical returns is an attempt to chart the uncertainty of RadNet's future price movements. The chart of the probability distribution of RadNet daily returns describes the distribution of returns around its average expected value. We use RadNet Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of RadNet returns is essential to provide solid investment advice for RadNet.
| Mean Return | 0.41 | Value At Risk | -2.58 | Potential Upside | 3.76 | Standard Deviation | 2.85 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of RadNet historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
RadNet Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as RadNet is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading RadNet Inc backward and forwards among themselves. RadNet's institutional investor refers to the entity that pools money to purchase RadNet's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Principal Financial Group Inc | 2023-12-31 | 1.3 M | American Century Companies Inc | 2023-12-31 | 1.2 M | Hood River Capital Management Llc | 2023-12-31 | 993.9 K | Punch & Associates Inv Mgmt Inc | 2023-12-31 | 939.3 K | Global Alpha Capital Management Ltd. | 2023-12-31 | 878.1 K | Millennium Management Llc | 2023-12-31 | 738.8 K | Wellington Management Company Llp | 2023-12-31 | 727.2 K | Alyeska Investment Group, L.p. | 2023-09-30 | 722.9 K | Loomis, Sayles & Company Lp | 2023-12-31 | 706 K | Blackrock Inc | 2023-12-31 | 8.9 M | Vanguard Group Inc | 2023-12-31 | 4.3 M |
RadNet Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 29.8M | 61.9M | 32.6M | (6.8M) | 214.7M | 225.5M | |
| Free Cash Flow | 3.0M | 108.3M | (71.2M) | (103.0M) | 44.3M | 46.5M | |
| Depreciation | 147.4M | 154.7M | 170.7M | 184.7M | 189.5M | 199.0M | |
| Other Non Cash Items | 690K | 4.7M | 22.9M | (50.3M) | 41.8M | 43.9M | |
| Capital Expenditures | 101.3M | 125.4M | 220.7M | 249.4M | 176.6M | 185.4M | |
| Net Income | 23.4M | (1.7M) | 44.3M | 33.6M | 3.0M | 2.9M | |
| End Period Cash Flow | 40.2M | 102.0M | 134.6M | 127.8M | 342.6M | 359.7M | |
| Change To Netincome | 4.4M | 34.6M | 43.0M | (6.2M) | (7.2M) | (6.8M) | |
| Change To Inventory | (10.9M) | (17.3M) | (45.1M) | (87.7M) | (78.9M) | (75.0M) | |
| Investments | (4.2M) | 678K | (126.2M) | (1.4M) | (276.7M) | (262.9M) | |
| Change Receivables | (17.5M) | 25.2M | (5.9M) | (30.1M) | (34.6M) | (32.9M) | |
| Net Borrowings | 21.9M | (42.8M) | 94.5M | 94.2M | 108.4M | 113.8M | |
| Dividends Paid | 1.5M | 1.4M | 1.6M | 6.3M | 5.6M | 2.9M |
RadNet Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to RadNet or Health Care Providers & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that RadNet's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a RadNet stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.27 | |
β | Beta against NYSE Composite | 1.73 | |
σ | Overall volatility | 2.93 | |
Ir | Information ratio | 0.12 |
RadNet Volatility Alert
RadNet Inc has relatively low volatility with skewness of 3.22 and kurtosis of 17.55. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure RadNet's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact RadNet's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.RadNet Fundamentals Vs Peers
Comparing RadNet's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze RadNet's direct or indirect competition across all of the common fundamentals between RadNet and the related equities. This way, we can detect undervalued stocks with similar characteristics as RadNet or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of RadNet's fundamental indicators could also be used in its relative valuation, which is a method of valuing RadNet by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare RadNet to competition |
| Fundamentals | RadNet | Peer Average |
| Return On Equity | 0.0465 | -0.31 |
| Return On Asset | 0.0237 | -0.14 |
| Profit Margin | 0 % | (1.27) % |
| Operating Margin | 0.07 % | (5.51) % |
| Current Valuation | 4.52 B | 16.62 B |
| Shares Outstanding | 73.71 M | 571.82 M |
| Shares Owned By Insiders | 11.45 % | 10.09 % |
| Shares Owned By Institutions | 75.89 % | 39.21 % |
| Number Of Shares Shorted | 2.96 M | 4.71 M |
| Price To Earning | 55.56 X | 28.72 X |
| Price To Book | 5.67 X | 9.51 X |
| Price To Sales | 2.21 X | 11.42 X |
| Revenue | 1.62 B | 9.43 B |
| Gross Profit | 288.77 M | 27.38 B |
| EBITDA | 282.49 M | 3.9 B |
| Net Income | 3.04 M | 570.98 M |
| Cash And Equivalents | 99.17 M | 2.7 B |
| Cash Per Share | 1.73 X | 5.01 X |
| Total Debt | 1.49 B | 5.32 B |
| Debt To Equity | 3.20 % | 48.70 % |
| Current Ratio | 0.79 X | 2.16 X |
| Book Value Per Share | 9.28 X | 1.93 K |
| Cash Flow From Operations | 220.86 M | 971.22 M |
| Short Ratio | 3.30 X | 4.00 X |
| Earnings Per Share | 0.05 X | 3.12 X |
| Price To Earnings To Growth | 2.32 X | 4.89 X |
| Target Price | 53.33 | |
| Number Of Employees | 7.87 K | 18.84 K |
| Beta | 1.71 | -0.15 |
| Market Capitalization | 3.43 B | 19.03 B |
| Total Asset | 2.89 B | 29.47 B |
| Retained Earnings | (79.58 M) | 9.33 B |
| Working Capital | 141.82 M | 1.48 B |
Note: Acquisition by Howard Berger of 77976 shares of RadNet at 18.64 subject to Rule 16b-3 [view details]
RadNet Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as RadNet . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 8274.82 | |||
| Daily Balance Of Power | 1.036697 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 47.42 | |||
| Day Typical Price | 47.49 | |||
| Price Action Indicator | 0.8 | |||
| Period Momentum Indicator | 1.13 |
About RadNet Buy or Sell Advice
When is the right time to buy or sell RadNet Inc? Buying financial instruments such as RadNet Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.4B | 1.5B | 1.5B | 1.6B | Total Assets | 2.1B | 2.4B | 2.9B | 3.0B |
Use Investing Ideas to Build Portfolios
In addition to having RadNet in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Plastics
Companies manufacturing rubber and plastics accessories. The Plastics theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Plastics Theme or any other thematic opportunities.
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Check out RadNet Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for RadNet Stock analysis
When running RadNet's price analysis, check to measure RadNet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy RadNet is operating at the current time. Most of RadNet's value examination focuses on studying past and present price action to predict the probability of RadNet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RadNet's price. Additionally, you may evaluate how the addition of RadNet to your portfolios can decrease your overall portfolio volatility.
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Is RadNet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of RadNet. If investors know RadNet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about RadNet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 24 | Earnings Share 0.05 | Revenue Per Share 25.427 | Quarterly Revenue Growth 0.095 | Return On Assets 0.0237 |
The market value of RadNet Inc is measured differently than its book value, which is the value of RadNet that is recorded on the company's balance sheet. Investors also form their own opinion of RadNet's value that differs from its market value or its book value, called intrinsic value, which is RadNet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RadNet's market value can be influenced by many factors that don't directly affect RadNet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RadNet's value and its price as these two are different measures arrived at by different means. Investors typically determine if RadNet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RadNet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.