Reading International Stock Today
| RDI Stock | USD 1.83 0.10 5.78% |
Performance0 of 100
| Odds Of DistressLess than 45
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Reading International is trading at 1.83 as of the 15th of April 2024. This is a 5.78 percent increase since the beginning of the trading day. The stock's open price was 1.73. Reading International has 45 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Reading International are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of March 2024 and ending today, the 15th of April 2024. Click here to learn more.
Business Domain Media & Entertainment | IPO Date 17th of March 1992 | Category Communication Services |
Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. Reading International, Inc. was incorporated in 1999 and is headquartered in New York, New York. The company has 20.68 M outstanding shares of which 91.58 K shares are at this time shorted by investors with about 5.78 days to cover. More on Reading International
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Follow Valuation Options Odds of Bankruptcy
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Reading Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Reading International's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Reading International or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Ellen Cotter | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Entertainment (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [RDI REIT P.L.C, Rockwell Diamonds Inc.] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Movies & Entertainment, Media & Entertainment, Communication Services, NASDAQ Composite, Entertainment, Communication Services, Entertainment, Entertainment, Communication Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Reading International report their recommendations after researching Reading International's financial statements, talking to executives and customers, or listening in on Reading International's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Reading International. The Reading consensus assessment is calculated by taking the average forecast from all of the analysts covering Reading International. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Reading International's profitability, liquidity, and operating efficiency, Reading International is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Reading International is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Reading International's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Reading International's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Reading International's financial leverage. It provides some insight into what part of Reading International's total assets is financed by creditors.
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Reading International (RDI) is traded on NASDAQ Exchange in USA. It is located in 189 Second Avenue, New York, NY, United States, 10003 and employs 2,025 people. Reading International is listed under Movies & Entertainment category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a total capitalization of 60.86 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Reading International's market, we take the total number of its shares issued and multiply it by Reading International's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Reading International runs under Entertainment sector within Communication Services industry. The entity has 20.68 M outstanding shares of which 91.58 K shares are at this time shorted by investors with about 5.78 days to cover.
Reading International has about 51.39 M in cash with (10.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.33, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Reading International Probability Of Bankruptcy
Ownership AllocationReading International has a total of 20.68 Million outstanding shares. Over half of Reading International's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Reading International. Please watch out for any change in the institutional holdings of Reading International as this could mean something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Reading Ownership Details
Reading Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Reading International jumping above the current price in 90 days from now is about 72.39%. The Reading International probability density function shows the probability of Reading International stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Reading International has a beta of 0.1323 indicating as returns on the market go up, Reading International average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Reading International will be expected to be much smaller as well. Additionally, reading International has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Reading International to move above the current price in 90 days from now is about 72.39 (This Reading International probability density function shows the probability of Reading Stock to fall within a particular range of prices over 90 days) .
Reading Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Reading International that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Reading International's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Reading International's value.| Instituion | Recorded On | Shares | |
| Blackrock Inc | 2023-12-31 | 90.6 K | |
| Susquehanna International Group, Llp | 2023-12-31 | 64.2 K | |
| Northern Trust Corp | 2023-12-31 | 51.5 K | |
| Gabelli Funds Llc | 2023-12-31 | 46 K | |
| Keller Group Invmt Management Inc | 2023-12-31 | 45.7 K | |
| State Street Corporation | 2023-12-31 | 44.1 K | |
| Elkhorn Partners Limited Partnership | 2023-12-31 | 42.5 K | |
| Citadel Advisors Llc | 2023-09-30 | 17.6 K | |
| Logan Stone Capital, Llc | 2023-09-30 | 17.6 K | |
| Nantahala Capital Management, Llc | 2023-12-31 | 6.8 M | |
| Krilogy Advisors Llc | 2023-12-31 | 1.9 M |
Reading International Historical Income Statement
Reading International Income Statement is one of the three primary financial statements used for reporting Reading's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Reading International revenue and expense. Reading International Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Reading International's Minority Interest is increasing as compared to previous years. The Reading International's current Net Income Applicable To Common Shares is estimated to increase to about 30.2 M, while Total Revenue is projected to decrease to under 163.6 M. View More FundamentalsReading Stock Against Markets
Picking the right benchmark for Reading International stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Reading International stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Reading International is critical whether you are bullish or bearish towards Reading International at a given time. Please also check how Reading International's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Reading International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Reading International Corporate Directors
Reading International corporate directors refer to members of a Reading International board of directors. The board of directors generally takes responsibility for the Reading International's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Reading International's board members must vote for the resolution. The Reading International board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Michael Wrotniak | Director | Profile | |
| Douglas McEachern | Independent Director | Profile | |
| Matthew Bourke | Managing Director - Real Estate, Australia and New Zealand | Profile | |
| Wayne Smith | Managing Director of Australia and New Zealand | Profile |
How to buy Reading Stock?
Before investing in Reading International, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Reading International. To buy Reading International stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Reading International. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Reading International stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Reading International stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Reading International stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Reading International, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Reading Stock please use our How to Invest in Reading International guide.
Already Invested in Reading International?
The danger of trading Reading International is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Reading International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Reading International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Reading International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Reading International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Reading International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Reading International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Reading International Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reading International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more detail on how to invest in Reading Stock please use our How to Invest in Reading International guide.Note that the Reading International information on this page should be used as a complementary analysis to other Reading International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Reading Stock analysis
When running Reading International's price analysis, check to measure Reading International'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 Reading International is operating at the current time. Most of Reading International's value examination focuses on studying past and present price action to predict the probability of Reading International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reading International's price. Additionally, you may evaluate how the addition of Reading International to your portfolios can decrease your overall portfolio volatility.
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Is Reading International'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 Reading International. If investors know Reading 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 Reading International 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 (0.29) | Earnings Share (1.38) | Revenue Per Share 10.023 | Quarterly Revenue Growth (0.04) | Return On Assets (0.01) |
The market value of Reading International is measured differently than its book value, which is the value of Reading that is recorded on the company's balance sheet. Investors also form their own opinion of Reading International's value that differs from its market value or its book value, called intrinsic value, which is Reading International'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 Reading International's market value can be influenced by many factors that don't directly affect Reading International'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 Reading International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reading International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reading International'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.