Reading International B Stock Today

RDIB Stock  USD 14.50  0.50  3.57%   

Performance

0 of 100

 
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Odds Of Distress

Less than 48

 
High
 
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About Average
Reading International is trading at 14.50 as of the 23rd of July 2024, a 3.57 percent increase since the beginning of the trading day. The stock's open price was 14.0. Reading International has 48 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 B are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of June 2024 and ending today, the 23rd of July 2024. Click here to learn more.
Business Domain
Media & Entertainment
IPO Date
5th of January 2000
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 1.68 M outstanding shares of which 4.29 K shares are at this time shorted by private and institutional investors with about 1.82 trading days to cover. More on Reading International B

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Reading Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEOEllen Cotter
Business ConcentrationMovies & Entertainment, Media & Entertainment, Communication Services, NASDAQ Composite, NASDAQ Composite Total, Communication Services, Entertainment, Entertainment, Communication Services (View all Sectors)
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.250.3818
Way Down
Slightly volatile
Net Debt423.5 M403.3 M
Sufficiently Up
Slightly volatile
Total Current Liabilities120.7 M127.1 M
Notably Down
Slightly volatile
Non Current Liabilities Total444.5 M423.3 M
Sufficiently Up
Slightly volatile
Total Assets1.1 B583.4 M
Way Up
Pretty Stable
Total Current Assets36.8 M38.7 M
Notably Down
Slightly volatile
Debt Levels
Reading International can leverage 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.
Liquidity
Reading International B currently holds 418.77 M in liabilities with Debt to Equity (D/E) ratio of 5.62, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Reading International has a current ratio of 0.48, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Reading International's use of debt, we should always consider it together with its cash and equity.

Change In Cash

(18.56 Million)
Reading International B (RDIB) 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 current market capitalization of 53.19 M. Reading International conducts business under Entertainment sector and is part of Communication Services industry. The entity has 1.68 M outstanding shares of which 4.29 K shares are at this time shorted by private and institutional investors with about 1.82 trading days to cover. Reading International B currently holds 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.
Check Reading International Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Reading International is $53.19 Million. Reading International holds majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 82.19 pct. of Reading International outstanding shares that are owned by insiders implies they have been buying or selling the stock in recent months in anticipation of some upcoming event. Note, that even with negative profits, if the true value of the company is larger than the current market value, you may still be able to generate positive returns on investment in this company.
Check Reading Ownership Details

Reading Stock Institutional Holders

InstituionRecorded OnShares
Teton Advisors Inc2024-03-31
74.4 K
Jane Street Group, Llc2023-12-31
25 K
Dimensional Fund Advisors, Inc.2024-03-31
24.8 K
Geode Capital Management, Llc2024-03-31
15.5 K
Gamco Investors, Inc. Et Al2024-03-31
15 K
Gabelli Funds Llc2024-03-31
12.2 K
Susquehanna International Group, Llp2024-03-31
10.3 K
Tower Research Capital Llc2024-03-31
6.4 K
Ubs Group Ag2024-03-31
92.0
Wells Fargo & Co2024-03-31
5.0
Jpmorgan Chase & Co2024-03-31
1.0
View Reading International Diagnostics

Reading International Historical Income Statement

At present, Reading International's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 27.7 M, whereas Total Revenue is forecasted to decline to about 162.8 M. View More Fundamentals

Reading Stock Against Markets

Reading International Corporate Executives

Elected by the shareholders, the Reading International's board of directors comprises two types of representatives: Reading International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reading. The board's role is to monitor Reading International's management team and ensure that shareholders' interests are well served. Reading International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Reading International's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gilbert AvanesInterim CFO and TreasurerProfile

Additional Information and Resources on Investing in Reading Stock

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 B Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Reading International B Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reading International B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Reading Stock refer to our How to Trade Reading Stock guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Movies & Entertainment space 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
(1.47)
Revenue Per Share
9.963
Quarterly Revenue Growth
(0.02)
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.