Radnet Inc Stock Today
| RDNT Stock | USD 47.80 0.09 0.19% |
Performance11 of 100
| Odds Of DistressLess than 3
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RadNet is selling for under 47.80 as of the 18th of April 2024; that is -0.19 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 47.56. RadNet has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for RadNet Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 1st of July 1986 | Category Healthcare | Classification Health Care |
RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company was founded in 1981 and is headquartered in Los Angeles, California. RadNet operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. The company has 73.71 M outstanding shares of which 2.96 M shares are at this time shorted by private and institutional investors with about 3.3 trading days to cover. More on RadNet Inc
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Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
RadNet 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. RadNet's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding RadNet or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President Chairman | Howard MD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Health Management (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Providers & Services, Health Care Equipment & Services, Health Care, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, NASDAQ Health Care, Health Management, Health Care, Health Care Providers & Services, Diagnostics & Research, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering RadNet report their recommendations after researching RadNet's financial statements, talking to executives and customers, or listening in on RadNet's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering RadNet Inc. The RadNet consensus assessment is calculated by taking the average forecast from all of the analysts covering RadNet. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to RadNet's liquidity, profitability, solvency, and operating efficiency, RadNet Inc is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of RadNet Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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RadNet's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to RadNet'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 RadNet's financial leverage. It provides some insight into what part of RadNet's total assets is financed by creditors.
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RadNet Inc (RDNT) is traded on NASDAQ Exchange in USA. It is located in 1510 Cotner Avenue, Los Angeles, CA, United States, 90025 and employs 7,872 people. RadNet is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.53 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate RadNet's market, we take the total number of its shares issued and multiply it by RadNet'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. RadNet Inc conducts business under Health Care Providers & Services sector and is part of Health Care industry. The entity has 73.71 M outstanding shares of which 2.96 M shares are at this time shorted by private and institutional investors with about 3.3 trading days to cover.
RadNet Inc currently holds about 99.17 M in cash with 220.86 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.73.
Check RadNet Probability Of Bankruptcy
Ownership AllocationRadNet owns a total of 73.71 Million outstanding shares. The majority of RadNet Inc outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in RadNet Inc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in RadNet. Please pay attention to any change in the institutional holdings of RadNet Inc as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check RadNet Ownership Details
RadNet Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of RadNet jumping above the current price in 90 days from now is about 14.51%. The RadNet Inc probability density function shows the probability of RadNet stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6755 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, RadNet will likely underperform. Additionally, radNet Inc has an alpha of 0.3716, implying that it can generate a 0.37 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of RadNet to move above the current price in 90 days from now is about 14.51 (This RadNet Inc probability density function shows the probability of RadNet Stock to fall within a particular range of prices over 90 days) .
RadNet Stock Institutional Holders
Institutional Holdings refers to the ownership stake in RadNet that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of RadNet'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 RadNet's value.| Instituion | Recorded On | 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 Historical Income Statement
RadNet Inc Income Statement is one of the three primary financial statements used for reporting RadNet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of RadNet Inc revenue and expense. RadNet Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, RadNet's Income Tax Expense is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 1.5 B in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (51.5 M). View More FundamentalsRadNet Stock Against Markets
Picking the right benchmark for RadNet 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 RadNet 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 RadNet is critical whether you are bullish or bearish towards RadNet Inc at a given time. Please also check how RadNet's historical prices are related to one of the top price index indicators.
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RadNet Corporate Directors
RadNet corporate directors refer to members of a RadNet board of directors. The board of directors generally takes responsibility for the RadNet'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 RadNet's board members must vote for the resolution. The RadNet board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Christine Gordon | Senior Director | Profile | |
| Michael Sherman | Independent Director | Profile | |
| Norman Hames | COO of Western Operations, Executive VP, Secretary and Director | Profile | |
| Lawrence Levitt | Independent Director | Profile |
How to buy RadNet Stock?
Before investing in RadNet, 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 RadNet. To buy RadNet stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of RadNet. 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 RadNet stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located RadNet Inc 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 RadNet Inc 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 RadNet Inc, 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 RadNet Stock please use our How to Invest in RadNet guide.
Already Invested in RadNet Inc?
The danger of trading RadNet Inc 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 RadNet 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 RadNet. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile RadNet Inc 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 RadNet Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if RadNet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Radnet Inc Stock. Highlighted below are key reports to facilitate an investment decision about Radnet Inc Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RadNet Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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.