KeyBanc maintained its R1 RCM [RCM] rating to the equivalent of Overweight but changed the price target to $26 from $24, in a research note dated 2021-01-06. That figure represents around a 12.85% premium from where the company’s shares closed on Tuesday. Some new analysts also started their coverage, with RBC Capital Mkts’s analysts assigning the shares to “an Outperform” rating in a research note to investors issued in late April. Meanwhile, SVB Leerink had launched its coverage on RCM with “Mkt perform”, in a research note produced for clients April 13, 2020. In addition, there was no change from Dougherty & Company on January 14, 2020. The rater maintained RCM to “a Buy” but assigned new target price of $15.50.
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Is R1 RCM Inc. [NASDAQ:RCM] a Good Buy Right Now?
It should be noted that RCM technical indicators for short, intermediate as well as long term progress have placed an overall average of 96% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from R1 RCM Inc.’s Trend Spotter indicated that the signals were Bullish. The stock current average is 0.83 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.86 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.26 million shares.
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RCM Price Performance
On Wall Street, R1 RCM Inc. [NASDAQ:RCM] finished Tuesday’s session down -1.92% at $23.04. The stock went up to $23.73 at the same session while its lowest single day price was $23.02. In the last five days, it saw a fall of about -3.72%, R1 RCM Inc. shares dropped by almost -4.08% since the beginning of the year. However, the share price has dropped to as low as -5.30% below its one year high. On 01/04/21, the company shares recorded $24.32, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $23.02. The company’s shares have inclined by 84.32% in the past year. The 50-day SMA achieved is $20.80 while the 200-day SMA is $14.83. Volume dropped to 0.98 million from 1.0 million in the previous session.
R1 RCM Inc. [RCM] Valuation Measures
Notably, R1 RCM Inc. [RCM] stock cannot be classified as a good candidate in the listing of underestimated low-priced Health Information Services companies to purchase soonest possible with the prevailing 12-month PE ratio of 264.83. The measure means the stock is exchanging at a premium as compared to the 30.31x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.15 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 2.23 which means RCM serve an unattractive investment opportunity compared to its competitors.
RCM Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 22.80 level, and in case of violation of this particular level, it will cause more drop to 22.55 level. On the upper level, 23.97 is still the key resistance. The stock may increase to the subsequent resistance at 23.51. The Relative Strength Index (RSI) pinned on the 14-day chart is 60.21, implying a neutral technical stance while the MACD stands at 0.22, meaning price will decrease in the next trading period. Percent R indicator moved to 50.96%, implying low price movement. Stochastic %K at 69.23% suggest selling the stock.
What is the short interest in R1 RCM Inc.?
Short interest in the R1 RCM Inc. stock has plunged, decreasing by -0.48 million shares to total 4.27 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 3.79 million, data from Yahoo Finance shows. The increase of 11.24% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 3.71% of the overall float for the stock.
R1 RCM Inc.’s Biggest Shareholders: Who Owns R1 RCM Inc. [RCM]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 15,179,969 shares or roughly 13.01% of the outstanding RCM shares. This means their shares have increased by 8,420,569 from the 15,179,969 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $126,953,064. Details in the latest 13F filings reveal that Wellington Management Co. LLP disposed off their -9.25% stake valued at $104,856,036 while Paradigm Capital Management, Inc. cut theirs at $83,328,492. During the last quarter, Wellington Management Co. LLP liquidated -527,282 of its shares in R1 RCM Inc. while Paradigm Capital Management, Inc. sold -386,800 shares. The SSgA Funds Management, Inc.’s holdings currently number 3,333,700 shares at $76808448.0. According to the firm’s last 13F report, Eaton Vance Management shares in the company at filing stood at 2,848,765 shares, roughly $57,772,954.
RCM Earnings Forecast For The Current Quarter
R1 RCM Inc. [RCM] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $315.05M and an earnings per share of $0.06 for Dec 2020. Looking further ahead, the company is expected to report revenue of $337.47M at an EPS of $0.1 for Mar 2021. The estimates represent upside of 16.00% and 545.36% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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RCM Earnings Estimates For The Current Year
For the financial year, R1 RCM Inc. [NASDAQ:RCM] is expected to bring in revenue of $1.26B. The returns are nearly $70.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.1, higher than that of FY19 by $0.18. Estimates put this year’s earnings growth at 225.00%, 530.00% for the next, and at an annual 25.00% over the next 5-year period. As for sales, forecasts are for an increase of 6.00% in the current fiscal year and a further 16.00% over the following year.
