In the past week, RBA stock has gone up by 1.64%, with a monthly gain of 7.14% and a quarterly surge of 7.08%. The volatility ratio for the week is 2.44%, and the volatility levels for the last 30 days are 2.22% for RB Global Inc. The simple moving average for the past 20 days is 6.50% for RBA’s stock, with a 17.11% simple moving average for the past 200 days.
Is It Worth Investing in RB Global Inc (NYSE: RBA) Right Now?
The price-to-earnings ratio for RB Global Inc (NYSE: RBA) is 48.62x, which is above its average ratio. Moreover, the 36-month beta value for RBA is 0.91. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for RBA is 183.43M and currently, short sellers hold a 2.09% of that float. On June 18, 2024, RBA’s average trading volume was 869.32K shares.
RBA) stock’s latest price update
RB Global Inc (NYSE: RBA)’s stock price has soared by 0.52 in relation to previous closing price of 80.00. Nevertheless, the company has seen a gain of 1.64% in its stock price over the last five trading days. zacks.com reported 2024-06-14 that We have narrowed our search to five financial transaction stocks that have strong growth potential for 2024. These stocks are: ML, RBA, WU, GPN, ENV.
Analysts’ Opinion of RBA
Many brokerage firms have already submitted their reports for RBA stocks, with Raymond James repeating the rating for RBA by listing it as a “Outperform.” The predicted price for RBA in the upcoming period, according to Raymond James is $75 based on the research report published on July 20, 2023 of the previous year 2023.
National Bank Financial, on the other hand, stated in their research note that they expect to see RBA reach a price target of $61. The rating they have provided for RBA stocks is “Outperform” according to the report published on May 18th, 2023.
Scotiabank gave a rating of “Sector Outperform” to RBA, setting the target price at $65 in the report published on December 05th of the previous year.
RBA Trading at 8.28% from the 50-Day Moving Average
After a stumble in the market that brought RBA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.06% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares surge +7.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.67% upper at present.
During the last 5 trading sessions, RBA rose by +1.64%, which changed the moving average for the period of 200-days by +31.45% in comparison to the 20-day moving average, which settled at $75.78. In addition, RB Global Inc saw 20.23% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RBA starting from Watt Darren Jeffrey, who sale 3,637 shares at the price of $80.66 back on Jun 13 ’24. After this action, Watt Darren Jeffrey now owns 17,279 shares of RB Global Inc, valued at $293,365 using the latest closing price.
JETER JAMES J, the Chief Revenue Officer of RB Global Inc, sale 5,000 shares at $76.14 during a trade that took place back on May 24 ’24, which means that JETER JAMES J is holding 23,267 shares at $380,700 based on the most recent closing price.
Stock Fundamentals for RBA
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.42 for the gross margin
The net margin for RB Global Inc stands at 0.08. The total capital return value is set at 0.07. Equity return is now at value 6.28, with 2.86 for asset returns.
Based on RB Global Inc (RBA), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is 5.59.
Currently, EBITDA for the company is 1.17 billion with net debt to EBITDA at 3.19. When we switch over and look at the enterprise to sales, we see a ratio of 4.37. The receivables turnover for the company is 4.44for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
To wrap up, the performance of RB Global Inc (RBA) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
