Rite Aid Corporation (RAD) Stock: Seeing Gains In Today’s Session

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Rite Aid Corporation (RAD) is making a move up in the market today. The company, one that is focused on the service sector, is presently priced at $0.68 after climbing -2.62% so far today. As it relates to service stocks, there are a number of aspects that have the potential to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines associated with RAD:

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Mar-21-19 01:40PM Rite Aid Shareholders Approve Reverse Stock Split Plan
01:35PM Rite Aid gets OK for plan to boost flagging stock price
11:00AM The Rite Aid Foundation, Attorney General Josh Shapiro and Pittsburgh Penguins Foundation Host Teacher Training for Prescription Drug Safety Program in Western Pennsylvania
10:46AM Rite Aid shareholders approve plans for reverse stock split
10:43AM Rite Aid shareholders approve reverse stock split

Nonetheless, when making a decision to invest, prospective investors should look into much more than just news, especially in the ever complex service space. Here’s what’s happing when it comes to Rite Aid Corporation.

Trends That We’ve Seen From RAD

While a move up in a single session, like what we’re seeing from Rite Aid Corporation may make some investors unhappy, that alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s generally smart to look into trends further out than a single trading session. When it comes to RAD, here are the movements that investors have experienced:

  • Past 5 Sessions – In the last seven days, RAD has seen a change in price in the amount of -4.77%.
  • Past 30 Days – The return from Rite Aid Corporation throughout the last month works out to -9.73%.
  • Quarterly – Over the past quarter, the stock has produced a return that works out to -18.10%
  • Past 6 Months – Over the last 6 months, we have seen a performance that equates to -47.73% from the company.
  • This Year So Far – Since the the first trading session of this year RAD has produced a ROI of -1.85%.
  • Full Year – Lastly, throughout the past full year, we’ve seen movement that comes to -54.26% out of RAD. Throughout this period of time, the stock has traded at a high of -68.07% and a low of 12.83%.

Rations That You Should Think About

Looking at a few ratios associated with a company can give traders a view of just how dangerous and/or potentially profitable a an investment option may be. Below are a few of the most important ratios to consider when looking at RAD.

Short Ratio – The short ratio is a measure of short interest. As the short ratio climbs, it shows that more investors believe that the price of the stock is going to head up. In general, strong service sector stocks can come with a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the space. Nonetheless, as it relates to Rite Aid Corporation, it’s short ratio amounts to 8.48.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure the company’s abilities to cover its debts when they mature using current assets or quick assets. come with great quick and current ratios. When it comes to RAD, the quick and current ratios add up to 0.90 and 1.60 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the price of shares. as it relates to Rite Aid Corporation, that ratio comes in at 1.37.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of shares. As it relates to RAD, the cash to share value works out to 0.36.

Big Money And Rite Aid Corporation

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in RAD, here’s what we’re seeing:

  • Institutions – As it stands now, institutions own 47.50% of Rite Aid Corporation. Nonetheless, it is worth considering that the ownership held by institutions has moved in the amount of -7.27% throughout the last quarter.
  • Insiders – as it relates to insiders, those close to the company currently own 1.50% of Rite Aid Corporation. Insider ownership of the company has changed by 0.00% throughout the last 3 months.

How Analysts Feel About Rite Aid Corporation

While it’s rarely a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their thoughts in order to validate your own before making investment decisions in the service sector. Below you’ll find the most recent moves that we have seen from analysts as it relates to RAD.

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Sep-06-18 Resumed Goldman Sell $1
Jan-05-18 Initiated Evercore ISI Underperform
Dec-04-17 Initiated Deutsche Bank Hold $2.25
Oct-06-17 Reiterated Mizuho Neutral $2.95 → $2.25
Sep-29-17 Reiterated Loop Capital Hold $2.50 → $2

What We’ve Seen In earnings results

What have ween seen from RAD in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – At the moment, analysts have expectations that RAD will generate EPS that totals up to be 0.02, with -0.01 being reported in the next financial report. Although this is not tide to earnings, since we are talking on the topic of Wall St. analysts, RAD is currently rated a 3.40 on a scale from 1 to 5 on which 1 is the worst average Wall Street analyst grade and 5 is the best possible rating.
  • 5-Year Sales – Over the past half decade, Rite Aid Corporation has reported a movement in sales volume that adds up to -3.20%. EPS in the past 5 years have generated movement in the amount of -17.10%.
  • Quarter Over Quarter – when it comes to quarter over quarter data, or Q/Q data as it is often represented in the world of humans, Rite Aid Corporation has created a change in earnings that amounts to 6.00%. Rite Aid Corporation has also seen movement with regard to sales in the amount of 1.80%.

What You Need To Know About Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 1.14B shares of Rite Aid Corporation outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, RAD has a float of 1.06B.

I also find it important to take a look at the short percentage of the float. After all, if a large portion of the float is sold short, the overall feeling in the market is that the company is going to fall. As far as RAD, the short percentage of the float is currently 11.93%. In general, high short percent of the float would be considered to be anything over 40%. In my research, I have calculated that any short ratio over 26% is usually a risky play.

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