R1 RCM Inc. sees growth despite trading at discount

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R1 RCM Inc. sees growth despite trading at discount
Credit: © Reuters.

R1 RCM Inc . (NASDAQ: RCM ) saw a trading volume of 2.87 million shares in the last trading session, with the company's beta reaching 0.85. The company's market valuation stood at $6.99 billion, as its share price traded at $16.00, marking a decrease of -$0.02 or -0.12% during the last session. Despite this, the company's share value is up by 58.06%, compared to its 52-week low of $6.71.

The stock, which is currently trading about -29.5% off its 52-week high of $20.72, has an average trading volume of 3.11 million shares over the past 10 days and 2.53 million over the past three months.

Analysts have given R1 RCM Inc.'s stock a consensus recommendation rating of Buy, with a mean rating of 1.70. This includes 12 analysts recommending it as a Buy and two assigning it an Overweight rating. The company's EPS for the current quarter is expected to be $0.02.

In terms of performance, the company's shares showed a year-to-date upside of 46.12%, despite a five-day performance at -3.56% in the red and a decrease of -1.54% over the past 30 days.

Wall Street analysts have set a consensus price target for the stock at $21.47, indicating an upside potential of 25.48% from its current market value.

Data shows that R1 RCM Inc.'s share is performing relatively better than most of its peers within the same industry, with its share value increasing by 17.22% over the past six months and a forecasted revenue growth for fiscal year 2023.

The company's next quarterly earnings report is expected in October. As of June 29, 2023, the top institutional holder of R1 RCM Inc. shares was New Mountain Capital, L.L.C., holding 22.53% of the shares, roughly 94.41 million RCM shares worth $1.74 billion.

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