What are analysts'target prices for Rite Aid's stock?
4 analysts have issued 1 year target prices for Rite Aid's shares. Their predictions range from $5.00 to $20.00. On average, they anticipate Rite Aid's stock price to reach $12.50 in the next year. This suggests a possible upside of 42.0% from the stock's current price. View Analyst Price Targets for Rite Aid.
Can Rite Aid (Rad) stock get back on track?
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates. Rite Aid (RAD) Stock Dips 13% YTD: Can It Get Back on Track? Strength in online services and the PBM market will likely aid Rite Aid (RAD) in the times ahead.
What are the earnings for Rite Aid company (Rad)?
Rite Aid Co. (NYSE:RAD) announced its quarterly earnings results on Tuesday, December, 21st. The company reported $0. 15 earnings per share for the quarter, topping the consensus estimate of ($0. 18) by $0. 33. The business had revenue of $6. 23 billion for the quarter, compared to the consensus estimate of $6. 28 billion.
Is Rite Aid a profitable company?
Rite Aid has a market capitalization of $590.73 million and generates $24.04 billion in revenue each year. The company earns $-90.91 million in net income (profit) each year or ($3.11) on an earnings per share basis.
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Is Rite Aid a buy or sell?
Rite Aid has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 2 sell ratings.
Is Rite Aid a good investment?
To add to investors worries, guidance for the 2023 fiscal year demonstrates that management only expects to bring in $23.5 billion in revenue, which is less than its $24.4 billion in trailing 12-month revenue. On top of that, Rite Aid is no longer profitable, with a profit margin of negative 0.69%.
Is Rite Aid in financial trouble?
Rite Aid, which was once the largest pharmacy chain in the country, is now just a minnow in the Big Pharmacy pond. The company lost more than $539 million last year and is struggling to hold on to a market cap of about $350 million (on par with comparatively tiny, struggling consumer products maker The Honest Co).
Is Rite Aid undervalued?
Rite Aid Corp holds a recent Real Value of $9.14 per share. The prevailing price of the company is $7.28. At this time, the company appears to be undervalued....0.27.LowEstimated ValueHigh1.457.3113.17
What is wrong with Rite Aid stock?
A significant portion of Rite Aid's revenue over the last year has been driven by Covid-related contributions, such as vaccinations and testing. As demand for testing and vaccines wanes or remains stagnant, the company could struggle to make up those revenues, Hill said.
Why has Rite Aid stock gone down?
“Unfortunately, we believe Covid has hastened the decline of the retail pharmacy segment and we see the potential for a dramatic negative inflection point for RAD shares as this preliminary F2023 outlook seems to be unattainable.”
Why is rad stock falling?
Shares in Bio-Rad dropped 16.8 percent for the five-day trading period ended Tuesday. The firm's shares took a hit due to an underwhelming financial forecast during its fourth-quarter conference call last week (see related article, this issue), and a drop in stocks across the board.
Who is trying to buy Rite Aid?
Private-equity firm Spear Point Capital Management said it made an offer to buy Rite Aid on March 30 for $14.60 a share, or $815 million — a 56% premium to its closing price that day of $9.36, Spear Point co-founder Ron Bienvenu told The Post in an exclusive interview.
Is RAD a meme stock?
Not a Meme Stock, But Short Interest Remains High As of this writing, RAD stock has a short interest ratio of over 22%. By itself, a high short interest ratio may not mean that much. In fact, there's some chatter among traders hoping for a short squeeze as traders must cover their short positions.
Is RAD undervalued?
Undervalued with weak fundamentals.
Is Rite Aid stock a Buy, Sell or Hold?
Rite Aid stock has received a consensus rating of sell. The average rating score is and is based on 0 buy ratings, 1 hold ratings, and 3 sell ratings.
What was the 52-week low for Rite Aid stock?
The low in the last 52 weeks of Rite Aid stock was 4.68. According to the current price, Rite Aid is 132.26% away from the 52-week low.
What was the 52-week high for Rite Aid stock?
The high in the last 52 weeks of Rite Aid stock was 22.79. According to the current price, Rite Aid is 27.16% away from the 52-week high.
What are analysts forecasts for Rite Aid stock?
The 4 analysts offering price forecasts for Rite Aid have a median target of 6.50, with a high estimate of 12.00 and a low estimate of 1.00. The me...
How many shares of Rite Aid stock are there after the split?
What is Rite Aid's FY 2022 earnings?
The number of shares owned by shareholders was adjusted after the closing bell on Friday, April 19th 2019. An investor that had 100 shares of Rite Aid stock prior to the reverse split would have 5 shares after the split.
What is the rating of Rite Aid?
Rite Aid issued an update on its FY 2022 earnings guidance on Thursday, October, 21st. The company provided earnings per share (EPS) guidance of $-0.900-$-0.530 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.630. The company issued revenue guidance of $25.10 billion-$25.50 billion, compared to the consensus revenue estimate of $25.13 billion.
Does Rite Aid pay dividends?
Rite Aid has received a consensus rating of Sell. The company's average rating score is 1.33, and is based on no buy ratings, 1 hold rating, and 2 sell ratings.
How many articles has The Fool written on Rite Aid?
Rite Aid does not currently pay a dividend.
When is the RAD earnings call 2021?
The Fool has written over 600 articles on Rite Aid.
Do investors like the first quarter update?
RAD earnings call for the period ending March 31, 2021.
Business
- Low
- High
- Open
Release
| DATE | OPEN | HIGH | LOW |
|---|---|---|---|
| Jul 23, 2021 | 14.95 | 15.00 | 14.58 |
| Jul 22, 2021 | 15.58 | 15.59 | 14.88 |
| Jul 21, 2021 | 15.49 | 15.90 | 15.22 |
| Jul 20, 2021 | 14.58 | 15.51 | 14.34 |
| Jul 19, 2021 | 13.47 | 14.61 | 13.36 |
| Jul 16, 2021 | 13.89 | 14.15 | 13.49 |
| Jul 15, 2021 | 13.91 | 13.95 | 13.22 |
| Jul 14, 2021 | 14.12 | 14.34 | 13.96 |
Cost
- Rite Aid Co. (NYSE:RAD) announced its quarterly earnings data on Thursday, April, 11th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.40. The business had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.56 billion. Rite Aid had a negative net margin of 1.95% and a ne…
Ratings
- Rite Aid is scheduled to release their next quarterly earnings announcement on Wednesday, June 26th 2019. View Earnings Estimates for Rite Aid.
Reception
- 6 brokerages have issued 12-month target prices for Rite Aid's stock. Their predictions range from $20.00 to $120.00. On average, they expect Rite Aid's stock price to reach $44.00 in the next year. This suggests a possible upside of 462.7% from the stock's current price. View Analyst Price Targets for Rite Aid.
Sales
- 6 Wall Street analysts have issued \"buy,\" \"hold,\" and \"sell\" ratings for Rite Aid in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of \"Hold.\" View Analyst Ratings for Rite Aid.
Ownership
- Media stories about RAD stock have been trending positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorabl…
Operations
- Rite Aid saw a increase in short interest in the month of April. As of April 15th, there was short interest totalling 207,551,625 shares, an increase of 23.0% from the March 29th total of 168,738,575 shares. Based on an average daily volume of 27,227,426 shares, the short-interest ratio is currently 7.6 days. Currently, 390.9% of the shares of the company are sold short. View R…
Location
- Rite Aid's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (138.27%), JPMorgan Chase & Co. (46.77%), Dimensional Fund Advisors LP (8.95%), Private Management Group Inc. (7.19%), Parametric Portfolio Associates LLC (6.69%) and California Public Employees Retirement System (6.44%). View Institutional Own…