Stock within Traders Concentration: Rite Aid Corporation (NYSE:RAD)

Rite Aid Corporation (NYSE:RAD) jumped 1.02 percent and ended the day at $5.97. The Average Volume of the company is 23.74 Million and P/E (price to earnings) ratio is 69.42, while Forward P/E ratio is 62.19.

Deutsche Bank Downgrade its coverage for Rite Aid Corporation (NYSE:RAD) in a note sent to investors on 8-Apr-16. The research firm Downgrade the stock to Hold. Moreover, JP Morgan issued Downgrade rating for the stock on 13-Nov-15. Credit Suisse also Downgrade the company to Neutral on 29-Oct-15, 2016. Additionally, Goldman Downgrade its ratings on the stock to Neutral.

The highest price RAD stock touched in the last 12 month was $8.77 and the lowest price it hit in the same period was $5.2. The stock has a Return on Assets of 0.8 percent, Return on Investment of 8.2 percent and a Return on Equity of 14.9 percent. The company’s market cap is $6.26 Billion.

Price Target is an important factor while doing analysis of a stock. According to 7 analysts, Price Target for Rite Aid Corporation (NYSE:RAD) may hit a high of $9. The average and low price target for the stock are $6.86 and $6, respectively.

Now we look at the Moving Averages, the 200-day is -19.61, the 50-day is -17.39 and the 20-day is 4.12. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading.

Looking forward, the company is expected to report earnings of $-0 per share for the current quarter. Revenue is expected in between 8.36 Billion and 8.13 Billion with an average of 8.25 Billion.

When we look at the recommendation trends, the stock presently has an average brokerage recommendation of 1.6. Out of 8 brokerage recommendations, 0 gave a Strong Buy, 3 issued a Buy, 5 issued Hold, 0 rated Under-perform and 0 issued a Sell.

Rite Aid Corporation (NYSE:RAD) performance during the last one year Degraded -25 percent, while its year to date (YTD) performance showed a Negative trend of -27.55 percent. The stock Fell -20.08 percent over the past six months. The stock’s quarterly performance indicates a Negative momentum of -21.96 percent, whereas its last one month trend is Pessimistic with -13.48 percent. Its weekly performance showed upward trend of 1.7 percent.

Profitability analysis helps a great deal in making investment decision. Net profit margin of the company was recorded at 0.3 percent, operating profit margin was 1.7 percent, whereas gross profit margin stands at 23.8 percent. Beta factor was calculated at 1.86.

Rite Aid Corporation (NYSE:RAD) has 1.05 Billion shares outstanding and 1.04 Billion shares were floated in market. The short ratio in the company’s stock is documented at 1.2 and the short float is around of 2.74%. The stock’s average true range of stands at 0.26, while the relative strength index is 39.98.

Liquidity ratios helps investors to determine a company’s ability to pay off its debts. For the most recent quarter, quick ratio was 0.7, current ratio was 1.6, LT Debt/Equity ratio was 11.22 and Total Debt/Equity ratio was 11.26.