RadNet Inc

Company Profile

RadNet Inc had its IPO on 1986-07-01 under the ticker symbol RDNT.

The company operates in the Healthcare sector and Diagnostics & Research industry. RadNet Inc has a staff strength of 9,000 employees.

Stock update

Shares of RadNet Inc opened at $29.24 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $27.93 - $29.47, and closed at $28.02.

This is a -4.73% slip from the previous day's closing price.

A total volume of 683,456 shares were traded at the close of the day’s session.

In the last one week, shares of RadNet Inc have slipped by -13.97%.

RadNet Inc's Key Ratios

RadNet Inc has a market cap of $1.99 billion, indicating a price to book ratio of 3.744 and a price to sales ratio of 0.8213.

In the last 12-months RadNet Inc’s revenue was $1.53 billion with a gross profit of $288.77 million and an EBITDA of $187.65 million. The EBITDA ratio measures RadNet Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, RadNet Inc’s operating margin was 4.21% while its return on assets stood at 1.62% with a return of equity of 1.93%.

In Q2, RadNet Inc’s quarterly earnings growth was a negative -6.5% while revenue growth was a positive 13.9%.

RadNet Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

2.32

Its diluted EPS in the last 12-months stands at $-0.22 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 2.32. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into RadNet Inc’s profitability.

RadNet Inc stock is trading at a EV to sales ratio of 1.8236 and a EV to EBITDA ratio of 9.4363. Its price to sales ratio in the trailing 12-months stood at 0.8213.

RadNet Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$2.71 billion

Total Liabilities

$434.23 million

Operating Cash Flow

$-40354000.00

Capital Expenditure

$29.82 million

Dividend Payout Ratio

0%

RadNet Inc ended 2024 with $2.71 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.71 billion while shareholder equity stood at $593.16 million.

RadNet Inc ended 2024 with $0 in deferred long-term liabilities, $434.23 million in other current liabilities, 7000.00 in common stock, $-95258000.00 in retained earnings and $687.88 million in goodwill. Its cash balance stood at $356.65 million and cash and short-term investments were $356.65 million. The company’s total short-term debt was $75,493,000 while long-term debt stood at $848.33 million.

RadNet Inc’s total current assets stands at $602.69 million while long-term investments were $52.49 million and short-term investments were $0. Its net receivables were $196.72 million compared to accounts payable of $333.22 million and inventory worth $0.

In 2024, RadNet Inc's operating cash flow was $-40354000.00 while its capital expenditure stood at $29.82 million.

Comparatively, RadNet Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$28.02

52-Week High

$35.18

52-Week Low

$12.03

Analyst Target Price

$38.75

RadNet Inc stock is currently trading at $28.02 per share. It touched a 52-week high of $35.18 and a 52-week low of $35.18. Analysts tracking the stock have a 12-month average target price of $38.75.

Its 50-day moving average was $31.92 and 200-day moving average was $26.25 The short ratio stood at 3.21 indicating a short percent outstanding of 0%.

Around 1058.9% of the company’s stock are held by insiders while 6113.1% are held by institutions.