Rimini Street Inc

Company Profile

Rimini Street Inc had its IPO on 2015-08-28 under the ticker symbol RMNI.

The company operates in the Technology sector and Software-Application industry. Rimini Street Inc has a staff strength of 1,940 employees.

Stock update

Shares of Rimini Street Inc opened at $2.31 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $2.27 - $2.34, and closed at $2.27.

This is a -1.73% slip from the previous day's closing price.

A total volume of 398,639 shares were traded at the close of the day’s session.

In the last one week, shares of Rimini Street Inc have slipped by -7.72%.

Rimini Street Inc's Key Ratios

Rimini Street Inc has a market cap of $205.79 million, indicating a price to book ratio of 0 and a price to sales ratio of 0.7917.

In the last 12-months Rimini Street Inc’s revenue was $422.48 million with a gross profit of $257.28 million and an EBITDA of $47.97 million. The EBITDA ratio measures Rimini Street Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Rimini Street Inc’s operating margin was 10.76% while its return on assets stood at 7.5% with a return of equity of 0%.

In Q2, Rimini Street Inc’s quarterly earnings growth was a positive 3799.8% while revenue growth was a positive 5.2%.

Rimini Street Inc’s PE and PEG Ratio

Forward PE

12.8535

Trailing PE

57.75

PEG

0.877

Its diluted EPS in the last 12-months stands at $0.04 per share while it has a forward price to earnings multiple of 12.8535 and a PEG multiple of 0.877. 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 Rimini Street Inc’s profitability.

Rimini Street Inc stock is trading at a EV to sales ratio of 0.7941 and a EV to EBITDA ratio of 10.5999. Its price to sales ratio in the trailing 12-months stood at 0.7917.

Rimini Street 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

$370.86 million

Total Liabilities

$329.23 million

Operating Cash Flow

$-794000.00

Capital Expenditure

$1.07 million

Dividend Payout Ratio

0%

Rimini Street Inc ended 2024 with $370.86 million in total assets and $0 in total liabilities. Its intangible assets were valued at $370.86 million while shareholder equity stood at $-62061000.00.

Rimini Street Inc ended 2024 with $0 in deferred long-term liabilities, $329.23 million in other current liabilities, 9000.00 in common stock, $-218362000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $123.54 million and cash and short-term investments were $140.67 million. The company’s total short-term debt was $10,477,000 while long-term debt stood at $67.11 million.

Rimini Street Inc’s total current assets stands at $264.99 million while long-term investments were $0 and short-term investments were $17.13 million. Its net receivables were $85.07 million compared to accounts payable of $4.63 million and inventory worth $18.02 million.

In 2024, Rimini Street Inc's operating cash flow was $-794000.00 while its capital expenditure stood at $1.07 million.

Comparatively, Rimini Street Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$2.27

52-Week High

$5.83

52-Week Low

$2.175

Analyst Target Price

$4

Rimini Street Inc stock is currently trading at $2.27 per share. It touched a 52-week high of $5.83 and a 52-week low of $5.83. Analysts tracking the stock have a 12-month average target price of $4.

Its 50-day moving average was $3.25 and 200-day moving average was $4.01 The short ratio stood at 1.68 indicating a short percent outstanding of 0%.

Around 1349.2% of the company’s stock are held by insiders while 7146.1% are held by institutions.