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Radius Global Infrastructure Inc. (NASDAQ:RADI): Buy, Sell Or Hold At $14.97?

In last trading session, Radius Global Infrastructure Inc. (NASDAQ:RADI) saw 9.66 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $14.97 trading at $0.15 or 1.01% at ring of the bell on the day assigns it a market valuation of $1.49B. That closing price of RADI’s stock is at a discount of -1.4% from its 52-week high price of $15.18 and is indicating a premium of 46.76% from its 52-week low price of $7.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.31 million shares which gives us an average trading volume of 878.28K if we extend that period to 3-months.

For Radius Global Infrastructure Inc. (RADI), analysts’ consensus is at an average recommendation of an Underweight while assigning it a mean rating of 3.20. Splitting up the data highlights that, out of 3 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.32 in the current quarter.

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Radius Global Infrastructure Inc. (NASDAQ:RADI) trade information

Upright in the green during last session for gaining 1.01%, in the last five days RADI remained trading in the green while hitting it’s week-highest on Friday, 09/15/23 when the stock touched $14.97 price level, adding 0.07% to its value on the day. Radius Global Infrastructure Inc.’s shares saw a change of 26.65% in year-to-date performance and have moved 0.27% in past 5-day. Radius Global Infrastructure Inc. (NASDAQ:RADI) showed a performance of 0.40% in past 30-days. Number of shares sold short was 10.21 million shares which calculate 12.94 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $15.00 to the stock, which implies a rise of 0.2% to its current value. Analysts have been projecting $15.00 as a low price target for the stock while placing it at a high target of $15.00. It follows that stock’s current price would drop -0.2% in reaching the projected high whereas dropping to the targeted low would mean a loss of -0.2% for stock’s current value.

Radius Global Infrastructure Inc. (RADI) estimates and forecasts

The company is estimating its revenue growth to decrease by -239.10% in the current quarter and calculating 69.70% increase in the next quarter. This year revenue growth is estimated to rise 30.20% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $45.08 million for the same. And 3 analysts are in estimates of company making revenue of $47.19 million in the next quarter that will end on Dec 2023. Company posted $35.3 million and $36.99 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 27.70% while estimating it to be 27.60% for the next quarter.

RADI Dividends

Radius Global Infrastructure Inc. is more likely to be releasing its next quarterly report between November 06 and November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Radius Global Infrastructure Inc. (NASDAQ:RADI)’s Major holders

Insiders are in possession of 8.69% of company’s total shares while institution are holding 103.07 percent of that, with stock having share float percentage of 112.88%. Investors also watch the number of corporate investors in a company very closely, which is 103.07% institutions for Radius Global Infrastructure Inc. that are currently holding shares of the company. Centerbridge Partners, L.P. is the top institutional holder at RADI for having 10.93 million shares of worth $163.55 million. And as of Jun 29, 2023, it was holding 10.96% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 6.06 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.07% of outstanding shares, having a total worth of $90.66 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 2.37 million shares of worth $35.5 million or 2.38% of the total outstanding shares. The later fund manager was in possession of 1.93 million shares on Jul 30, 2023, making its stake of worth around $28.92 million in the company or a holder of 1.94% of company’s stock.

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