Regal Rexnord Corp (NYSE: RRX) Is Down -5.80% In A Month. Could There Be Any Hope That It Will Rise Soon?

During the last session, Regal Rexnord Corp (NYSE:RRX)’s traded shares were 0.86 million, with the beta value of the company hitting 1.07. At the end of the trading day, the stock’s price was $135.22, reflecting an intraday loss of -0.89% or -$1.21. The 52-week high for the RRX share is $183.85, that puts it down -35.96 from that peak though still a striking 28.13% gain since the share price plummeted to a 52-week low of $97.18. The company’s market capitalization is $8.99B, and the average trade volume was 433.92K shares over the past three months.

Regal Rexnord Corp (NYSE:RRX) trade information

Regal Rexnord Corp (RRX) registered a -0.89% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.89% in intraday trading to $135.22, hitting a weekly high. The stock’s 5-day price performance is -4.18%, and it has moved by -5.80% in 30 days. Based on these gigs, the overall price performance for the year is -11.08%.

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Regal Rexnord Corp (RRX) estimates and forecasts

Statistics show that Regal Rexnord Corp has outperformed its competitors in share price, compared to the industry in which it operates. Regal Rexnord Corp (RRX) shares have gone down -10.70% during the last six months, with a year-to-date growth rate more than the industry average at 7.32% against 4.40.

While earnings are projected to return 6.41% in 2024, the next five years will return 11.90% per annum.

RRX Dividends

Regal Rexnord Corp is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Regal Rexnord Corp is 1.75, with the dividend yield indicating at 1.29 percent, continuing the trend of increasing dividends in recent years.

Regal Rexnord Corp (NYSE:RRX)’s Major holders