Reading International Inc (NASDAQ:RDI) Is Currently -65.38% Below Its 52-Week High, But Downside Potential Could Surprise You.

In last trading session, Reading International Inc (NASDAQ:RDI) saw 0.54 million shares changing hands with its beta currently measuring 1.61. Company’s recent per share price level of $1.30 trading at -$0.04 or -2.99% at ring of the bell on the day assigns it a market valuation of $37.34M. That closing price of RDI’s stock is at a discount of -65.38% from its 52-week high price of $2.15 and is indicating a premium of 6.15% from its 52-week low price of $1.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 39150.0 shares which gives us an average trading volume of 28.09K if we extend that period to 3-months.

For Reading International Inc (RDI), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 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 in the current quarter.

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Reading International Inc (NASDAQ:RDI) trade information

Upright in the red during last session for losing -2.99%, in the last five days RDI remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $1.30 price level, adding 16.13% to its value on the day. Reading International Inc’s shares saw a change of -31.94% in year-to-date performance and have moved -15.58% in past 5-day. Reading International Inc (NASDAQ:RDI) showed a performance of 4.00% in past 30-days. Number of shares sold short was 0.13 million shares which calculate 5.45 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 2.4 to the stock, which implies a rise of 45.83% to its current value. Analysts have been projecting 2.4 as a low price target for the stock while placing it at a high target of 2.4. It follows that stock’s current price would drop -84.62% in reaching the projected high whereas dropping to the targeted low would mean a loss of -84.62% for stock’s current value.

Reading International Inc (RDI) estimates and forecasts

This year revenue growth is estimated to fall -6.63% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 56.02M for the same. And 1 analysts are in estimates of company making revenue of 53.79M in the next quarter. Company posted 45.32M and 45.05M of sales in current and next quarters respectively a year earlier.

Reading International Inc (NASDAQ:RDI)’s Major holders

Insiders are in possession of 19.68% of company’s total shares while institution are holding 49.68 percent of that, with stock having share float percentage of 61.85%. Investors also watch the number of corporate investors in a company very closely, which is 49.68% institutions for Reading International Inc that are currently holding shares of the company. NANTAHALA CAPITAL MANAGEMENT, LLC is the top institutional holder at RDI for having 3.24 million shares of worth $4.61 million. And as of 2024-06-30, it was holding 14.5178 of the company’s outstanding shares.

The second largest institutional holder is KRILOGY FINANCIAL LLC, which was holding about 1.98 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.8697 of outstanding shares, having a total worth of $2.81 million.