In last trading session, Rimini Street Inc (NASDAQ:RMNI) saw 0.56 million shares changing hands with its beta currently measuring 1.30. Company’s recent per share price level of $2.52 trading at $0.01 or 0.40% at ring of the bell on the day assigns it a market valuation of $229.12M. That closing price of RMNI’s stock is at a discount of -36.11% from its 52-week high price of $3.43 and is indicating a premium of 39.29% from its 52-week low price of $1.53. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.74 million shares which gives us an average trading volume of 355.71K if we extend that period to 3-months.
For Rimini Street Inc (RMNI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 5 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 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Rimini Street Inc (NASDAQ:RMNI) trade information
Upright in the green during last session for gaining 0.40%, in the last five days RMNI remained trading in the green while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $2.52 price level, adding 16.0% to its value on the day. Rimini Street Inc’s shares saw a change of -22.94% in year-to-date performance and have moved 27.92% in past 5-day. Rimini Street Inc (NASDAQ:RMNI) showed a performance of 28.90% in past 30-days. Number of shares sold short was 1.44 million shares which calculate 4.49 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 16.0% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 3. It follows that stock’s current price would drop -19.05% in reaching the projected high whereas dropping to the targeted low would mean a loss of -19.05% for stock’s current value.
Rimini Street Inc (RMNI) estimates and forecasts
Statistics highlight that Rimini Street Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -13.70% of value to its shares in past 6 months, showing an annual growth rate of -12.96% while that of industry is 25.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around -14.77% while estimates for its earnings growth in next 5 years are of 10.00%.
Rimini Street Inc (NASDAQ:RMNI)’s Major holders
Insiders are in possession of 21.64% of company’s total shares while institution are holding 66.92 percent of that, with stock having share float percentage of 85.40%. Investors also watch the number of corporate investors in a company very closely, which is 66.92% institutions for Rimini Street Inc that are currently holding shares of the company. ADAMS STREET PARTNERS LLC is the top institutional holder at RMNI for having 23.57 million shares of worth $72.35 million. And as of 2024-06-30, it was holding 26.2556 of the company’s outstanding shares.
The second largest institutional holder is CONIFER MANAGEMENT, L.L.C., which was holding about 5.91 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.5882 of outstanding shares, having a total worth of $18.15 million.
