Why Rambus, Inc. (NASDAQ:RMBS) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $14.00 on Rambus, Inc. (NASDAQ:RMBS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.60 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Rambus, Inc. (NASDAQ:RMBS) stands at 7.92.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Rambus, Inc., the PEG ratio for coming 3-5 years is 0.72.

Technical Analysis

The technical analysis highlights that Rambus, Inc. current is trading $0.51 points away or +3.82% from its 50-day moving average of $13.42. Further it is trading $1.23 or +9.70% away its 200-day moving average of $12.70.

The 52-week high of Rambus, Inc. (NASDAQ:RMBS) was $14.17 while lowest point recorded in 52-week was $9.86. It implies if stock price makes a movement of over $-0.24, it will record a new 52-week high. In the case of +41.28% drop, it will touch a new 52-week low.

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