Radnet Inc Stock Today

RDNT Stock  USD 69.33  0.27  0.39%   

Performance

8 of 100

 
Weak
 
Strong
OK

Odds Of Distress

Less than 3

 
High
 
Low
Very Low
RadNet is selling for under 69.33 as of the 29th of September 2024; that is 0.39 percent increase since the beginning of the trading day. The stock's last reported lowest price was 68.63. RadNet has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for RadNet Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 29th of September 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
1st of July 1986
Category
Healthcare
Classification
Health Care
RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company was founded in 1981 and is headquartered in Los Angeles, California. RadNet operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. The company has 73.96 M outstanding shares of which 3.36 M shares are at this time shorted by private and institutional investors with about 6.63 trading days to cover. More on RadNet Inc

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RadNet Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President ChairmanHoward MD
Thematic IdeaHealth Management (View all Themes)
Business ConcentrationHealth Care Providers & Services, Health Care Equipment & Services, Health Care, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, NASDAQ Health Care, Health Management, Health Care, Health Care Providers & Services, Diagnostics & Research, Healthcare (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.990.56
Way Up
Slightly volatile
Gross Profit Margin0.05470.0575
Notably Down
Slightly volatile
Net Debt1.2 B1.1 B
Sufficiently Up
Slightly volatile
Total Current Liabilities459.3 M437.5 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total1.7 B1.6 B
Sufficiently Up
Slightly volatile
Total AssetsB2.9 B
Sufficiently Up
Slightly volatile
Total Current Assets608.2 M579.3 M
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities231.9 M220.9 M
Sufficiently Up
Slightly volatile
Debt Levels
RadNet can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand RadNet's financial leverage. It provides some insight into what part of RadNet's total assets is financed by creditors.
Liquidity
RadNet Inc currently holds 1.49 B in liabilities with Debt to Equity (D/E) ratio of 3.2, implying the company greatly relies on financing operations through barrowing. RadNet Inc has a current ratio of 0.77, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about RadNet's use of debt, we should always consider it together with its cash and equity.

Total Cash From Operating Activities

231.91 Million
RadNet Inc (RDNT) is traded on NASDAQ Exchange in USA. It is located in 1510 Cotner Avenue, Los Angeles, CA, United States, 90025 and employs 10,000 people. RadNet is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.13 B. RadNet Inc conducts business under Health Care Providers & Services sector and is part of Health Care industry. The entity has 73.96 M outstanding shares of which 3.36 M shares are at this time shorted by private and institutional investors with about 6.63 trading days to cover. RadNet Inc currently holds about 99.17 M in cash with 220.86 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.73.
Check RadNet Probability Of Bankruptcy
Ownership Allocation
RadNet owns a total of 73.96 Million outstanding shares. The majority of RadNet Inc outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in RadNet Inc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in RadNet. Please pay attention to any change in the institutional holdings of RadNet Inc as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check RadNet Ownership Details

RadNet Stock Institutional Holders

InstituionRecorded OnShares
Hood River Capital Management Llc2024-06-30
1.1 M
Allspring Global Investments Holdings, Llc2024-06-30
M
Global Alpha Capital Management Ltd.2024-06-30
994.1 K
Loomis, Sayles & Company Lp2024-06-30
878.8 K
Alpha Wave Global Lp2024-06-30
848.4 K
American Century Companies Inc2024-06-30
824.8 K
Goldman Sachs Group Inc2024-06-30
793.2 K
Punch & Associates Inv Mgmt Inc2024-06-30
741.3 K
Nuveen Asset Management, Llc2024-06-30
734.6 K
Blackrock Inc2024-06-30
9.6 M
Vanguard Group Inc2024-06-30
M
View RadNet Diagnostics

RadNet Historical Income Statement

At this time, RadNet's Income Tax Expense is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 1.5 B in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (51.5 M). View More Fundamentals

RadNet Stock Against Markets

RadNet Corporate Management

Additional Tools for RadNet Stock Analysis

When running RadNet's price analysis, check to measure RadNet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy RadNet is operating at the current time. Most of RadNet's value examination focuses on studying past and present price action to predict the probability of RadNet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RadNet's price. Additionally, you may evaluate how the addition of RadNet to your portfolios can decrease your overall portfolio volatility.