Alert: Positive Investment/Fundamental Signals (11/17/23)-RadNet Inc (NASDAQ: RDNT)


Meaningful positive changes in fundamentals have recently occurred for RadNet Inc (NASDAQ: RDNT): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

RadNet Inc (NASDAQ: RDNT) has recently enjoyed significant positive changes in investment behavior: its shorter term price trend turned up.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, RDNT is expected to continue to be a modest Value Builder.

RadNet has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. RadNet has a very low Appreciation Score of 12 but a very high Power Rating of 88, resulting in the Neutral Value Trend Rating.

Recent Price Action

RadNet Inc (NASDAQ: RDNT) stock closed at $32.09 on 11/17/23 after an increase of 1.5%. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.9% during the last week.

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