Alert: Positive Investment/Fundamental Signals (12/4/23)-RadNet Inc (NASDAQ: RDNT)


RadNet Inc (NASDAQ: RDNT). Important positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.

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

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 (Low 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 good Power Rating of 84, resulting in the Low Neutral Value Trend Rating.

Recent Price Action

RadNet Inc (NASDAQ: RDNT) stock closed at $35.33 on 12/4/23 after a large increase of 2.3%. Moreover, trading volume in this advance was above average at 121% of normal. The stock has risen 9.2% during the last week and has been exceptionally strong relative to the market over the last nine months.

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