Taking a look at what insiders are doing to gauge the RadNet Inc. (RDNT)’s direction


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. RadNet Inc. shares valued at $205,310 were sold by HAMES NORMAN R on Jun 01. At $20.53 per share, HAMES NORMAN R sold 10,000 shares. The insider’s holdings dropped to 280,179 shares worth approximately $4.86 million following the completion of this transaction.

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Also, Gordon Christine Nayoma sold 2,000 shares, netting a total of over 41,216 in proceeds. Following the sale of shares at $20.61 each, the insider now holds 12,497 shares.

Before that, Gordon Christine Nayoma had sold 900 shares from its account. In a trade valued at $18,424, the Director traded RadNet Inc. shares for $20.47 each. Upon closing the transaction, the insider’s holdings decreased to 900 shares, worth approximately $0.25 million.

As published in their initiating research note from Barclays on August 12, 2021, RadNet Inc. [RDNT] has been an Overweight and the price target has been revised to $39. This represents a 55.54% premium over Thursday’s closing price. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of March 14, 2018, Raymond James has initiated its “Strong buy” rating for RDNT. Earlier on August 22, 2017, Jefferies upgraded its rating. Their new recommendation was “a Buy” for RDNT stock which previously was a “a Hold”.

Analyzing RDNT Stock Performance

On Thursday, RadNet Inc. [NASDAQ: RDNT] plunged -2.91% to $17.34. The stock’s lowest price that day was $17.16, but it reached a high of $17.83 in the same session. During the last five days, there has been a drop of approximately -7.77%. Over the course of the year, RadNet Inc. shares have dropped approximately -42.41%. Shares of the company reached a 52-week high of $30.43 on 01/03/22 and a 52-week low of $16.44 on 05/12/22. A 50-day SMA is recorded $19.60, while a 200-day SMA reached $20.67. Nevertheless, trading volume fell to 0.51 million shares from 0.14 million shares the previous day.

Support And Resistance Levels for RadNet Inc. (RDNT)

According to the 24-hour chart, there is a support level at 17.06, which, if violated, would cause prices to drop to 16.77. In the upper region, resistance lies at 17.73. The next price resistance is at 18.11. RSI (Relative Strength Index) is 35.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 94.12%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is RadNet Inc. subject to short interest?

Stocks of RadNet Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.35 million shares to 1.97 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.32 million shares. A decline of -17.77% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.29 of the overall float, the days-to-cover ratio (short ratio) decline to 6.29.

Which companies own the most shares of RadNet Inc. (RDNT)?

According to BlackRock Fund Advisors filings, the company currently owns 6,008,771 shares, which is about 10.49% of the total RDNT shares outstanding. The investor’s shares have appreciated by 92,247 from its previous 13-F filing of 5916524.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $63,304,454. Beck, Mack & Oliver LLC acquire a 12.45% interest valued at $61.46 million while Alan W. Weber 0 stake. In its current portfolio, Dimensional Fund Advisors LP holds 1,501,875 shares valued at $30.56 million.


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