How to buy RadNet stock | $26.47

RadNet, Inc is a diagnostics & research business based in the US. RadNet shares (RDNT) are listed on the NASDAQ and all prices are listed in US Dollars. RadNet employs 6,157 staff and has a trailing 12-month revenue of around 0.00.

RadNet stock price (NASDAQ: RDNT)

Use our graph to track the performance of RDNT stocks over time.

RadNet shares at a glance

• Key figures

Information last updated 2021-07-30.

Latest market close	$26.47
52-week range	$13.49 - $36.64
50-day moving average	$33.88
200-day moving average	$24.94
Wall St. target price	$36.33
PE ratio	162.8505
Dividend yield	N/A (0%)
Earnings per share (TTM)	$0.21

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Is it a good time to buy RadNet stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of RadNet, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

RadNet price performance over time

Historical closes compared with the close of $26.47 from 2021-05-28

1 week (2021-07-21)	N/A
1 month (2021-07-01)	-23.03%
3 months (2021-04-30)	18.49%
6 months (2021-01-28)	N/A

1 year (2020-07-28)	N/A
2 years (2019-07-28)	N/A
3 years (2018-07-28)	N/A
5 years (2016-07-28)	N/A

Is RadNet under- or over-valued?

Valuing RadNet stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of RadNet's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

RadNet's P/E ratio

RadNet's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 163x. In other words, RadNet shares trade at around 163x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

RadNet's PEG ratio

RadNet's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.32. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into RadNet's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

RadNet's EBITDA

RadNet's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $157.3 million.

The EBITDA is a measure of a RadNet's overall financial performance and is widely used to measure a its profitability.

RadNet financials

Revenue TTM	$1.1 billion
Operating margin TTM	6.14%
Gross profit TTM	$240.4 million
Return on assets TTM	2.47%
Return on equity TTM	10.65%
Profit margin	0.96%
Book value	$3.52
Market capitalisation	$1.8 billion

TTM: trailing 12 months

Shorting RadNet shares

There are currently 1.4 million RadNet shares held short by investors – that's known as RadNet's "short interest". This figure is 22.5% up from 1.1 million last month.

There are a few different ways that this level of interest in shorting RadNet shares can be evaluated.

RadNet's "short interest ratio" (SIR)

RadNet's "short interest ratio" (SIR) is the quantity of RadNet shares currently shorted divided by the average quantity of RadNet shares traded daily (recently around 308492.42761693). RadNet's SIR currently stands at 4.49. In other words for every 100,000 RadNet shares traded daily on the market, roughly 4490 shares are currently held short.

However RadNet's short interest can also be evaluated against the total number of RadNet shares, or, against the total number of tradable RadNet shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case RadNet's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 RadNet shares in existence, roughly 30 shares are currently held short) or 0.0341% of the tradable shares (for every 100,000 tradable RadNet shares, roughly 34 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against RadNet.

Find out more about how you can short RadNet stock.

RadNet share dividends

We're not expecting RadNet to pay a dividend over the next 12 months.

Have RadNet's shares ever split?

RadNet's shares were split on a 1:2 basis on 27 November 2006. So if you had owned 2 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your RadNet shares – just the quantity. However, indirectly, the new 100% higher share price could have impacted the market appetite for RadNet shares which in turn could have impacted RadNet's share price.

RadNet share price volatility

Over the last 12 months, RadNet's shares have ranged in value from as little as $13.49 up to $36.64. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while RadNet's is 1.6921. This would suggest that RadNet's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

RadNet overview

RadNet, Inc. , together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures, as well as multi-modality imaging services. The company also develops and sells computerized systems for the diagnostic imaging industry, including picture archiving communications systems. As of March 8, 2021, it owned and/or operated 331 centers in Arizona, California, Delaware, Florida, Maryland, New Jersey, and New York. The company was founded in 1985 and is headquartered in Los Angeles, California. .

Frequently asked questions

What percentage of RadNet is owned by insiders or institutions?
Currently 14.545% of RadNet shares are held by insiders and 68.978% by institutions. How many people work for RadNet?
Latest data suggests 6,157 work at RadNet. When does the fiscal year end for RadNet?
RadNet's fiscal year ends in December. Where is RadNet based?
RadNet's address is: 1508, 1510 and 1516 Cotner Avenue, Los Angeles, CA, United States, 90025 What is RadNet's ISIN number?
RadNet's international securities identification number is: US7504911022 What is RadNet's CUSIP number?
RadNet's Committee on Uniform Securities Identification Procedures number is: 69674R100