Does R1 RCM Inc (RCM) Have Any Gas After Today’s Big Increase?

September 17, 2017 - By Vivian Park

The stock of R1 RCM Inc (NASDAQ:RCM) is a huge mover today! The stock increased 4.44% or $0.14 on September 15, reaching $3.29. About 686,739 shares traded or 168.68% up from the average. R1 RCM Inc (NASDAQ:RCM) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.
The move comes after 9 months positive chart setup for the $330.40M company. It was reported on Sep, 17 by Barchart.com. We have $3.45 PT which if reached, will make NASDAQ:RCM worth $16.52M more.

Wall Street await R1 RCM Inc (NASDAQ:RCM) to release earnings on November, 1. Analysts forecast EPS of $-0.03, down exactly $0.21 or 116.67 % from 2014’s $0.18 EPS. After posting $-0.11 EPS for the previous quarter, R1 RCM Inc’s analysts now forecast -72.73 % EPS growth.

More notable recent R1 RCM Inc (NASDAQ:RCM) news were published by: Globenewswire.com which released: “R1 RCM Inc. to Ring The Nasdaq Stock Market Opening Bell” on March 14, 2017, also Globenewswire.com with their article: “R1 RCM Reports Fourth Quarter and Full Year 2016 Results” published on March 01, 2017, Seekingalpha.com published: “R1 RCM’s (RCM) CEO Joseph Flanagan on Q2 2017 Results – Earnings Call Transcript” on August 03, 2017. More interesting news about R1 RCM Inc (NASDAQ:RCM) were released by: Chicagobusiness.com and their article: “After years of turmoil, Accretive Health ditches name” published on January 06, 2017 as well as Seekingalpha.com‘s news article titled: “R1 RCM’s (RCM) CEO Joseph Flanagan on Q1 2017 Results – Earnings Call Transcript” with publication date: May 10, 2017.

R1 RCM Inc., formerly Accretive Health, Inc., is a well-known provider of revenue cycle management and physician advisory services (PAS) to healthcare providers. The company has market cap of $330.40 million. The Firm is engaged in providing management services of revenue cycle activities for the United States hospitals and other medical services providers. It currently has negative earnings. The Company’s primary service offering consists of end-to-end RCM, which the Company deploys through a co-managed relationship or an operating partner relationship.

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