After Achieving Record High, Is RadNet, Inc. (RDNT)’s Near-Term Analysis Positive?

March 14, 2018 - By reb123z

The stock of RadNet, Inc. (NASDAQ:RDNT) reached all time high today, Mar, 14 and still has $13.57 target or 4.00 % above today’s $13.05 share price. This indicates more upside for the $621.49 million company. This technical setup was reported by If the $13.57 PT is reached, the company will be worth $24.86M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 3.16% or $0.4 during the last trading session, reaching $13.05. About 450,612 shares traded or 131.33% up from the average. RadNet, Inc. (NASDAQ:RDNT) has risen 53.92% since March 14, 2017 and is uptrending. It has outperformed by 37.22% the S&P500.

Analysts await RadNet, Inc. (NASDAQ:RDNT) to report earnings on May, 9. They expect $0.04 EPS, up 500.00 % or $0.05 from last year’s $-0.01 per share. RDNT’s profit will be $1.90 million for 81.56 P/E if the $0.04 EPS becomes a reality. After $0.13 actual EPS reported by RadNet, Inc. for the previous quarter, Wall Street now forecasts -69.23 % negative EPS growth.

RadNet, Inc. (NASDAQ:RDNT) Ratings Coverage

Among 3 analysts covering RadNet (NASDAQ:RDNT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. RadNet had 7 analyst reports since March 15, 2016 according to SRatingsIntel. The company was maintained on Thursday, July 13 by Jefferies. Jefferies maintained it with “Hold” rating and $8 target in Tuesday, March 15 report. The stock has “Buy” rating by Jefferies on Tuesday, August 22. The stock of RadNet, Inc. (NASDAQ:RDNT) has “Neutral” rating given on Thursday, June 2 by Sterne Agee CRT. The firm has “Buy” rating by Jefferies given on Thursday, March 8. The company was initiated on Friday, April 15 by Sidoti. Jefferies maintained RadNet, Inc. (NASDAQ:RDNT) on Thursday, November 9 with “Buy” rating.

More news for RadNet, Inc. (NASDAQ:RDNT) were recently published by:, which released: “RadNet’s (RDNT) CEO Howard Berger on Q4 2017 Results – Earnings Call Transcript” on March 08, 2018.‘s article titled: “RadNet, Inc. Announces Date of its Fourth Quarter 2017 Financial Results …” and published on February 28, 2018 is yet another important article.

RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company has market cap of $621.49 million. The Company’s 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. It has a 56.74 P/E ratio. The firm also develops and sells computerized systems for the imaging industry, including picture archiving communications systems; and provides teleradiology services for remote interpretation of images on behalf of radiology groups, hospitals, and imaging center customers.

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