For the readers interested in the stock health of Ritchie Bros. Auctioneers Incorporated (RBA). It is currently valued at $67.13. When the transactions were called off in the previous session, Stock hit the highs of $72.73, after setting-off with the price of $71.78. Company’s stock value dipped to $71.58 during the trading on the day. When the trading was stopped its value was $72.66.Recently in News on August 4, 2022, Ritchie Bros. reports second quarter 2022 results. Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), (the “Company”, “Ritchie Bros.”, “we”, “us”, or “our”) reported the following results for the three months ended June 30, 2022. You can read further details here
Ritchie Bros. Auctioneers Incorporated had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $72.73 on 08/04/22, with the lowest value was $48.65 for the same time period, recorded on 02/18/22.
Ritchie Bros. Auctioneers Incorporated (RBA) full year performance was 24.44%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Ritchie Bros. Auctioneers Incorporated shares are logging -11.87% during the 52-week period from high price, and 37.99% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $48.65 and $76.18.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 732095 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Ritchie Bros. Auctioneers Incorporated (RBA) recorded performance in the market was 18.71%, having the revenues showcasing 34.03% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 7.78B, as it employees total of 2700 workers.
Specialists analysis on Ritchie Bros. Auctioneers Incorporated (RBA)
During the last month, 0 analysts gave the Ritchie Bros. Auctioneers Incorporated a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 61.10, with a change in the price was noted +10.86. In a similar fashion, Ritchie Bros. Auctioneers Incorporated posted a movement of +19.08% for the period of last 100 days, recording 448,250 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RBA is recording 1.32 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.30.
Trends and Technical analysis: Ritchie Bros. Auctioneers Incorporated (RBA)
Raw Stochastic average of Ritchie Bros. Auctioneers Incorporated in the period of last 50 days is set at 65.17%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.13%. In the last 20 days, the company’s Stochastic %K was 84.29% and its Stochastic %D was recorded 90.09%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 18.71%. Additionally, trading for the stock in the period of the last six months notably improved by 17.40%, alongside a boost of 24.44% for the period of the last 12 months. The shares increased approximately by 2.82% in the 7-day charts and went down by 10.58% in the period of the last 30 days. Common stock shares were driven by 34.03% during last recorded quarter.