Radcom (NASDAQ:RDCM) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Radcom Ltd.'s share price has increased to $14.25, surpassing its 200-day moving average of $12.57, indicating a positive trend.
• Analysts have set a consensus rating of "Buy" for Radcom, with an average price target of $18.00, reflecting growing confidence in the stock's potential.
• Institutional investors have recently increased their involvement, with 48.32% of shares now owned by hedge funds and other institutional investors.

Radcom Ltd. (NASDAQ:RDCM - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.57 and traded as high as $14.33. Radcom shares last traded at $14.25, with a volume of 86,648 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Radcom from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $18.00.

Radcom Stock Up 1.5%

The firm has a 50 day moving average of $13.44 and a two-hundred day moving average of $12.63. The firm has a market capitalization of $228.51 million, a price-to-earnings ratio of 25.16 and a beta of 0.68.

Institutional Trading of Radcom

Several large investors have recently bought and sold shares of RDCM. Northern Trust Corp acquired a new stake in Radcom in the fourth quarter valued at about $269,000. Citadel Advisors LLC raised its position in Radcom by 101.1% in the fourth quarter. Citadel Advisors LLC now owns 39,083 shares of the technology company's stock valued at $483,000 after purchasing an additional 19,653 shares during the last quarter. Millennium Management LLC raised its position in Radcom by 171.6% in the fourth quarter. Millennium Management LLC now owns 57,505 shares of the technology company's stock valued at $711,000 after purchasing an additional 36,333 shares during the last quarter. AWM Investment Company Inc. raised its position in Radcom by 2.8% in the fourth quarter. AWM Investment Company Inc. now owns 991,261 shares of the technology company's stock valued at $12,252,000 after purchasing an additional 27,394 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Radcom in the fourth quarter valued at about $31,000. 48.32% of the stock is owned by institutional investors and hedge funds.

About Radcom

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.