NASDAQ:RCMT

RCM Technologies (RCMT) Stock Forecast, Price & News

$19.34

-0.71 (-3.54%)

(As of 09/26/2023 ET)

Compare

Today's Range: $19.32
▼
$20.04
50-Day Range: $17.37
▼
$20.63
52-Week Range: $10.11
▼
$21.55

Volume: 24,617 shs
Average Volume: 34,228 shs
Market Capitalization: $154.33 million

P/E Ratio: 11.44
Dividend Yield: N/A
Price Target: $22.00

RCM Technologies MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 13.8% Upside
$22.00 Price Target
Short Interest: Healthy
5.62% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$1.08 M Sold Last Quarter
Proj. Earnings Growth: 25.42%
From $1.77 to $2.22 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Business Services Sector

110th out of 312 stocks

Help Supply Services Industry

13th out of 17 stocks

2.5

Analyst's Opinion

Consensus Rating
RCM Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.00, RCM Technologies has a forecasted upside of 13.8% from its current price of $19.34.
Amount of Analyst Coverage
RCM Technologies has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
5.62% of the float of RCM Technologies has been sold short.
Short Interest Ratio / Days to Cover
RCM Technologies has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in RCM Technologies has recently decreased by 5.68%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
RCM Technologies does not currently pay a dividend.
Dividend Growth
RCM Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RCMT.

2.7

News and Social Media Coverage

News Sentiment
RCM Technologies has a news sentiment score of 1.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for RCM Technologies this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added RCM Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, RCM Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,075,999.00 in company stock.
Percentage Held by Insiders
23.90% of the stock of RCM Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 31.41% of the stock of RCM Technologies is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for RCM Technologies are expected to grow by 25.42% in the coming year, from $1.77 to $2.22 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of RCM Technologies is 11.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of RCM Technologies is 11.44, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 35.25.
Price to Book Value per Share Ratio
RCM Technologies has a P/B Ratio of 5.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About RCM Technologies (NASDAQ:RCMT) Stock

RCM Technologies, Inc. provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, and Life Sciences and Information Technology. The Engineering segment offers a range of engineering services, including project management engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software validation and verification, quality assurance, technical writing and publications, manufacturing process planning and improvement, and 3D/BIM integrated design. The Specialty Health Care segment provides long-term and short-term staffing, executive search, and placement services in the fields of allied and therapy staffing, correctional healthcare staffing, health information management, nursing services, physician and advanced practice, school services, and telepractice. The Life Sciences and Information Technology segment offers enterprise business solutions, application services, infrastructure solutions, competitive advantage, life sciences solutions, and other vertical market specific solutions. The company serves aerospace and defense, energy, financial services, health care, life sciences, manufacturing and distribution, and technology industries, as well as educational institutions and the public sector. RCM Technologies, Inc. was founded in 1971 and is based in Pennsauken, New Jersey.

RCMT Price History

30 days | 90 days | 365 days | Advanced Chart

RCMT Stock News Headlines

September 19, 2023 | finance.yahoo.com

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September 18, 2023 | msn.com

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September 27, 2023 | Edge On The Street (Ad)

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August 31, 2023 | msn.com

RCM Technologies: A Hidden Gem With Massive Upside Potential

August 31, 2023 | msn.com

RCM Technologies (RCMT) Price Target Increased by 6.38% to 25.50

August 11, 2023 | finance.yahoo.com

Q2 2023 R C M Technologies Inc Earnings Call

August 10, 2023 | finance.yahoo.com

RCM Technologies, Inc. (RCMT) Misses Q2 Earnings Estimates

August 3, 2023 | msn.com

Cross Country Healthcare (CCRN) Beats Q2 Earnings and Revenue Estimates

September 27, 2023 | Edge On The Street (Ad)

Is Gold Really Boring?

July 27, 2023 | finance.yahoo.com

Should You Hold RCM Technologies (RCMT)?

July 26, 2023 | finance.yahoo.com

Institutional investors own a significant stake of 29% in RCM Technologies, Inc. (NASDAQ:RCMT)

July 5, 2023 | finance.yahoo.com

Is HAYS (HAYPY) a Great Value Stock Right Now?

June 28, 2023 | finance.yahoo.com

Here's Why RCM Technologies (NASDAQ:RCMT) Has Caught The Eye Of Investors

June 27, 2023 | msn.com

RCM Technologies: COVID Boost Gone But 2023 EBITDA Expected Above $20 Million

June 21, 2023 | finance.yahoo.com

Are Investors Undervaluing KornFerry International (KFY) Right Now?

June 9, 2023 | finance.yahoo.com

Should You Invest in RCM Technologies (RCMT)?

June 1, 2023 | finance.yahoo.com

Investing in RCM Technologies (NASDAQ:RCMT) three years ago would have delivered you a 801% gain

May 30, 2023 | finance.yahoo.com

Why RCM Technologies, Inc. (RCMT) Might be Well Poised for a Surge

May 15, 2023 | finance.yahoo.com

RCM Energy Services Announces the Opening of its New Operation Centre in Germany

May 13, 2023 | finance.yahoo.com

RCM Technologies, Inc. (NASDAQ:RCMT) Q1 2023 Earnings Call Transcript

May 12, 2023 | msn.com

Benchmark Reiterates RCM Technologies (RCMT) Buy Recommendation

May 12, 2023 | markets.businessinsider.com

Where RCM Technologies Stands With Analysts

May 11, 2023 | msn.com

B. Riley Securities Maintains RCM Technologies (RCMT) Buy Recommendation

May 11, 2023 | finance.yahoo.com

We Like RCM Technologies' (NASDAQ:RCMT) Returns And Here's How They're Trending

May 8, 2023 | msn.com

RCM Technologies Q1 2023 Earnings Preview

April 28, 2023 | msn.com

RCM Technologies says preliminary Q1 revenue is $67.1M

April 28, 2023 | finance.yahoo.com

RCM Technologies, Inc. Reports Preliminary First Quarter 2023 Revenue and Operating Income

See More Headlines

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RCMT Company Calendar

Last Earnings: 8/09/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Help supply services
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:RCMT
CUSIP: N/A
CIK: 700841
Web: www.rcmt.com
Phone: (856) 356-4500
Fax: 856-356-4600
Employees: 3,260
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $22.00
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $22.00
Forecasted Upside/Downside: +13.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.69
Trailing P/E Ratio: 11.44
Forward P/E Ratio: 10.93
P/E Growth: N/A
Net Income: $20.89 million
Net Margins: 6.16%
Pretax Margin: 8.34%
Return on Equity: 53.97%
Return on Assets: 17.22%

Debt

Debt-to-Equity Ratio: 0.74
Current Ratio: 1.19
Quick Ratio: 1.19

Sales & Book Value

Annual Sales: $284.68 million
Price / Sales: 0.54
Cash Flow: $2.21 per share
Price / Cash Flow: 8.74
Book Value: $3.25 per share
Price / Book: 5.95

Miscellaneous

Outstanding Shares: 7,980,000
Free Float: 6,070,000
Market Cap: $154.33 million
Optionable: Optionable
Beta: 0.83

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Key Executives

Mr. Bradley S. Vizi CFA (Age 39)
Exec. Chairman & Pres
Comp: $481.45k

Mr. Kevin D. Miller (Age 56)
CFO, Treasurer & Sec.
Comp: $647.39k

Mr. Michael Saks (Age 67)
Division Pres of Health Care Services
Comp: $645.02k

Mr. William D. Gargano (Age 61)
Group Sr. VP of IT & Life Sciences Services

Ms. Christine Ciocca
Exec. VP of Aerospace Division

Mr. Peter Grossman
Sr. VP of Energy Services Division

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RCMT Stock - Frequently Asked Questions

Should I buy or sell RCM Technologies stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RCM Technologies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RCMT shares.
View RCMT analyst ratings or view top-rated stocks.
What is RCM Technologies' stock price forecast for 2023?: 1 brokers have issued 1-year price objectives for RCM Technologies' stock. Their RCMT share price forecasts range from $22.00 to $22.00. On average, they predict the company's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price.
View analysts price targets for RCMT or view top-rated stocks among Wall Street analysts.
How have RCMT shares performed in 2023?: RCM Technologies' stock was trading at $12.34 on January 1st, 2023. Since then, RCMT stock has increased by 56.7% and is now trading at $19.34.
View the best growth stocks for 2023 here.
When is RCM Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our RCMT earnings forecast.
How were RCM Technologies' earnings last quarter?: RCM Technologies, Inc. (NASDAQ:RCMT) issued its quarterly earnings data on Wednesday, August, 9th. The business services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.01. The business services provider had revenue of $67.04 million for the quarter, compared to analysts' expectations of $66.37 million. RCM Technologies had a net margin of 6.16% and a trailing twelve-month return on equity of 53.97%.
What ETF holds RCM Technologies' stock ?: Ballast Small/Mid Cap ETF holds 40,937 shares of RCMT stock, representing 0.89% of its portfolio.
What is Rocco Campanelli's approval rating as RCM Technologies' CEO?: 39 employees have rated RCM Technologies Chief Executive Officer Rocco Campanelli on Glassdoor.com. Rocco Campanelli has an approval rating of 65% among the company's employees.

What other stocks do shareholders of RCM Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other RCM Technologies investors own include Tilly's (TLYS), ADMA Biologics (ADMA), Zosano Pharma (ZSAN), DHT (DHT), Enerplus (ERF), Gran Tierra Energy (GTE), Hallador Energy (HNRG), Matinas BioPharma (MTNB), Novan (NOVN) and Organigram (OGI).
What is RCM Technologies' stock symbol?: RCM Technologies trades on the NASDAQ under the ticker symbol "RCMT."
Who are RCM Technologies' major shareholders?: RCM Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (7.23%), Dimensional Fund Advisors LP (3.84%), Kent Lake Capital LLC (1.28%), Kerrisdale Advisers LLC (1.28%), Geode Capital Management LLC (0.82%) and O Shaughnessy Asset Management LLC (0.65%). Insiders that own company stock include Bradley Vizi, Kevin D Miller, Michael Saks, Richard A Genovese and Roger H Ballou.
View institutional ownership trends.
How do I buy shares of RCM Technologies?: Shares of RCMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is RCM Technologies' stock price today?: One share of RCMT stock can currently be purchased for approximately $19.34.
How much money does RCM Technologies make?: RCM Technologies (NASDAQ:RCMT) has a market capitalization of $154.33 million and generates $284.68 million in revenue each year. The business services provider earns $20.89 million in net income (profit) each year or $1.69 on an earnings per share basis.
How many employees does RCM Technologies have?: The company employs 3,260 workers across the globe.
How can I contact RCM Technologies?: RCM Technologies' mailing address is 2500 MCCLELLAN AVENUE SUITE 350, PENNSAUKEN NJ, 08109. The official website for the company is www.rcmt.com. The business services provider can be reached via phone at (856) 356-4500, via email at info@rcmt.com, or via fax at 856-356-4600.

This page (NASDAQ:RCMT) was last updated on 9/27/2023 by MarketBeat.com Staff

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