Radiant Logistics (RLGT) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Radiant Logistics in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RLGT shares.
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2 Wall Street analysts have issued 12 month target prices for Radiant Logistics' stock. Their RLGT share price forecasts range from $10.00 to $11.00. On average, they predict the company's stock price to reach $10.50 in the next year. This suggests a possible upside of 59.1% from the stock's current price.
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Radiant Logistics' stock was trading at $5.61 at the start of the year. Since then, RLGT shares have increased by 17.6% and is now trading at $6.60.
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Radiant Logistics saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 231,900 shares, a decline of 13.8% from the April 30th total of 269,100 shares. Based on an average trading volume of 149,800 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.6% of the shares of the company are short sold.
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Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) announced its earnings results on Wednesday, May, 10th. The company reported $0.17 EPS for the quarter. The business earned $244.17 million during the quarter. Radiant Logistics had a net margin of 2.96% and a trailing twelve-month return on equity of 27.02%.

ETFs with the largest weight of Radiant Logistics (NYSEAMERICAN:RLGT) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

Based on aggregate information from My MarketBeat watchlists, some companies that other Radiant Logistics investors own include Micron Technology (MU), Fluent (FLNT), Advanced Micro Devices (AMD), Catalyst Pharmaceuticals (CPRX), Extraction Oil & Gas (XOG), Zynerba Pharmaceuticals (ZYNE), Baytex Energy (BTE), Chesapeake Energy (CHKAQ), Enphase Energy (ENPH) and Fuel Tech (FTEK).

Radiant Logistics trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "RLGT."

Radiant Logistics' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.73%), BlackRock Inc. (5.43%), Wellington Management Group LLP (4.70%), Ameriprise Financial Inc. (2.71%), Meros Investment Management LP (2.45%) and Royce & Associates LP (2.38%).
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Shares of RLGT 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.
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One share of RLGT stock can currently be purchased for approximately $6.60.

Radiant Logistics (NYSEAMERICAN:RLGT) has a market capitalization of $314.03 million and generates $1.48 billion in revenue each year. The company earns $44.46 million in net income (profit) each year or $0.73 on an earnings per share basis.

The company employs 656 workers across the globe.

Radiant Logistics' mailing address is 405 114th Ave SE, BELLEVUE, WA 98004-6475, United States. The official website for the company is radiantdelivers.com. The company can be reached via phone at (425) 462-1094, via email at casey@stonegateinc.com, or via fax at 425-462-0768.