Radius Global Infrastructure Inc. (RADI) looking to reclaim success with recent performance

Radius Global Infrastructure Inc. (NASDAQ: RADI) stock fell -4.17% on Monday to $12.41 against a previous-day closing price of $12.95. With 0.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.05 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $13.84 whereas the lowest price it dropped to was $12.36. The 52-week range on RADI shows that it touched its highest point at $16.52 and its lowest point at $7.97 during that stretch. It currently has a 1-year price target of $15.17.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RADI was down-trending over the past week, with a drop of -4.54%, but this was up by 6.16% over a month. Three-month performance surged to 53.21% while six-month performance fell -10.72%. The stock lost -10.59% in the past year, while it has gained 4.99% so far this year. A look at the trailing 12-month EPS for RADI yields -0.21 with Next year EPS estimates of -1.32. For the next quarter, that number is -0.34. This implies an EPS growth rate of 55.00% for this year and -238.50% for next year.

Float and Shares Shorts:

At present, 94.69 million RADI shares are outstanding with a float of 66.82 million shares on hand for trading. On Oct 13, 2022, short shares totaled 5.96 million, which was 6.25% higher than short shares on Sep 14, 2022. In addition to Mr. William Helman Berkman as the firm’s CEO & Co-Chairman, Mr. Michael D. Fascitelli serves as its Co-Founder & Independent Co-Chairman.

Institutional Ownership:

Through their ownership of 96.87% of RADI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 70.78% of RADI, in contrast to 24.96% held by mutual funds. Shares owned by individuals account for 20.75%. As the largest shareholder in RADI with 11.47% of the stake, Centerbridge Partners LP holds 10,925,000 shares worth 10,925,000. A second-largest stockholder of RADI, Davidson Kempner Capital Manageme, holds 8,873,883 shares, controlling over 9.31% of the firm’s shares. Westwood Management Corp. is the third largest shareholder in RADI, holding 5,135,940 shares or 5.39% stake. With a 2.40% stake in RADI, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,290,762 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.79% of RADI stock, is the second-largest Mutual Fund holder. It holds 1,701,259 shares valued at 20.11 million. Westwood Quality SmallCap Fund holds 1.66% of the stake in RADI, owning 1,577,029 shares worth 18.64 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RADI since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RADI analysts setting a high price target of $18.00 and a low target of $13.00, the average target price over the next 12 months is $15.17. Based on these targets, RADI could surge 45.04% to reach the target high and rise by 4.75% to reach the target low. Reaching the average price target will result in a growth of 22.24% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. RADI will report FY 2022 earnings on 02/27/2024. Analysts have provided yearly estimates in a range of $0.24 being high and -$0.39 being low. For RADI, this leads to a yearly average estimate of -$0.10. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Radius Global Infrastructure Inc. surprised analysts by $0.48 when it reported $0.23 EPS against a consensus estimate of -$0.25. The surprise factor in the prior quarter was -$0.00. Based on analyst estimates, the high estimate for the next quarter is -$0.23 and the low estimate is -$0.39. The average estimate for the next quarter is thus -$0.30.

Summary of Insider Activity:

Insiders traded RADI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 350,631 while 0 shares were sold.

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