It is Poised to be a Bull Market for Group Inc. (RCRT) Group Inc. (NASDAQ: RCRT) stock jumped 12.89% on Friday to $0.61 against a previous-day closing price of $0.54. With 1.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.36 million shares. During the session, the Staffing & Employment Services company that operates in wider Industrials sector, reached to the highest price of $0.6700 whereas the lowest price it dropped to was $0.5000. The 52-week range on RCRT shows that it touched its highest point at $3.28 and its lowest point at $0.31 during that stretch. It currently has a 1-year price target of $2.00. Beta for the stock currently stands at -0.59.

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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 RCRT was up-trending over the past week, with a rise of 24.48%, but this was up by 35.47% over a month. Three-month performance dropped to -12.90% while six-month performance fell -55.50%. The stock lost -72.54% in the past year, while it has gained 45.52% so far this year. A look at the trailing 12-month EPS for RCRT yields -1.20 with Next year EPS estimates of -0.65. For the next quarter, that number is -0.17. This implies an EPS growth rate of 78.30% for this year and 29.30% for next year.

Float and Shares Shorts:

At present, 14.85 million RCRT shares are outstanding with a float of 11.45 million shares on hand for trading. On Jan 12, 2023, short shares totaled 73110.0, which was 0.45% higher than short shares on Dec 14, 2022. In addition to Mr. Evan H. Sohn Jr. as the firm’s CEO & Exec. Chairman, Mr. Miles Jennings serves as its Founder, COO, Pres & Director.

Institutional Ownership:

Through their ownership of 10.79% of RCRT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.76% of RCRT, in contrast to 1.17% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in RCRT with 5.44% of the stake, Manchester Management Co. LLC holds 885,874 shares worth 885,874. A second-largest stockholder of RCRT, Cavalry Fund I Management LLC, holds 343,742 shares, controlling over 2.11% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in RCRT, holding 149,092 shares or 0.92% stake. With a 0.76% stake in RCRT, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 123,854 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.36% of RCRT stock, is the second-largest Mutual Fund holder. It holds 58,412 shares valued at 24118.0. Fidelity Nasdaq Composite Index F holds 0.05% of the stake in RCRT, owning 7,704 shares worth 3181.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, RCRT reported revenue of $7.11M and operating income of -$2.33M. The EBITDA in the recently reported quarter was -$1.41M and diluted EPS was -$0.08.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RCRT since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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 RCRT analysts setting a high price target of $2.00 and a low target of $2.00, the average target price over the next 12 months is $2.00. Based on these targets, RCRT could surge 227.87% to reach the target high and rise by 227.87% to reach the target low. Reaching the average price target will result in a growth of 227.87% 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. RCRT will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$0.92 being high and -$0.92 being low. For RCRT, this leads to a yearly average estimate of -$0.92. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Group Inc. surprised analysts by -$0.25 when it reported -$0.38 EPS against a consensus estimate of -$0.13. The surprise factor in the prior quarter was $0.12. Based on analyst estimates, the high estimate for the next quarter is -$0.14 and the low estimate is -$0.14. The average estimate for the next quarter is thus -$0.14.

Summary of Insider Activity:

Insiders traded RCRT 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 21 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 104,664 while 0 shares were sold.

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