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RDNT

RDNT - RadNet Inc Stock Price, Fair Value and News

48.82USD+0.33 (+0.68%)Delayed as of 28 Mar 2024, 10:59 am ET

Market Summary

RDNT
USD48.82+0.33
Delayedas of 28 Mar 2024, 10:59 am
0.68%

RDNT Alerts

  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

RDNT Stock Price

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RDNT RSI Chart

RDNT Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

1.1K

Price/Sales (Trailing)

2.05

EV/EBITDA

12.85

Price/Free Cashflow

15.03

RDNT Price/Sales (Trailing)

RDNT Profitability

Operating Margin

38.16%

EBT Margin

2.40%

Return on Equity

0.48%

Return on Assets

0.11%

Free Cashflow Yield

6.65%

RDNT Fundamentals

RDNT Revenue

Revenue (TTM)

1.6B

Rev. Growth (Yr)

9.51%

Rev. Growth (Qtr)

4.58%

RDNT Earnings

Earnings (TTM)

3.0M

Earnings Growth (Yr)

-98.82%

Earnings Growth (Qtr)

-110.6%

Breaking Down RDNT Revenue

52 Week Range

24.2449.12
(Low)(High)

Last 7 days

8.1%

Last 30 days

25.5%

Last 90 days

36.5%

Trailing 12 Months

90.0%

How does RDNT drawdown profile look like?

RDNT Financial Health

Current Ratio

1.32

RDNT Investor Care

Shares Dilution (1Y)

18.40%

Diluted EPS (TTM)

0.02

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.5B1.5B1.6B1.6B
20221.3B1.4B1.4B1.4B
20211.1B1.2B1.3B1.3B
20201.2B1.1B1.1B1.1B
20191.0B1.1B1.1B1.2B
2018924.6M938.9M953.5M975.1M
2017897.2M908.6M911.6M922.2M
2016844.7M859.0M875.3M884.5M
2015730.0M755.2M779.5M809.6M
2014698.9M701.5M710.4M717.6M
2013219.3M380.6M541.8M703.0M
201249.2M52.2M55.1M58.1M
201146.3M46.3M46.2M46.2M
20100367.2M206.8M46.3M
2009000527.6M

Tracking the Latest Insider Buys and Sells of RadNet Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 01, 2024
forthuber stephen m
acquired
-
-
17,434
pres & coo-eastern operations
Mar 01, 2024
berger howard g
acquired
-
-
40,236
president, ceo
Mar 01, 2024
patel mital
acquired
-
-
15,422
evp, chief admin officer
Mar 01, 2024
katz david jeffrey
acquired
-
-
15,422
evp, chief legal officer
Mar 01, 2024
hames norman r
acquired
-
-
17,434
pres and coo-west operations
Mar 01, 2024
stolper mark
acquired
-
-
14,072
evp, chief financial officer
Jan 09, 2024
forthuber stephen m
acquired
-
-
18,036
pres & coo-eastern operations
Jan 09, 2024
gordon christine nayoma
acquired
-
-
4,994
-
Jan 09, 2024
murdock michael n
acquired
-
-
9,711
evp, mergers and acquisitions
Jan 09, 2024
patel mital
acquired
-
-
15,954
evp of fin planning, cao

1–10 of 50

Which funds bought or sold RDNT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-5.23
9,832
68,044
-%
Mar 21, 2024
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND
sold off
-100
-986,650
-
-%
Mar 11, 2024
VANGUARD GROUP INC
added
0.77
28,911,700
147,937,000
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
107
32,678,100
53,661,400
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
added
0.25
218,008
1,139,930
-%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
3.84
468,000
2,136,000
0.02%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
4.46
256,000
1,142,000
-%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-13.87
1,334
15,334
-%
Feb 15, 2024
Virtue Capital Management, LLC
reduced
-6.59
36,629
705,490
0.14%
Feb 15, 2024
Pier Capital, LLC
reduced
-1.41
1,702,280
9,583,410
1.37%

1–10 of 44

Are Funds Buying or Selling RDNT?

Are funds buying RDNT calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own RDNT
No. of Funds

Unveiling RadNet Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
beck mack & oliver llc
4.8%
3,231,407
SC 13G/A
Feb 13, 2024
vanguard group inc
6.27%
4,254,717
SC 13G/A
Jan 23, 2024
blackrock inc.
13.1%
8,894,317
SC 13G/A
Feb 09, 2023
vanguard group inc
6.04%
3,466,238
SC 13G/A
Feb 08, 2023
beck mack & oliver llc
5.6%
3,222,494
SC 13G
Jan 23, 2023
blackrock inc.
12.2%
6,976,634
SC 13G/A
Feb 10, 2022
vanguard group inc
5.89%
3,145,333
SC 13G/A
Jan 27, 2022
blackrock inc.
12.0%
6,410,361
SC 13G/A
Jan 25, 2022
blackrock inc.
12.0%
6,410,361
SC 13G/A
Aug 03, 2021
jb capital partners lp
4.02%
2,117,095
SC 13D/A

Recent SEC filings of RadNet Inc

View All Filings
Date Filed Form Type Document
Mar 12, 2024
8-K
Current Report
Mar 08, 2024
424B5
Prospectus Filed
Mar 07, 2024
424B5
Prospectus Filed
Mar 05, 2024
8-K
Current Report
Mar 04, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading

What is the Fair Value of RDNT?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to RadNet Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
184.1B
23.9B
1.92% 4.87%
38.82
7.71
-10.33% -33.23%
44.8B
3.7B
-4.47% 16.47%
53.05
12.25
8.72% 24.44%
43.2B
6.7B
9.35% 8.66%
34.96
6.42
-2.81% -6.58%
14.5B
9.3B
4.27% -4.49%
16.99
1.57
-6.38% -9.73%
13.8B
4.1B
11.27% 27.86%
29.14
3.35
3.86% -2.39%
12.4B
1.9B
4.38% 126.16%
43.86
6.58
29.17% 15.26%
12.1B
2.5B
1.85% -6.90%
-59.47
4.86
19.93% 67.26%
10.9B
1.1B
31.87% 65.38%
-25.12
10.09
31.99% 20.63%
MID-CAP
3.3B
918.7M
-13.78% -12.36%
284.21
3.64
45.66% 172.57%
2.2B
563.9M
-23.06% -38.26%
-4.56
3.88
25.45% 26.76%
SMALL-CAP
544.7M
280.3M
17.34% 2.80%
-2.86
1.94
-12.89% -148.37%
89.4M
31.2M
-3.36% -85.17%
-1.01
2.86
5.03% -1.81%
35.5M
9.2M
-24.43% -39.17%
-1.95
3.86
16.43% 46.89%
7.3M
9.0M
-21.88% -54.13%
-1.01
0.81
-53.31% 2.21%
183.8K
25.9M
-50.00% -94.83%
-0.01
0.01
-57.78% -93.11%

RadNet Inc News

Latest updates
Defense World • 26 Mar 2024 • 05:48 am
Simply Wall St • 23 Mar 2024 • 01:28 pm
Seeking Alpha • 08 Mar 2024 • 09:11 am
InvestorsObserver • 08 Mar 2024 • 08:00 am
GlobeNewswire • 07 Mar 2024 • 08:00 am
Simply Wall St • 06 Mar 2024 • 08:00 am

RadNet Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue4.6%420402404391384350354342333333334315308292191282301293289272257
Cost Of Revenue-----------------256254247243233
Operating Expenses10.4%396359379384362343335343331300306304288269216290278276267264258
EBITDA Margin-1.1%0.14*0.14*0.13*0.13*0.15*0.14*0.15*0.15*0.16*0.17*0.16*0.15*---------
Interest Expenses3.1%17.0016.0016.0016.0015.0012.0011.0012.0012.0012.0012.0013.0012.0011.0011.0012.0011.0012.0012.0012.0012.00
Income Taxes-89.4%1.007.00-0.611.002.002.003.001.003.005.003.002.006.004.00-4.50-4.403.002.003.00-1.23-2.44
Earnings Before Taxes-78.5%7.0031.0014.00-13.157.009.0017.0010.003.0026.0011.0018.0017.0014.00-13.43-18.3815.007.0011.00-3.1529.00
EBT Margin-3.5%0.02*0.02*0.01*0.01*0.03*0.03*0.04*0.04*0.04*0.06*0.05*0.03*---------
Net Income-110.6%-1.8618.008.00-21.00-0.941.008.003.00-3.8216.003.009.006.006.00-10.59-16.3610.003.005.00-3.7329.00
Net Income Margin-25.0%0.00*0.00*-0.01*-0.01*0.01*0.01*0.02*0.01*0.02*0.03*0.02*0.01*---------
Free Cashflow184.5%89.0031.0062.0027.0048.0021.0059.00-4.9843.0036.0025.0022.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.1%2,6902,6882,7052,4142,4342,2472,2412,1422,0582,0422,0321,8291,7871,7181,7171,6991,6471,6181,5971,5261,109
  Current Assets0.1%579579603343367325319289324340335223270259248280241240234216209
    Cash Equivalents1.4%34333835791.0012895.0099.0071.0013515114131.0010289.0085.0094.0040.0038.0031.0010.0010.00
  Net PPE4.7%6045775765455665165158.00484452435413399362370376368352353344346
  Goodwill0.5%6796766880.0067880.0057811.005145035020.00473--------
Liabilities-0.8%1,8771,8921,9441,9211,9421,7891,7891,7201,7121,7031,7331,5471,5281,4721,4841,4921,4141,4031,3841,313909
  Current Liabilities7.5%437407434407467409405381375371381403398374382328327310293301240
Shareholder's Equity1.9%63161976149333345845142134633929928125824624.00207233215212214200
  Retained Earnings-2.4%-79.58-77.72-95.26-103-82.62-81.69-82.35-90.26-93.27-89.45-105-108-118-123-130-119-103-113-116-121-117
  Additional Paid-In Capital1.1%723715704449436424419410343336325316308306304269263260258256243
Shares Outstanding-14.9%58.0068.0068.0058.0058.0057.0056.0055.0052.0053.0052.0052.00---------
Minority Interest3.1%18317716816515814513912311711510297.0093.0089.0085.0084.0081.0080.0079.0078.0073.00
Float---2,100---1,000---1,500---691---577--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations184.5%88,92031,25268,07532,61653,64727,02664,84390149,19641,59430,61728,08463,41638,87890,55240,91321,71938,06817,63526,90028,896
  Share Based Compensation25.0%5,4054,3254,87012,1854,6583,3174,69311,1023,6374,4218,8978,2482,2612,0661,4566,6221,7671,3811,0444,5381,105
Cashflow From Investing-3.7%-48,647-46,913-40,354-65,556-123,901-27,060-34,424-61,564-62,005-39,848-32,310-87,348-37,964-20,678-12,543-55,059-5,484-17,136-41,650-35,195-65,148
Cashflow From Financing-1008.0%-35,466-3,201238,123-3,821103,585-3,313-3,312-3,313-3,8058,666111,463-11,651-12,066-14,056-87,70168,262-13,754-13,72544,0888,34219,418

RDNT Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUE   
Service fee revenue$ 1,616,630$ 1,430,061$ 1,315,077
Provider relief funding009,110
OPERATING EXPENSES   
Cost of operations, excluding depreciation and amortization1,395,2391,264,3461,123,274
Gain on contribution of imaging centers into joint venture(16,808)00
Lease abandonment charges5,146019,675
Depreciation and amortization128,391115,87796,694
Loss on sale and disposal of equipment and other2,1872,5291,246
Severance costs3,778946744
Total operating expenses1,517,9331,383,6981,241,633
INCOME FROM OPERATIONS98,69746,36382,554
OTHER INCOME AND EXPENSES   
Interest expense64,48350,84148,830
Equity in earnings of joint ventures(6,427)(10,390)(10,967)
Non-cash change in fair value of interest rate swaps8,185(39,621)(21,670)
Loss on extinguishment of debt and related expenses07316,044
Other (income) expenses(6,354)1,8331,438
Total other expenses59,8873,39423,675
INCOME BEFORE INCOME TAXES38,81042,96958,879
Provision for income taxes(8,473)(9,361)(14,560)
NET INCOME30,33733,60844,319
Net income attributable to noncontrolling interests27,29322,95819,592
NET INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS$ 3,044$ 10,650$ 24,727
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share)$ 0.05$ 0.19$ 0.47
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share)$ 0.05$ 0.17$ 0.46
WEIGHTED AVERAGE SHARES OUTSTANDING   
Basic (in shares)63,580,05956,293,33652,496,679
Diluted (in shares)64,658,29957,320,87053,421,033
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]Other (income) expenses Other (income) expenses
Service fee revenue   
REVENUE   
Service fee revenue$ 1,463,197$ 1,278,016$ 1,166,743
Revenue under capitation arrangements   
REVENUE   
Service fee revenue$ 153,433$ 152,045$ 148,334

RDNT Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS  
Cash and cash equivalents$ 342,570$ 127,834
Accounts receivable163,707166,357
Prepaid expenses and other current assets47,65754,022
Total current assets579,276367,184
PROPERTY, EQUIPMENT AND RIGHT-OF-USE ASSETS  
Property and equipment, net604,401565,961
Operating lease right-of-use-assets596,032603,524
Total property, equipment and right-of-use-assets1,200,4331,169,485
OTHER ASSETS  
Goodwill679,463677,665
Other intangible assets90,615106,228
Deferred financing costs1,6432,280
Investment in joint ventures92,71057,893
Deposits and other46,33353,172
Total assets2,690,4732,433,907
CURRENT LIABILITIES  
Accounts payable, accrued expenses and other342,940369,595
Deferred revenue4,6474,021
Current portion of operating lease liability55,98157,607
Current portion of notes payable17,97412,400
Total current liabilities437,452466,723
LONG-TERM LIABILITIES  
Long-term operating lease liability605,097604,117
Notes payable, net of current portion812,068839,344
Deferred tax liability, net15,7769,256
Other non-current liabilities6,72123,015
Total liabilities1,877,1141,942,455
RadNet, Inc. stockholders' equity:  
Common stock - $.0001 par value, 200,000,000 shares authorized; 67,956,318 and 57,723,125 shares issued and outstanding at December 31, 2023 and 2022 respectively76
Additional paid-in-capital722,750436,288
Accumulated other comprehensive loss(12,484)(20,677)
Accumulated deficit(79,578)(82,622)
Total RadNet, Inc.'s stockholders' equity630,695332,995
Noncontrolling interests182,664158,457
Total equity813,359491,452
Total liabilities and equity2,690,4732,433,907
Affiliates  
CURRENT ASSETS  
Due from affiliates25,34218,971
CURRENT LIABILITIES  
Due to affiliates$ 15,910$ 23,100
RDNT
RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company operates in two segments: Imaging Centers and Artificial Intelligence. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures, as well as multi-modality imaging services. The company also develops and sells computerized systems that distribute, display, store, and retrieve digital images; offers picture archiving communications systems and related services; and develops and deploys AI suites to enhance radiologist interpretation of breast, lung, and prostate images, as well as AI solutions for prostate cancer screening. RadNet, Inc. was founded in 1981 and is headquartered in Los Angeles, California.
 CEO
 WEBSITEwww.radnet.com
 EMPLOYEES9000

RadNet Inc Frequently Asked Questions


What is the ticker symbol for RadNet Inc? What does RDNT stand for in stocks?

RDNT is the stock ticker symbol of RadNet Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of RadNet Inc (RDNT)?

As of Wed Mar 27 2024, market cap of RadNet Inc is 3.32 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RDNT stock?

You can check RDNT's fair value in chart for subscribers.

What is the fair value of RDNT stock?

You can check RDNT's fair value in chart for subscribers. The fair value of RadNet Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of RadNet Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RDNT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is RadNet Inc a good stock to buy?

The fair value guage provides a quick view whether RDNT is over valued or under valued. Whether RadNet Inc is cheap or expensive depends on the assumptions which impact RadNet Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RDNT.

What is RadNet Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, RDNT's PE ratio (Price to Earnings) is 1.09 Thousand and Price to Sales (PS) ratio is 2.05. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RDNT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on RadNet Inc's stock?

In the past 10 years, RadNet Inc has provided 0.326 (multiply by 100 for percentage) rate of return.