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RadNet Inc Stock Research

RDNT

30.38USD+0.61(+2.05%)Market Closed

Market Summary

USD30.38+0.61
Market Closed
2.05%

RDNT Alerts

RDNT Stock Price

RDNT RSI Chart

RDNT Valuation

Market Cap

1.8B

Price/Earnings (Trailing)

-132.43

Price/Sales (Trailing)

1.2

EV/EBITDA

8.61

Price/Free Cashflow

9.94

RDNT Price/Sales (Trailing)

RDNT Profitability

EBT Margin

3.00%

Return on Equity

2.17%

Return on Assets

0.44%

Free Cashflow Yield

10.06%

RDNT Fundamentals

RDNT Revenue

Revenue (TTM)

1.5B

Revenue Y/Y

14.28%

Revenue Q/Q

1.74%

RDNT Earnings

Earnings (TTM)

-13.4M

Earnings Y/Y

-797.15%

Earnings Q/Q

-2.1K%

Price Action

52 Week Range

12.0330.42
(Low)(High)

Last 7 days

5.1%

Last 30 days

9.6%

Last 90 days

21.2%

Trailing 12 Months

47.6%

RDNT Financial Health

Current Ratio

0.79

RDNT Investor Care

Shares Dilution (1Y)

3.69%

Diluted EPS (TTM)

-0.24

Peers (Alternatives to RadNet)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
75.7B
60.9B
-1.42% 30.28%
13.2
1.24
1.94% -15.77%
20.7B
14.8B
-3.99% -12.29%
16.22
1.39
-6.96% -52.35%
15.2B
9.6B
-0.74% -1.22%
19.15
1.58
-10.08% -57.84%
MID-CAP
9.9B
13.6B
-4.97% 10.44%
14.64
0.74
5.04% -26.87%
6.1B
4.4B
-0.25% 20.85%
22.47
1.4
8.15% -30.89%
5.2B
2.3B
3.17% 35.63%
86.23
2.28
2.85% -58.05%
5.1B
3.2B
-2.26% 14.14%
21.87
1.6
17.88% 19.62%
4.0B
4.8B
18.04% 0.73%
10.48
0.83
3.57% -4.88%
3.3B
482.2M
40.46% -21.84%
-5.08
6.9
23.29% -70.12%
2.6B
2.2B
1.07% -31.59%
23.05
1.16
0.55% -41.23%
SMALL-CAP
1.8B
1.5B
9.64% 47.55%
-132.43
1.2
10.24% -173.11%
675.8M
2.9B
-8.42% -37.57%
-3.69
0.23
7.97% -101.02%
107.7M
81.1M
-14.67% -8.68%
-3.06
1.33
-31.36% -11847.33%
52.0M
46.4M
21.18% -39.53%
-1.16
1.12
-3.55% -44.93%
27.0M
25.2M
-13.79% -24.84%
-24.89
1.07
1.33% -63.01%

Financials for RadNet

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue3.4%1,4791,4301,3791,3621,342
Operating Expenses2.9%1,4241,3841,3531,3101,281
EBITDA6.5%210197210199-
EBITDA Margin2.7%0.15*0.14*0.15*0.15*-
Earnings Before Taxes-53.5%20.0043.0039.0057.0051.00
EBT Margin6.1%0.03*0.03*0.04*0.04*-
Interest Expenses8.1%55.0051.0047.0047.0048.00
Net Income-225.5%-13.3711.008.0023.0018.00
Net Income Margin32.3%0.01*0.01*0.02*0.01*-
Free Cahsflow3.1%146142157122-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-0.8%2,4142,4342,2472,2412,142
  Current Assets-6.7%343367325319289
    Cash Equivalents-28.9%91.0012895.0099.0071.00
  Net PPE-3.6%545566516515489
  Goodwill1.4%68767880.00578570
Liabilities-1.1%1,9211,9421,7891,7891,720
  Current Liabilities-12.8%407467409405381
Shareholder's Equity48.1%493333313451421
  Retained Earnings-25.4%-103-82.62-81.69-82.35-90.26
  Additional Paid-In Capital2.8%449436424419410
Shares Outstanding8.8%58.0054.0057.0057.0056.00
Minority Interest4.2%165158145139123
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations21.7%178146142157122
  Share Based Compensation4.6%25.0024.0023.0024.0028.00
Cashflow From Investing-1.6%-250-246-185-197-195
Cashflow From Financing-0.5%93.0094.00-13.74-1.76113

Risks for RDNT

What is the probability of a big loss on RDNT?

80.4%


Probability that RadNet stock will be more than 20% underwater in next one year

60%


Probability that RadNet stock will be more than 30% underwater in next one year.

36.9%


Probability that RadNet stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RDNT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if RadNet was unfortunately bought at previous high price.

Drawdowns

Returns for RDNT

Cumulative Returns on RDNT

28.3%


10-Year Cumulative Returns

28.5%


7-Year Cumulative Returns

19.0%


5-Year Cumulative Returns

21.4%


3-Year Cumulative Returns

What are the long-term rolling returns for RDNT?

FIve years rolling returns for RadNet.

Annualized Returns

Which funds bought or sold RDNT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
ROYCE & ASSOCIATES LP
reduced
-2.72
2,576,930
11,368,800
0.11%
2023-05-22
PUTNAM INVESTMENTS LLC
reduced
-0.58
1,218,560
5,007,880
0.01%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-2.58
1,372,720
6,026,720
-%
2023-05-18
JPMORGAN CHASE & CO
added
94.27
3,766,000
6,145,000
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-30.09
-49,000
649,000
-%
2023-05-17
Advisory Services Network, LLC
unchanged
-
5,084
20,525
-%
2023-05-17
Thrivent Financial for Lutherans
reduced
-3.39
267,000
1,209,000
-%
2023-05-16
JANE STREET GROUP, LLC
new
-
499,699
499,699
-%
2023-05-16
SUSQUEHANNA INTERNATIONAL GROUP, LLP
added
140
543,391
790,497
-%
2023-05-16
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC
reduced
-23.3
6,894
359,731
0.01%

1–10 of 44

Latest Funds Activity

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

RadNet News

Stocks Register
At $17.98, NeoGenomics Inc. (NEO) Is Worth Your Consideration.
Stocks Register,
18 hours ago
Defense World
Zacks Investment Research
Seeking Alpha
Stocks Register

Schedule 13G FIlings of RadNet

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 10, 2021
vanguard group inc
5.18%
2,673,250
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G/A
Jan 27, 2021
blackrock inc.
12.7%
6,540,626
SC 13G/A

RDNT Fair Value

Show Fair-Value

Recent SEC filings of RadNet

View All Filings
Date Filed Form Type Document
May 25, 2023
4
Insider Trading
May 24, 2023
DEFA14A
DEFA14A
May 16, 2023
4
Insider Trading
May 11, 2023
8-K
Current Report
May 10, 2023
10-Q
Quarterly Report
May 08, 2023
4
Insider Trading
May 08, 2023
4/A
Insider Trading
May 02, 2023
ARS
ARS
Apr 28, 2023
DEF 14A
DEF 14A
Apr 26, 2023
8-K
Current Report

Latest Insider Trading transactions for RDNT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-23
Gordon Christine Nayoma
sold
-138,413
28.34
-4,884
-
2023-05-12
STOLPER MARK
gifted
-
-
-900
executive vp and cfo
2023-05-04
STOLPER MARK
gifted
-
-
-375
executive vp and cfo
2023-03-16
Forthuber Stephen M
sold
-230,168
23.0168
-10,000
pres & coo-eastern operations
2023-03-03
Villigerwilson Ruth Louisa
sold
-443,248
24.9352
-17,776
-
2023-01-03
Patel Mital
acquired
-
-
15,423
evp, chief admin officer
2023-01-03
Jayanathan Ranjan
acquired
-
-
26,316
chief information officer
2023-01-03
Gordon Christine Nayoma
acquired
-
-
8,772
-
2023-01-03
Murdock Michael N
acquired
-
-
15,790
evp. chief development offcr
2023-01-03
Forthuber Stephen M
acquired
-
-
17,435
pres & coo-eastern operations

1–10 of 50

Howard G. Berger
8970
RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. 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 for the diagnostic imaging industry, including picture archiving communications systems and related services; and develops and deploys AI suites to enhance radiologist interpretation of images in the field of mammography, as well as AI solutions for lung and prostate cancer. As of December 31, 2021, it owned and managed 347 centers in Arizona, California, Delaware, Florida, Maryland, New Jersey, and New York. The company was founded in 1981 and is headquartered in Los Angeles, California.

RDNT Income Statement

2023-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUE  
Total service revenue$ 390,564$ 341,767
OPERATING EXPENSES  
Cost of operations, excluding depreciation and amortization351,865315,039
Depreciation and amortization31,31527,118
Loss on sale and disposal of equipment and other5791,128
Severance costs134201
Total operating expenses383,893343,486
INCOME (LOSS) FROM OPERATIONS6,671(1,719)
OTHER INCOME AND EXPENSES  
Interest expense15,72211,593
Equity in earnings of joint ventures(1,428)(2,517)
Non-cash change in fair value of interest rate hedge4,093(20,819)
Other expenses1,432165
Total other expense (income)19,819(11,578)
(LOSS) INCOME BEFORE INCOME TAXES(13,148)9,859
Provision for income taxes(1,135)(1,496)
NET (LOSS) INCOME(14,283)8,363
Net income attributable to noncontrolling interests6,7225,350
NET (LOSS) INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS$ (21,005)$ 3,013
BASIC NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share)$ (0.36)$ 0.05
DILUTED NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share)$ (0.36)$ 0.05
WEIGHTED AVERAGE SHARES OUTSTANDING  
Basic (in shares)57,701,43955,303,007
Diluted (in shares)57,701,43956,362,193
Service fee revenue  
REVENUE  
Total service revenue$ 352,420$ 303,276
Revenue under capitation arrangements  
REVENUE  
Total service revenue$ 38,144$ 38,491

RDNT Balance Sheet

2023-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS  
Cash and cash equivalents$ 90,844$ 127,834
Accounts receivable176,354166,357
Due from affiliates20,38718,971
Prepaid expenses and other current assets55,10054,022
Total current assets342,685367,184
PROPERTY, EQUIPMENT AND RIGHT-OF-USE ASSETS  
Property and equipment, net545,492565,961
Operating lease right-of-use assets623,309603,524
Total property, equipment and right-of-use assets1,168,8011,169,485
OTHER ASSETS  
Goodwill687,085677,665
Other intangible assets103,003106,228
Deferred financing costs2,1222,280
Investment in joint ventures59,32157,893
Deposits and other51,05253,172
Total assets2,414,0692,433,907
CURRENT LIABILITIES  
Accounts payable, accrued expenses and other296,727369,595
Due to affiliates31,54823,100
Deferred revenue4,3434,021
Current operating lease liability58,59057,607
Current portion of notes payable15,93512,400
Total current liabilities407,143466,723
LONG-TERM LIABILITIES  
Long-term operating lease liability623,538604,117
Notes payable, net of current portion852,354839,344
Deferred tax liability, net10,4109,256
Other non-current liabilities27,52323,015
Total liabilities1,920,9681,942,455
EQUITY  
Common stock - $0.0001 par value, 200,000,000 shares authorized; 58,270,290 and 57,723,125 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively66
Additional paid-in-capital448,522436,288
Accumulated other comprehensive loss(16,978)(20,677)
Accumulated deficit(103,628)(82,622)
Total RadNet, Inc.'s stockholders' equity327,922332,995
Noncontrolling interests165,179158,457
Total equity493,101491,452
Total liabilities and equity$ 2,414,069$ 2,433,907