Rad stock price today5/2/2023 ![]() Rite Aid stock price target raised to 4 from 2 at Deutsche Bank. However, the 12-month consensus price target of $13 is a 10.2% premium to current levels, indicating a round of price-target cuts could be right around the corner. Prev Close: 5.80 Todays Open: 5.82 Days Range: 5.74-6.10 Avg Vol (10-day): 3.1M. While there are only a few eyes on RAD, all three analysts in coverage recommend a "hold" or worse. It would take seven days to cover these bearish bets, at the stock's average pace of daily trading. Short interest rose 7.2% in the most recent reporting period, and the 12.22 million shares sold short makes up a hefty 22.6% of the stock's available float. Short sellers have been building their positions on Rite Aid stock in recent weeks. Overall, the stock averaged a post-earnings move of 19.2% in the last eight quarters, regardless of direction, while the options pits are pricing in a much larger 24.4% move this time around. Market Cap 344.47M Shares Out 55.65M 10 Day Average Volume 2.57M Dividend - Dividend Yield - Beta 1.07 YTD Change -57.86 RATIOS/PROFITABILITY EPS (TTM) -9.94 P/E (TTM) -0.62 Fwd P/E (NTM) -4.11. In fact, all three of its next-day sessions in 2021 have been losses. Following its last eight reports, RAD has moved lower five times. The bad news is Rite Aid stock tends to fair poorly in post-earnings sessions. In other words, Rite Aid will need a miracle report to reinvigorate its shares and push them away from their annual lows. The stock is down nearly 37% year-over-year, more than 25% year-to-date, and facing pressure from every short- and long-term trendline on the charts. The shares of drugstore chain Rite Aid Corporation (NYSE:RAD) are down 2.2% to trade at $11.80 this afternoon, just ahead of the company's third-quarter earnings report - due out before the open tomorrow. Key Stock Data P/E Ratio (TTM) N/A EPS (TTM) -4.88 Market Cap 15.80 B Shares Outstanding 24.86 M Public Float 21.
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