RDNT - RadNet Inc Stock Price, Fair Value and News

57.51USD-0.07 (-0.12%)Delayed as of 17 May 2024, 11:58 am ET

Market Summary

USD57.51-0.07

Delayedas of 17 May 2024, 11:58 am

-0.12%

RDNT Alerts

Big jump in Earnings (Y/Y)

Losses in recent quarter

RDNT Stock Price

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RDNT RSI Chart

RDNT Valuation

Market Cap

4.3B

Price/Earnings (Trailing)

200

Price/Sales (Trailing)

2.57

EV/EBITDA

14.91

Price/Free Cashflow

20.72

RDNT Price/Sales (Trailing)

RDNT Profitability

Operating Margin

39.70%

EBT Margin

3.35%

Return on Equity

1.97%

Return on Assets

0.72%

Free Cashflow Yield

4.83%

RDNT Fundamentals

RDNT Revenue

Revenue (TTM)

1.7B

Rev. Growth (Yr)

10.53%

Rev. Growth (Qtr)

2.69%

RDNT Earnings

Earnings (TTM)

21.3M

Earnings Growth (Yr)

86.77%

Earnings Growth (Qtr)

-49.41%

Breaking Down RDNT Revenue

52 Week Range

26.9458.49

(Low)(High)

Last 7 days

7.5%

Last 30 days

20.2%

Last 90 days

50.3%

Trailing 12 Months

106.9%

How does RDNT drawdown profile look like?

RDNT Financial Health

Current Ratio

1.86

RDNT Investor Care

Shares Dilution (1Y)

26.62%

Diluted EPS (TTM)

0.34

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	1.7B	0	0	0
2023	1.5B	1.5B	1.6B	1.6B
2022	1.3B	1.4B	1.4B	1.4B
2021	1.1B	1.2B	1.3B	1.3B
2020	1.2B	1.1B	1.1B	1.1B
2019	1.0B	1.1B	1.1B	1.2B
2018	924.6M	938.9M	953.5M	975.1M
2017	897.2M	908.6M	911.6M	922.2M
2016	844.7M	859.0M	875.3M	884.5M
2015	730.0M	755.2M	779.5M	809.6M
2014	698.9M	701.5M	710.4M	717.6M
2013	219.3M	380.6M	541.8M	703.0M
2012	49.2M	52.2M	55.1M	58.1M
2011	46.3M	46.3M	46.2M	46.2M
2010	0	367.2M	206.8M	46.3M
2009	0	0	0	527.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

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>

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

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Tracking the Latest Insider Buys and Sells of RadNet Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

Which funds bought or sold RDNT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	Virtue Capital Management, LLC	reduced	-4.37	232,308	937,798	0.17%
May 15, 2024	Voya Investment Management LLC	reduced	-17.13	132,147	959,673	-%
May 15, 2024	Squarepoint Ops LLC	sold off	-100	-239,809	-	-%
May 15, 2024	Alyeska Investment Group, L.P.	reduced	-33.48	-2,815,440	37,917,100	0.23%
May 15, 2024	SILVERCREST ASSET MANAGEMENT GROUP LLC	reduced	-1.99	5,170,240	19,080,000	0.13%
May 15, 2024	CAPTRUST FINANCIAL ADVISORS	sold off	-100	-579,060	-	-%
May 15, 2024	RTW INVESTMENTS, LP	added	156	59,675,300	82,748,800	1.22%
May 15, 2024	PORTLAND INVESTMENT COUNSEL INC.	unchanged	-	479,000	1,679,000	0.50%
May 15, 2024	BOKF, NA	sold off	-100	-973	-	-%
May 15, 2024	BAMCO INC /NY/	new	-	973,200	973,200	-%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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
May 13, 2024	8-K	Current Report
May 10, 2024	10-Q	Quarterly Report
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	DEFA14A	DEFA14A
Apr 18, 2024	8-K	Current Report
Apr 11, 2024	8-K	Current Report
Apr 03, 2024	8-K	Current Report
Mar 12, 2024	8-K	Current Report
Mar 08, 2024	424B5	Prospectus Filed

Peers (Alternatives to RadNet Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
DHR	196.1B	23.7B	10.13%	17.51%	44.54	8.26	-8.94%	-35.91%
A	45.2B	6.7B	12.76%	20.73%	36.58	6.71	-2.81%	-6.58%
IDXX	44.7B	3.7B	10.56%	11.11%	51.58	12	8.57%	23.94%
DGX	15.8B	9.3B	11.84%	7.84%	18.71	1.7	-3.29%	6.68%
NTRA	13.3B	1.2B	20.21%	118.71%	-36.48	11.03	39.26%	33.08%
MEDP	12.2B	2.0B	2.04%	87.82%	38.96	6.2	25.57%	21.62%
CRL	11.6B	4.1B	-3.32%	14.15%	26.37	2.81	0.49%	-11.59%
EXAS	9.6B	2.5B	-18.63%	-33.92%	-39.91	3.78	15.21%	53.51%
MID-CAP
GH	3.2B	603.7M	62.38%	-9.67%	-6.97	5.32	25.21%	30.68%
NEOG	2.9B	929.2M	10.28%	-20.84%	1.9K	3.13	28.93%	111.61%
SMALL-CAP
CDNA	769.8M	275.1M	88.15%	90.09%	-4.2	2.8	-13.93%	-126.97%
ACRS	84.1M	31.1M	-4.10%	-85.92%	-1.09	2.7	0.95%	19.75%
AWH	32.9M	9.2M	-21.45%	-32.59%	-2.23	3.59	11.85%	45.80%
APDN	2.7M	5.5M	708.82%	139.13%	-0.22	0.49	-68.52%	-141.15%
BIOC	183.8K	25.9M	-50.00%	-94.83%	-0.01	0.01	-57.78%	-93.11%

RadNet Inc News

Latest updates

RadNet Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.7%	432	420	402	404	391	384	350	354	342	333	333	334	315	308	292	191	282	301	293	289	272
Cost Of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	256	254	247	243
Operating Expenses	6.1%	420	396	359	379	384	362	343	335	343	331	300	306	304	288	269	216	290	278	276	267	264
EBITDA Margin	5.2%	0.15*	0.14*	0.14*	0.13*	0.13*	0.15*	0.14*	0.15*	0.15*	0.16*	0.17*	0.16*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.0%	16.00	17.00	16.00	16.00	16.00	15.00	12.00	11.00	12.00	12.00	12.00	12.00	13.00	12.00	11.00	11.00	12.00	11.00	12.00	12.00	12.00
Income Taxes	-347.7%	-1.86	1.00	7.00	-0.61	1.00	2.00	2.00	3.00	1.00	3.00	5.00	3.00	2.00	6.00	4.00	-4.47	-4.38	3.00	2.00	3.00	-1.23
Earnings Before Taxes	-47.3%	4.00	7.00	31.00	14.00	-13.15	7.00	9.00	17.00	10.00	3.00	26.00	11.00	18.00	17.00	14.00	-13.43	-18.38	15.00	7.00	11.00	-3.15
EBT Margin	39.5%	0.03*	0.02*	0.02*	0.01*	0.01*	0.03*	0.03*	0.04*	0.04*	0.04*	0.06*	0.05*	-	-	-	-	-	-	-	-	-
Net Income	-49.4%	-2.78	-1.86	18.00	8.00	-21.00	-0.94	1.00	8.00	3.00	-3.82	16.00	3.00	9.00	6.00	6.00	-10.59	-16.36	10.00	3.00	5.00	-3.73
Net Income Margin	581.4%	0.01*	0.00*	0.00*	-0.01*	-0.01*	0.01*	0.01*	0.02*	0.01*	0.02*	0.03*	0.02*	-	-	-	-	-	-	-	-	-
Free Cashflow	-80.8%	17.00	89.00	25.00	62.00	27.00	48.00	21.00	59.00	-4.98	43.00	36.00	25.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	10.4%	2,970	2,690	2,688	2,705	2,414	2,434	2,247	2,241	2,142	2,058	2,042	2,032	1,829	1,787	1,718	1,717	1,699	1,647	1,618	1,597	1,526
Current Assets	37.4%	796	579	579	603	343	367	325	319	289	324	340	335	223	270	259	248	280	241	240	234	216
Cash Equivalents	53.8%	527	343	338	357	91.00	128	95.00	99.00	71.00	135	151	141	31.00	102	89.00	85.00	94.00	40.00	38.00	31.00	10.00
Net PPE	2.4%	619	604	577	576	545	566	516	515	8.00	484	452	435	413	399	362	370	376	368	352	353	344
Goodwill	2.2%	694	679	676	688	0.00	678	80.00	578	11.00	514	503	502	0.00	-	-	-	-	-	-	-	-
Liabilities	0.8%	1,892	1,877	1,892	1,944	1,921	1,942	1,789	1,789	1,720	1,712	1,703	1,733	1,547	1,528	1,472	1,484	1,492	1,414	1,403	1,384	1,313
Current Liabilities	-2.2%	428	437	407	434	407	467	409	405	381	375	371	381	403	398	374	382	328	327	310	293	301
Shareholder's Equity	70.8%	1,077	631	619	761	493	333	458	451	421	346	339	299	281	258	246	24.00	207	233	215	212	214
Retained Earnings	-3.5%	-82.36	-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
Additional Paid-In Capital	34.1%	969	723	715	704	449	436	424	419	410	343	336	325	316	308	306	304	269	263	260	258	256
Shares Outstanding	28.0%	74.00	58.00	68.00	68.00	58.00	58.00	57.00	56.00	55.00	52.00	53.00	52.00	-	-	-	-	-	-	-	-	-
Minority Interest	11.9%	204	183	177	168	165	158	145	139	123	117	115	102	97.00	93.00	89.00	85.00	84.00	81.00	80.00	79.00	78.00
Float	-	-	-	-	2,100	-	-	-	1,000	-	-	-	1,500	-	-	-	691	-	-	-	577	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-80.8%	17,085	88,920	31,252	68,075	32,616	53,647	27,026	64,843	901	49,196	41,594	30,617	28,084	63,416	38,878	90,552	40,913	21,719	38,068	17,635	26,900
Share Based Compensation	120.1%	11,897	5,405	4,325	4,870	12,185	4,658	3,317	4,693	11,102	3,637	4,421	8,897	8,248	2,261	2,066	1,456	6,622	1,767	1,381	1,044	4,538
Cashflow From Investing	-25.3%	-60,937	-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
Cashflow From Financing	743.7%	228,298	-35,466	-3,201	238,123	-3,821	103,585	-3,313	-3,312	-3,313	-3,805	8,666	111,463	-11,651	-12,066	-14,056	-87,701	68,262	-13,754	-13,725	44,088	8,342

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RDNT Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
REVENUE
Total service revenue	$ 431,707	$ 390,564
OPERATING EXPENSES
Cost of operations, excluding depreciation and amortization	387,589	351,865
Depreciation and amortization	32,368	31,315
Loss (gain) on sale and disposal of equipment and other	186	579
Severance costs	225	134
Total operating expenses	420,368	383,893
INCOME FROM OPERATIONS	11,339	6,671
OTHER INCOME AND EXPENSES
Interest expense	16,267	15,722
Equity in earnings of joint ventures	(4,324)	(1,428)
Non-cash change in fair value of interest rate hedge	(1,216)	4,093
Other (income) expense	(2,934)	1,432
Total other expense	7,793	19,819
INCOME (LOSS) BEFORE INCOME TAXES	3,546	(13,148)
Benefit from (provision for) income taxes	1,864	(1,135)
NET INCOME (LOSS)	5,410	(14,283)
Net income attributable to noncontrolling interests	8,189	6,722
NET LOSS ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS	$ (2,779)	$ (21,005)
BASIC NET LOSS PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS, Basic (in dollars per share)	$ (0.04)	$ (0.36)
BASIC NET LOSS PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS, Diluted (in dollars per share)	$ (0.04)	$ (0.36)
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)	69,307,078	57,701,439
Diluted (in shares)	69,307,078	57,701,439
Service fee revenue
REVENUE
Total service revenue	$ 397,189	$ 352,420
Revenue under capitation arrangements
REVENUE
Total service revenue	$ 34,518	$ 38,144

RDNT Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 526,980	$ 342,570
Accounts receivable	189,572	163,707
Prepaid expenses and other current assets	45,007	47,657
Total current assets	795,828	579,276
PROPERTY, EQUIPMENT AND RIGHT-OF-USE ASSETS
Property and equipment, net	618,926	604,401
Operating lease right-of-use assets	621,612	596,032
Total property, equipment and right-of-use assets	1,240,538	1,200,433
OTHER ASSETS
Goodwill	694,292	679,463
Other intangible assets	86,883	90,615
Deferred financing costs	1,483	1,643
Investment in joint ventures	97,034	92,710
Deposits and other	53,497	46,333
Total assets	2,969,555	2,690,473
CURRENT LIABILITIES
Accounts payable, accrued expenses and other	324,578	342,940
Deferred revenue	4,475	4,647
Current operating lease liability	58,138	55,981
Current portion of notes payable	20,202	17,974
Total current liabilities	427,887	437,452
LONG-TERM LIABILITIES
Long-term operating lease liability	630,348	605,097
Notes payable, net of current portion	814,442	812,068
Deferred tax liability, net	14,479	15,776
Other non-current liabilities	5,074	6,721
Total liabilities	1,892,230	1,877,114
EQUITY
Common stock - $0.0001 par value, 200,000,000 shares authorized; 73,901,654 and 67,956,318 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	7	7
Additional paid-in-capital	969,248	722,750
Accumulated other comprehensive loss	(13,943)	(12,484)
Accumulated deficit	(82,357)	(79,578)
Total RadNet, Inc.'s stockholders' equity	872,955	630,695
Noncontrolling interests	204,370	182,664
Total equity	1,077,325	813,359
Total liabilities and equity	2,969,555	2,690,473
Affiliates
CURRENT ASSETS
Due from affiliates	34,269	25,342
CURRENT LIABILITIES
Due to affiliates	$ 20,494	$ 15,910

About RadNet Inc

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	Dr. Howard G. Berger M.D.
WEBSITE	radnet.com
INDUSTRY	Diagnostics & Research
EMPLOYEES	9000

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 Thu May 16 2024, market cap of RadNet Inc is 4.25 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 Thu May 16 2024, RDNT's PE ratio (Price to Earnings) is 200 and Price to Sales (PS) ratio is 2.57. 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 0.248 (multiply by 100 for percentage) rate of return.