+Compare
RAD
Stock ticker:
NYSE
AS OF
Aug 5 closing price
Price
$8.99
Change
+$0.25 (+2.86%)
Capitalization
500.08M

RAD Price Prediction, Rite Aid Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Aug 05, 2022

RAD's RSI Indicator recovers from overbought zone

The 10-day RSI Oscillator for RAD moved out of overbought territory on August 02, 2022. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 instances where the indicator moved out of the overbought zone. In 33 of the 36 cases the stock moved lower in the days that followed. This puts the odds of a move down at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 52 cases where RAD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RAD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

RAD broke above its upper Bollinger Band on August 01, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 18, 2022. You may want to consider a long position or call options on RAD as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for RAD just turned positive on July 19, 2022. Looking at past instances where RAD's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RAD advanced for three days, in of 273 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 103 cases where RAD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. RAD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.523) is normal, around the industry mean (5.650). P/E Ratio (0.000) is within average values for comparable stocks, (54.798). RAD has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (0.020) is also within normal values, averaging (3.469).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RAD’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

RAD is expected to report earnings to fall 16.22% to -50 cents per share on September 22

Rite Aid Corp RAD Stock Earnings Reports
Q3'22
Est.
$-0.50
Q2'22
Beat
by $0.10
Q1'22
Missed
by $1.14
Q4'21
Beat
by $0.33
Q3'21
Beat
by $0.07
The last earnings report on June 23 showed earnings per share of -60 cents, beating the estimate of -70 cents. With 1.11M shares outstanding, the current market capitalization sits at 500.08M.
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Walgreens Boots Alliance (NASDAQ:WBA), Rite Aid Corp (NYSE:RAD).

Industry description

The drugstore chains industry includes stores that sell medicines (both prescription and non-prescription), health, beauty and personal care products. Over time, many pharmacy retail chains have launched their own pharmacy benefits management services. Since demand for medical products is typically less sensitive to economic cycles, drugstore retail chains industry could be largely considered as non-cyclical. CVS Health Corporation, Walgreens Boots Alliance Inc. and Rite Aid Corporation are some of the biggest operators in this industry.

Market Cap

The average market capitalization across the Drugstore Chains Industry is 2.82B. The market cap for tickers in the group ranges from 4.14K to 33.7B. WBA holds the highest valuation in this group at 33.7B. The lowest valued company is ALST at 4.14K.

High and low price notable news

The average weekly price growth across all stocks in the Drugstore Chains Industry was -0%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was -27%. CJJD experienced the highest price growth at 22%, while LFLY experienced the biggest fall at -44%.

Volume

The average weekly volume growth across all stocks in the Drugstore Chains Industry was -56%. For the same stocks of the Industry, the average monthly volume growth was -15% and the average quarterly volume growth was -34%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 76
Price Growth Rating: 69
SMR Rating: 34
Profit Risk Rating: 91
Seasonality Score: 3 (-100 ... +100)
AI

View a ticker or compare two or three

AI
A.I. Advisor
published General Information

General Information

an operator of retail drug stores

Industry DrugstoreChains

Profile
Fundamentals
Details
Industry
Drugstore Chains
Address
30 Hunter Lane
Phone
+1 717 761-2633
Employees
50000
Web
https://www.riteaid.com

Interesting Tickers

1D
1W
1M
1Q
6M
1Y
5Y
1 Day
MFs / NAMEPrice $Chg $Chg %
WMCVX8.950.09
+1.02%
Wasatch Small Cap Value
MAGKX12.890.06
+0.47%
Mutual of America Small Cap Growth
PRAFX13.580.05
+0.37%
T. Rowe Price Real Assets
MLMIX15.20-0.04
-0.26%
Morgan Stanley Instl Global Core I
EKGCX21.35-0.08
-0.37%
Allspring Special Global Small Cap C

RAD and

Correlation & Price change

A.I.dvisor indicates that over the last year, RAD has been loosely correlated with WBA. These tickers have moved in lockstep 49% of the time. This A.I.-generated data suggests there is some statistical probability that if RAD jumps, then WBA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RAD
1D Price
Change %
RAD100%
+3.10%
WBA - RAD
49%
Loosely correlated
+0.03%
PETS - RAD
30%
Poorly correlated
-0.28%
YI - RAD
30%
Poorly correlated
-9.70%
LFMD - RAD
27%
Poorly correlated
+3.53%
MEDS - RAD
21%
Poorly correlated
-3.08%
More