Rite Aid Stock Today

RAD
 Stock
  

USD 5.14  0.27  4.99%   

Market Performance
0 of 100
Odds Of Distress
Less than 39
Rite Aid is trading at 5.14 as of the 6th of October 2022, a -4.99 percent decrease since the beginning of the trading day. The stock's lowest day price was 5.09. Rite Aid has about a 39 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Rite Aid Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of September 2022 and ending today, the 6th of October 2022. Click here to learn more.
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation was founded in 1962 and is headquartered in Philadelphia, Pennsylvania. Rite Aid is traded on New York Stock Exchange in the United States. The company has 55.77 M outstanding shares of which 11.09 M shares are at this time shorted by investors with about 3.44 days to cover. More on Rite Aid Corp

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Rite Aid Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Rite Aid's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Rite Aid or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Rite Aid Corp generated a negative expected return over the last 90 days
Rite Aid Corp has high historical volatility and very poor performance
The company reported the last year's revenue of 24.42 B. Reported Net Loss for the year was (635.61 M) with profit before taxes, overhead, and interest of 5.11 B.
About 65.0% of the company shares are owned by institutional investors
Latest headline from www.investing.com: Todays Important Price Target Changes By Investing.com - Investing.com
CEOHeyward Donigan
Average Analyst Recommendation
Analysts covering Rite Aid report their recommendations after researching Rite Aid's financial statements, talking to executives and customers, or listening in on Rite Aid's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Rite Aid Corp. The Rite Aid consensus assessment is calculated by taking the average forecast from all of the analysts covering Rite Aid.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Rite Aid's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellUndervalued
Rite Aid Corp (RAD) is traded on New York Stock Exchange in USA and employs 53,000 people. The company currently falls under 'Small-Cap' category with total capitalization of 319.01 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Rite Aid's market, we take the total number of its shares issued and multiply it by Rite Aid's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Rite Aid Corp runs under Healthcare sector within Pharmaceutical Retailers industry. The entity has 55.77 M outstanding shares of which 11.09 M shares are at this time shorted by investors with about 3.44 days to cover. Rite Aid Corp has about 56.06 M in cash with 113.16 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.01.
Check Rite Aid Probability Of Bankruptcy
Ownership
Rite Aid Corp has a total of 55.77 Million outstanding shares. Over half of Rite Aid Corp outstanding shares are owned by third-party entities. These third-party entities are typically referred to corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulation than regular investors in Rite Aid. Please watch out for any change in the institutional holdings of Rite Aid Corp as this could mean something significant has changed or about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation (%)

Check Rite Aid Ownership Details

Rite Aid Stock Price Odds Analysis

What are Rite Aid's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Rite Aid jumping above the current price in 90 days from now is about 97.0%. The Rite Aid Corp probability density function shows the probability of Rite Aid stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.396 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Rite Aid will likely underperform. Additionally, the company has an alpha of 0.0013, implying that it can generate a 0.00132 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 5.14HorizonTargetOdds Above 5.14
2.70%90 days
 5.14 
97.28%
Based on a normal probability distribution, the odds of Rite Aid to move above the current price in 90 days from now is about 97.0 (This Rite Aid Corp probability density function shows the probability of Rite Aid Stock to fall within a particular range of prices over 90 days) .

Rite Aid Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Rite Aid that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Rite Aid's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Rite Aid's value.
InstituionSecurity TypeTotal SharesValue
Blackrock IncCommon Shares4.6 M31 M
Vanguard Group IncCommon Shares3.8 M25.6 M
Lombard Odier Asset Management Usa CorpPut Options1.2 M8.1 M
Citadel Advisors LlcCall Options573.8 K3.9 M
View Rite Aid Diagnostics

Rite Aid Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Rite Aid market risk premium is the additional return an investor will receive from holding Rite Aid long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Rite Aid. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Rite Aid's alpha and beta are two of the key measurements used to evaluate Rite Aid's performance over the market, the standard measures of volatility play an important role as well.

Rite Aid Stock Against Markets

Picking the right benchmark for Rite Aid stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Rite Aid stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Rite Aid is critical whether you are bullish or bearish towards Rite Aid Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Rite Aid without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Rite Aid Corporate Directors

Rite Aid corporate directors refer to members of a Rite Aid board of directors. The board of directors generally takes responsibility for the Rite Aid's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Rite Aid's board members must vote for the resolution. The Rite Aid board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Joseph Anderson - Independent DirectorProfile
Elizabeth Burr - Independent DirectorProfile
Michael Regan - Lead Independent DirectorProfile
Arun Nayar - Independent DirectorProfile

Invested in Rite Aid Corp?

The danger of trading Rite Aid Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Rite Aid is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Rite Aid. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Rite Aid Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at Your Equity Center. Note that the Rite Aid Corp information on this page should be used as a complementary analysis to other Rite Aid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running Rite Aid Corp price analysis, check to measure Rite Aid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rite Aid is operating at the current time. Most of Rite Aid's value examination focuses on studying past and present price action to predict the probability of Rite Aid's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Rite Aid's price. Additionally, you may evaluate how the addition of Rite Aid to your portfolios can decrease your overall portfolio volatility.
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Is Rite Aid's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rite Aid. If investors know Rite Aid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rite Aid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Rite Aid Corp is measured differently than its book value, which is the value of Rite Aid that is recorded on the company's balance sheet. Investors also form their own opinion of Rite Aid's value that differs from its market value or its book value, called intrinsic value, which is Rite Aid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rite Aid's market value can be influenced by many factors that don't directly affect Rite Aid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rite Aid's value and its price as these two are different measures arrived at by different means. Investors typically determine Rite Aid value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rite Aid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.