Rambus (RMBS) : During the past 4 weeks, traders have been relatively bearish on Rambus (RMBS), hence the stock is down -3.91% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.06% relative to the S&P 500. The 4-week change in the price of the stock is -5.85% and the stock has fallen -0.53% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.63% and the 50-Day Moving Average is 2.96%.The 200 Day SMA reached 4.18% Rambus Inc. is up 9.4% in the last 3-month period. Year-to-Date the stock performance stands at 12.42%.
Rambus (RMBS) : 4 Wall Street analysts covering Rambus (RMBS) believe that the average level the stock could reach for the short term is $14.38. The maximum price target given is $16 and the minimum target for short term is around $13, hence the standard deviation is calculated at $1.49.
For the current week, the company shares have a recommendation consensus of Buy. Rambus (NASDAQ:RMBS): The stock opened at $13.03 and touched an intraday high of $13.06 on Friday. During the day, the stock corrected to an intraday low of $12.78, however, the bulls stepped in and pushed the price higher to close in the green at $13.03 with a gain of 0.77% for the day. The total traded volume for the day was 1,481,912. The stock had closed at $13.03 in the previous trading session.
Rambus Inc. is a technology solutions company. The Companys technology portfolio addresses the evolving power, performance and security requirements of the mobile, cloud computing and connected device markets. It offers solutions in memory, chip interfaces and architectures, security and advanced light emitting diode (LED) lighting. The Company has four operational units: Memory and Interfaces Division (MID), which focuses on the design, development and licensing of technology that is related to memory and interfaces; Cryptography Research Division (CRD), which focuses on the design, development and licensing of technologies for chip and system security and anti-counterfeiting; Emerging Solutions Division (ESD), which includes the Companys computational sensing and imaging group along with its development efforts in the area of emerging technologies, and Lighting and Display Technologies (LDT), which focuses on the design, development and licensing of technologies for lighting.