RDI Stock Summary and Trading Ideas (Reading Intl | NASDAQ:RDI)

Reading International Inc is a diversified company, engaged in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through two segments: the Cinema segment includes Reading Cinemas, Angelika Film Center, Consolidated Theatres, and City Cinemas; the Real Estate segment includes real estate development and the rental or licensing of retail, commercial, and live theater assets.

Reading Intl trades on the NASDAQ stock market under the symbol RDI.

As of April 25, 2024, RDI stock price declined to $1.63 with 19,276 million shares trading.

RDI has a beta of 0.33, meaning it tends to be less sensitive to market movements. RDI has a correlation of 0.02 to the broad based SPY ETF.

RDI has a market cap of $36.31 million. This is considered a Sub-Micro Cap stock.

Last quarter Reading Intl reported $45 million in Revenue and -$.56 earnings per share. This fell short of revenue expectation by $-7 million and missed earnings estimates by -$.17.

In the last 3 years, RDI stock traded as high as $7.15 and as low as $1.53.

The top ETF exchange traded funds that RDI belongs to (by Net Assets): VTI, VXF, DFAS, IWC, DFAC.

RDI has underperformed the market in the last year with a price return of -47.9% while the SPY ETF gained +23.1%. RDI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.8% and -11.5%, respectively, while the SPY returned +3.6% and -2.5%, respectively.

RDI support price is $1.56 and resistance is $1.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RDI stock will trade within this expected range on the day.