RGP Stock Summary and Trading Ideas (Resources Connection | NASDAQ:RGP)

Resources Connection Inc provides consulting and business initiative support services primarily through its operative subsidiary, Resources Global Professionals. It has two segments RGP ( Resources Global Professionals.) and Other segments. The company offers transformation and improvement, financial reporting and analysis, strategy development, and program and project management services and support. Its clients operate in the accounting, finance, corporate governance, risk and compliance management, corporate advisory, strategic communications and restructuring, information management, human capital, supply chain management, and legal and regulatory sectors.

Resources Connection trades on the NASDAQ stock market under the symbol RGP.

As of April 19, 2024, RGP stock price climbed to $11.27 with 344,790 million shares trading.

RGP has a beta of 0.64, meaning it tends to be less sensitive to market movements. RGP has a correlation of 0.10 to the broad based SPY ETF.

RGP has a market cap of $379.49 million. This is considered a Small Cap stock.

Last quarter Resources Connection reported $151 million in Revenue and $.17 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.12.

In the last 3 years, RGP stock traded as high as $23.18 and as low as $10.59.

The top ETF exchange traded funds that RGP belongs to (by Net Assets): IJR, CALF, VTI, IWM, VXF.

RGP has underperformed the market in the last year with a return of -24.1%, while the SPY ETF gained +21.2%. In the last 3 month period, RGP fell short of the market, returning -12.8%, while SPY returned +4.3%. However, in the most recent 2 weeks RGP has outperformed the stock market by returning -0.7%, while SPY returned -3.5%.

RGP support price is $10.83 and resistance is $11.27 (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 RGP stock will trade within this expected range on the day.