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

Resources Connection Inc provides consulting and business initiative support services predominantly through its operative subsidiary, Resources Global Professionals. It has two segments RGP ( Resources Global Professionals.) and Sitrick. The RGP segment is focused on delivering consulting services catering to its client's operational needs and change initiatives utilizing a combination of bench and on-demand, talent. The Sitrick segment provides corporate, financial, transactional, and crisis communication and management services. The company generates a majority of its revenue from the RGP segment. Geographically, it derives its key revenue from North America and the rest from Europe and the Asia Pacific region.

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

As of November 15, 2024, RGP stock price declined to $8.34 with 318,963 million shares trading.

RGP has a beta of 0.96, meaning it tends to be less sensitive to market movements. RGP has a correlation of 0.12 to the broad based SPY ETF.

RGP has a market cap of $279.89 million. This is considered a Small Cap stock.

Last quarter Resources Connection reported $137 million in Revenue and $.00 earnings per share. This fell short of revenue expectation by $-985,000 and missed earnings estimates by -$.03.

In the last 3 years, RGP traded as high as $23.18 and as low as $7.90.

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

RGP has underperformed the market in the last year with a return of -37.8%, while the SPY ETF gained +32.1%. In the last 3 month period, RGP fell short of the market, returning -15.5%, while SPY returned +8.0%. However, in the most recent 2 weeks RGP has outperformed the stock market by returning +3.6%, while SPY returned +3.0%.

RGP support price is $8.26 and resistance is $8.66 (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 shares will trade within this expected range on the day.