RMBS Stock Summary and Trading Ideas (Rambus | NASDAQ:RMBS)

Rambus Inc is a semiconductor solutions provider offering high-speed, high-security computer chips and Silicon intellectual property. The company's key products include memory interface chips, built for high speed and efficiency; silicon IP, providing high-speed memory and chip-to-chip connection technology; and architecture licenses, which allow customers to use portions of Rambus' patented inventions for their own digital electronics. The firm receives the majority of its revenue from the United States, Taiwan, Asia, Japan, and Singapore.

Rambus trades on the NASDAQ stock market under the symbol RMBS.

As of April 19, 2024, RMBS stock price declined to $54.68 with 1,439,696 million shares trading.

RMBS has a beta of 2.00, meaning it tends to be more sensitive to market movements. RMBS has a correlation of 0.24 to the broad based SPY ETF.

RMBS has a market cap of $5.90 billion. This is considered a Mid Cap stock.

Last quarter Rambus reported $136 million in Revenue and $.47 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.02.

In the last 3 years, RMBS stock traded as high as $76.38 and as low as $17.95.

The top ETF exchange traded funds that RMBS belongs to (by Net Assets): VTI, IJH, VB, IWM, VXF.

RMBS has underperformed the market in the last year with a price return of +11.3% while the SPY ETF gained +21.2%. RMBS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -25.3% and -9.0%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

RMBS support price is $55.01 and resistance is $57.91 (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 RMBS stock will trade within this expected range on the day.