Radcom (NASDAQ:RDCM) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

Radcom Ltd. (NASDAQ:RDCM)’s stock price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $10.23 and traded as high as $11.48. Radcom shares last traded at $11.43, with a volume of 238,118 shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RDCM. Wall Street Zen raised shares of Radcom from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Needham & Company LLC raised their price target on Radcom from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings downgraded Radcom from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 9th. Finally, Zacks Research upgraded shares of Radcom from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Radcom currently has a consensus rating of “Hold” and a consensus target price of $16.00.

Radcom Stock Performance

The stock has a fifty day moving average of $10.26 and a 200 day moving average of $12.01. The company has a market capitalization of $187.66 million, a P/E ratio of 42.44 and a beta of 0.77.

Radcom (NASDAQ:RDCM) last posted its quarterly earnings data on Wednesday, November 11th. The technology company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $14.04 million for the quarter, compared to analysts’ expectations of $13.54 million. Radcom had a return on equity of 3.71% and a net margin of 6.40%. Research analysts anticipate that Radcom Ltd. will post -0.03 EPS for the current fiscal year.

Radcom declared that its Board of Directors has authorized a stock repurchase program on Thursday, September 17th that permits the company to repurchase $20 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 11.8% of its stock through open market purchases. Share repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Radcom

Institutional investors have recently made changes to their positions in the business. Eurizon Capital SGR S.p.A. lifted its holdings in Radcom by 22.8% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 13,499 shares of the technology company’s stock worth $138,000 after purchasing an additional 2,509 shares in the last quarter. Value Base Ltd. boosted its stake in Radcom by 6.6% in the 3rd quarter. Value Base Ltd. now owns 922,273 shares of the technology company’s stock worth $9,509,000 after purchasing an additional 57,264 shares during the period. Virtus Advisers LLC grew its holdings in Radcom by 16.8% during the 3rd quarter. Virtus Advisers LLC now owns 20,371 shares of the technology company’s stock valued at $210,000 after buying an additional 2,925 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Radcom during the 2nd quarter valued at approximately $35,000. Finally, NewEdge Advisors LLC purchased a new stake in Radcom during the 1st quarter valued at approximately $369,000. Hedge funds and other institutional investors own 48.32% of the company’s stock.

Radcom Company Profile

RADCOM Ltd. develops network intelligence and service assurance solutions for communications service providers. Its software helps operators monitor network performance, identify service issues and analyze customer experience across mobile and other communications networks. The company’s portfolio includes cloud-native monitoring and analytics products designed for modern virtualized networks, including 5G. RADCOM’s solutions collect and analyze network data to help providers troubleshoot problems and manage service quality.