On September 27, 2024, at 3:26 PM EST, Rimini Street, Inc. (RMNI, Financial) experienced significant stock volatility, with the price plunging 5.15%. The stock is currently trading at $1.94 per share with a trading volume of 178,757 shares, reflecting a turnover rate of 0.20% and a price fluctuation of 9.31%.
Recent financial reports reveal that Rimini Street, Inc. achieved a revenue of $103 million, with a net loss of $1.15 million, and an earnings per share (EPS) of -$0.01. The company reported a gross profit of $60.94 million and holds a P/E ratio of 10.67.
Analysts’ ratings show that out of four institutions covering the stock, 25% recommend a buy, while 75% advocate holding the stock. No institutions suggest selling it.
In the software services sector, which saw an overall decline of 0.50%, notable gainers included Datchat Inc, Rezolve Ai Ltd, and Digiasia Corp. Active stocks within the sector were Microalgo, Inc., Freight Technologies, Inc., and Alpha Technology Group Limited, with turnover rates of 128.79%, 31.93%, and 31.46% respectively. The most volatile stocks included Surgepays Inc, Digiasia Corp, and Multisensor Ai Holdings Inc, with swing rates of 154.29%, 50.73%, and 50.67% respectively.
Rimini Street, Inc. is a US-based provider of enterprise software support products and services. It is a third-party support provider for Oracle and SAP software products offering a variety of solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize clients' enterprise applications, databases, and technology software platforms. Major revenue for the company comes from the United States.
