Rimini Street, Inc. (RMNI, Financial) experienced a significant stock movement with a 5.14% drop in its share price. The stock is currently trading at $1.76 per share, with a trading volume of 109,039 shares and a turnover rate of 0.12%. The volatility for the stock is recorded at 4.05%.
In its recent financial report, Rimini Street declared a revenue of $105 million and a net loss of $43.1 million, translating to an earnings per share (EPS) of -$0.47. The company reported a gross profit of $63.54 million, resulting in a negative price-to-earnings (P/E) ratio of -4.66.
According to analyst ratings, out of four institutions covering Rimini Street, 25% recommend buying the stock, while 75% suggest holding, with no recommendations for selling.
Within the software services sector, where Rimini Street operates, the overall decline was 0.29%. Compared to its peers, stocks such as Simpple Ltd., Nvni Group Ltd C/Wts 01/11/2028, and Earlyworks Co Ltd showed notable gains. Simpple Ltd. and Cemtrex Inc. displayed significant activity, with turnover rates of 1696.81% and 655.86% respectively, while Simpple Ltd., Triller Group Inc., and Alpha Technology Group Limited exhibited high volatility, with respective amplitudes of 259.37%, 46.49%, and 44.64%.
Rimini Street, Inc. is a key provider of enterprise software support services, specializing in third-party support for Oracle and SAP products. The company offers comprehensive solutions for running, managing, and optimizing client enterprise applications and technology platforms, including products like Oracle E-Business Suite, Oracle Database, PeopleSoft, and SAP Business Suite. The majority of Rimini Street's revenue is generated from the United States.
