Reading International Stock Today
| RDI Stock | USD 1.51 0.05 3.42% |
Performance0 of 100
| Odds Of DistressLess than 41
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Reading International is trading at 1.51 as of the 30th of November 2024. This is a 3.42 percent increase since the beginning of the trading day. The stock's open price was 1.46. Reading International has about a 41 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Reading International are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain Media & Entertainment | IPO Date 17th of March 1992 | Category Communication Services |
Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. Reading International, Inc. was incorporated in 1999 and is headquartered in New York, New York. The company has 20.75 M outstanding shares of which 129.45 K shares are at this time shorted by investors with about 5.45 days to cover. More on Reading International
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Reading Stock Highlights
| CEO | Ellen Cotter | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Entertainment (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [RDI REIT P.L.C, Rockwell Diamonds Inc.] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Movies & Entertainment, Media & Entertainment, Communication Services, NASDAQ Composite, NASDAQ Composite Total, Entertainment, Communication Services, Entertainment, Entertainment, Communication Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsReading International can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Reading International's financial leverage. It provides some insight into what part of Reading International's total assets is financed by creditors.
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Reading International (RDI) is traded on NASDAQ Exchange in USA. It is located in 189 Second Avenue, New York, NY, United States, 10003 and employs 2,025 people. Reading International is listed under Movies & Entertainment category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a total capitalization of 42.38 M. Reading International runs under Entertainment sector within Communication Services industry. The entity has 20.75 M outstanding shares of which 129.45 K shares are at this time shorted by investors with about 5.45 days to cover.
Reading International has about 51.39 M in cash with (10.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.33, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
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Ownership AllocationReading International owns a total of 20.75 Million outstanding shares. 30% of Reading International outstanding shares are owned by third-party entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Reading Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Blackrock Inc | 2024-06-30 | 86.8 K | |
| Gabelli Funds Llc | 2024-09-30 | 52.5 K | |
| Northern Trust Corp | 2024-09-30 | 48.3 K | |
| Keller Group Invmt Management Inc | 2024-06-30 | 45.7 K | |
| Susquehanna International Group, Llp | 2024-06-30 | 44.4 K | |
| State Street Corp | 2024-06-30 | 44.1 K | |
| Elkhorn Partners Limited Partnership | 2024-09-30 | 42.5 K | |
| Logan Stone Capital, Llc | 2024-06-30 | 26.6 K | |
| Nj State Employees Deferred Compnstin Pl | 2024-09-30 | 13.5 K | |
| Nantahala Capital Management, Llc | 2024-09-30 | 3.2 M | |
| Krilogy Advisors Llc | 2024-09-30 | 2.1 M |
Reading International Historical Income Statement
Reading Stock Against Markets
Reading International Corporate Executives
Elected by the shareholders, the Reading International's board of directors comprises two types of representatives: Reading International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reading. The board's role is to monitor Reading International's management team and ensure that shareholders' interests are well served. Reading International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Reading International's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gilbert Avanes | Interim CFO and Treasurer | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reading International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more detail on how to invest in Reading Stock please use our How to Invest in Reading International guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reading International. If investors know Reading will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reading International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.29) | Earnings Share (1.88) | Revenue Per Share 9.128 | Quarterly Revenue Growth (0.28) | Return On Assets (0.02) |
The market value of Reading International is measured differently than its book value, which is the value of Reading that is recorded on the company's balance sheet. Investors also form their own opinion of Reading International's value that differs from its market value or its book value, called intrinsic value, which is Reading International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reading International's market value can be influenced by many factors that don't directly affect Reading International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reading International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reading International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reading International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.