A surge of optimism now envelops Riverstone Holdings (SGX:AP4), with the one-year price target ascending to 0.74 per share. This upward revision amounts to a significant 6.57% from the prior estimate of 0.70 disclosed back on January 16, 2024.
The price target signifies an amalgamation of numerous projections furnished by analysts. The latest targets exhibit a spectrum ranging from a modest low of 0.63 to a lofty high of 0.86 per share. The average price target epitomizes a commendable 4.87% jump from the most recent closing price of 0.71 per share.
Fundamental Insight: Gauging Market Sentiment
Presently, a cohort of 1 fund or institution divulges their positions in Riverstone Holdings. This reflects a downturn of 1 owner, showcasing a stark 50.00% decline within the last quarter. The mean portfolio weight attributed to AP4 by all funds stands at 0.00%, manifesting a substantial dip of 98.96%. Noteworthy is the descent in the total shares owned by institutions which fell by 0.00% in the bygone three months, now lodging at 47K shares.
Action in Shareholder Sphere: Insights from the Field
The JISAX – International Small Company Fund Class NAV retains 47K shares, representing 0.00% ownership of the firm, with an unaltered stance in the last quarter.
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The views and opinions articulated herein represent the sentiments of the author and may not necessarily mirror those of Nasdaq, Inc.
