/RNNEX
RNNEX Stock - American Funds The New Economy Fund Class R-2E
Financial Services|Asset ManagementNASDAQ
$67.97+1.10%
+$0.74 (+1.10%) • Dec 22
61
GoAI Score
GoAI Score
Weighted average: Momentum (25%) + Sentiment (35%) + Risk (20%) + Value (20%). ≥70 = BUY, ≤35 = SELL.HOLD
Medium Confidence
Momentum
Momentum Score
Based on price vs 50-day MA (40%), 200-day MA (40%), and MA crossover (20%). Higher = stronger uptrend.47
Sentiment
Sentiment Score
Based on analyst price target upside. 50 = neutral, 100 = very bullish (25%+ upside expected).70
Risk Score
Risk Score
Based on stock beta (volatility). Higher score = lower risk. Red (<40) = high volatility, Green (>60) = stable.75
Price Target
Price Target
Average analyst price target from the last quarter. Shows expected upside/downside from current price.+10.0%upside
Target: $74.77
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Active Trade Setup
ENTRY ZONE$67.29 – $68.65
TARGET (TP)$78.17
STOP LOSS$62.53
RISK/REWARD1:1.9
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Price Chart
Financial Statements
Revenue & Profitability Trend
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Revenue
Net Income (Profit)
Net Loss
Key Metrics
Market CapN/A
P/E RatioN/A
Beta1.12
52W High$75.95
52W Low$49.06
Avg VolumeN/A
Income Statement (Fiscal Year)
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $2.40B | $2.28B | $2.05B | $1.75B | $1.78B |
| Gross Profit | $1.15B | $1.07B | $1.01B | $795.33M | $793.02M |
| Gross Margin | 47.9% | 47.0% | 49.2% | 45.3% | 44.5% |
| Operating Income | $304.34M | $254.21M | $262.29M | $174.34M | $174.22M |
| Net Income | $232.39M | $173.91M | $219.97M | $100.10M | $139.97M |
| Net Margin | 9.7% | 7.6% | 10.7% | 5.7% | 7.9% |
| EPS | $1.40 | $1.04 | $1.31 | $0.60 | $0.83 |
Company Overview
The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50% of its assets in issuers based outside the United States, including those based in developing countries.
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Earnings History & Surprises
RNNEXBeat Rate
0%
Last 0 quarters
Avg Surprise
+0%
EPS vs Estimate
Beats / Misses
0/0
Last 12 quarters
Latest EPS
$0.32
Q3 2023
EPS Surprise History
Q3 23
No data
Beat Estimate
Missed Estimate
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q3 2023 | Sep 30, 2023 | — | $0.32 | — | — |
Latest News
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Frequently Asked Questions about RNNEX
What is RNNEX's current stock price?
American Funds The New Economy Fund Class R-2E (RNNEX) is currently trading at $67.97 per share. The stock has moved +1.10% today.
What is the analyst price target for RNNEX?
No analyst price targets are currently available for this stock.
What sector is American Funds The New Economy Fund Class R-2E in?
American Funds The New Economy Fund Class R-2E operates in the Financial Services sector, specifically within the Asset Management industry. The company is traded on the NASDAQ exchange.
What is RNNEX's market cap?
American Funds The New Economy Fund Class R-2E has a market capitalization of $43.99 billion, making it a large-cap company.
Does RNNEX pay dividends?
No, American Funds The New Economy Fund Class R-2E does not currently pay a dividend to shareholders.
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