Rimini Street, Inc. (RMNI, Financial) experienced a notable stock price increase of 5.70%. The stock is currently priced at $2.04 per share, with a trading volume of 93,629 shares, a turnover rate of 0.10%, and a price fluctuation of 3.89%.
Recent financial reports reveal that Rimini Street achieved a revenue of $105 million, but reported a net loss of $43.10 million, resulting in an earnings per share (EPS) of -$0.47. The company's gross profit stands at $63.54 million, and it has a price-to-earnings (P/E) ratio of -5.25. Analyst ratings show that among four participating institutions, 25% recommend buying, while 75% suggest holding, with no sell recommendations.
In the software services industry, where Rimini Street operates, the overall growth was 0.52%. Notable performers in the sector include Palladyne Ai Corp C/Wts 24/09/2026 (To Pur Com), Palladyne Ai Corp., and Wellchange Holdings Company Limited, which saw significant price increases. Jet.AI, Palladyne Ai Corp., and Wellchange Holdings Company Limited were also active, with turnover rates of 1704.11%, 186.52%, and 172.04%, respectively. Stocks with substantial price fluctuations include Palladyne Ai Corp C/Wts 24/09/2026 (To Pur Com), Hub Cyber Security Ltd C/Wts 22/08/2025 (To Pur Com), and Palladyne Ai Corp., with amplitudes of 157.58%, 136.36%, and 104.40%.
Rimini Street, based in the United States, is a provider of enterprise software support products and services, specializing in third-party support for Oracle and SAP software. The company offers solutions for running, managing, supporting, customizing, configuring, connecting, protecting, monitoring, and optimizing clients' enterprise applications, databases, and technology software platforms. Key products include Oracle E-Business Suite, Oracle Database, Peoplesoft, and SAP Business Suite, with the majority of revenue generated in the U.S.
