The trading price of RAVE Restaurant Group, Inc. (NASDAQ:RAVE) closed higher on Tuesday, Jan 12, closing at $0.9, 7.41% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.9310 and $1.0500. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0.9. In examining the 52-week price action we see that the stock hit a 52-week high of $2.36 and a 52-week low of $0.38. Over the past month, the stock has gained 2.26% in value.
On the technical side, indicators suggest RAVE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned RAVE a recommendation rating is 1. Out of them, 1 rate it a Hold, while none recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged RAVE Restaurant Group, Inc. (RAVE) as Underperform, while not any of them advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that RAVE’s price is currently 5.74% off the SMA20 and 12.4% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.92, and weekly volatility stands at 6.4%. When measured over the past 30 days, the indicator reaches 8.85%. RAVE Restaurant Group, Inc. (NASDAQ:RAVE)’s beta value is currently sitting at 0.9, while the Average True Range indicator is currently displaying 0.09. With analysts defining $2.5-$2.5 as the low and high price targets, we arrive at a consensus price target of $2.5 for the trailing 12-month period. The current price is about 157.73% off the estimated low and 157.73% off the forecast high, based on this estimate. Investors will be thrilled if RAVE’s share price rises to $2.5, which is the median consensus price. At that level, RAVE’s share price would be +157.73% above current price.
To see how RAVE Restaurant Group, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: RAVE stock’s performance was +7.41% in the latest trading, and -42.52% in the past year, while McDonald’s Corp (MCD) has traded -1.23% on the day and positioned +2.46% higher than it was a year ago. Another comparable company Starbucks Corp (SBUX) saw its stock close -1.7% lower in the most recent trading session but was up +12.89% in a year. Furthermore, Chipotle Mexican Grill (CMG) showed an increase of 7.41% on the day while its price kept declining at -42.52% over the past year. RAVE Restaurant Group, Inc. has a P/E ratio of 0, compared to McDonald’s Corp’s 32.3 and Starbucks Corp’s 132.84. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of RAVE Restaurant Group, Inc. (NASDAQ:RAVE) indicates that the 3-month average is 1.24 Million. However, this figure has increased over the past 10 days to an average of 783.85 Million.
Currently, records show that 18Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 11.12% of outstanding shares, whereas institutions hold 37.65%. The stats also highlight that short interest as of December 14, 2020, stood at 27.51 Million shares, resulting in a short ratio of 0.02 at that time. From this, we can conclude that short interest is 0.15% of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 42.64 Million. However, since the stock’s price has seen +6.75% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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