Retractable Technologies, Inc. (NYSE:RVP) shares, rose in value on Wednesday, Jan 13, with the stock price up by 7% to the previous day’s close as strong demand from buyers drove the stock to $11.93.
Actively observing the price movement in the last trading, the stock closed the session at $11.15, falling within a range of $10.90 and $12.26. The value of beta (5-year monthly) was 1.99 whereas the PE ratio was 24.5 over 12-month period. Referring to stock’s 52-week performance, its high was $15.79, and the low was $0.97. On the whole, RVP has fluctuated by 5.2% over the past month.
We see that RVP’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
A comparison of Retractable Technologies, Inc. (RVP) with its peers suggests the former has fared considerably better in the market. RVP showed an intraday change of +7% in last session, and over the past year, it grew by +659.87%. In comparison, Becton Dickinson and Company (BDX) has moved lower at -0.03% on the day and was down -4.69% over the past 12 months. On the other hand, the price of Align Technology (ALGN) has fallen -0.31% on the day. The stock, however, is off 91.63% from where it was a year ago. Additionally, there is a gain of 700% for Mckesson Corp (MCK) in last trading while the stock has seen an overall apprecation of 659.87% over the past year. The PE ratio stands at 24.5 for Retractable Technologies, Inc., compared to 96.38 for Becton Dickinson and Company, and 25.07 for Align Technology. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Retractable Technologies, Inc. (NYSE:RVP) indicates that the trading volumes over the past 10 days have averaged 935.59 Million and over the past 3 months, they’ve averaged 1.13 Million. According to company’s latest data on outstanding shares, there are 33.82 Million shares outstanding.
Nearly 60.62% of Retractable Technologies, Inc.’s shares belong to company insiders and institutional investors own 22.66% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 4.55 Million shares as on December 30, 2020, resulting in a short ratio of 2.52. According to the data, the short interest in Retractable Technologies, Inc. (RVP) stood at 13.44% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 2.85 Million. The stock has risen by +11.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RVP stock heading into the next quarter.
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