The trading price of ReTo Eco-Solutions, Inc. (NASDAQ:RETO) floating higher at last check on Monday, Feb 22, closing at $1.18, 102.54% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.2900 and $3.6500. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $1.92 and a 52-week low of $0.3. Over the past month, the stock has gained 18.59% in value.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of ReTo Eco-Solutions, Inc. no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest RETO 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.
To see how ReTo Eco-Solutions, Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: RETO stock’s performance was +102.54% at last check in today’s session, and +23.58% in the past year, while Vulcan Materials Company (VMC) has been trading -0.12% in recent session and positioned +21.05% higher than it was a year ago. Another comparable company Martin Marietta Materials (MLM) saw its stock trading -1.19% lower in today’s session but was up +30.32% in a year. Furthermore, Cemex S.A.B. DE C.V. (CX) showed an increase of 102.54% today while its price kept rising at 23.58% over the past year. ReTo Eco-Solutions, Inc. has a P/E ratio of 0, compared to Vulcan Materials Company’s 37.25 and Martin Marietta Materials’s 29.11. Also during today’s trading, the S&P 500 Index has soared -0.48%, while the Dow Jones Industrial also saw a positive session, up +0.05% today.
An evaluation of the daily trading volume of ReTo Eco-Solutions, Inc. (NASDAQ:RETO) indicates that the 3-month average is 1.21 Million. However, this figure has increased over the past 10 days to an average of 1.96 Million.
Currently, records show that 24.14 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 55.27% of outstanding shares, whereas institutions hold 1.03%. The stats also highlight that short interest as of January 28, 2021, stood at 47.58 Million shares, resulting in a short ratio of 0.04 at that time. From this, we can conclude that short interest is 0.2% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 42.64 Million. However, since the stock’s price has seen +77.58% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.