RAVE Restaurant Group Inc. (NASDAQ:RAVE) price on Friday, October 08, rose 0.78% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.30.
A look at the stock’s price movement, the close in the last trading session was $1.29, moving within a range at $1.29 and $1.34. The beta value (5-Year monthly) was 0.88 while the PE ratio in trailing twelve months stood at 17.11. Turning to its 52-week performance, $2.09 and $0.65 were the 52-week high and 52-week low respectively. Overall, RAVE moved 0.78% over the past month.
RAVE Restaurant Group Inc.’s market cap currently stands at around $23.59 million, with investors looking forward to this quarter’s earnings report slated for Nov 10, 2021 – Nov 15, 2021.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that RAVE is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend RAVE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.71, with RAVE’s current price about 1.76% and 2.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.99, while 7-day volatility ratio is 5.42% and 6.51% in the 30-day chart. Further, RAVE Restaurant Group Inc. (RAVE) has a beta value of 0.83, and an average true range (ATR) of 0.08. Analysts have given the company’s stock an average 52-week price target of $2.50, forecast between a low of $2.50 and high of $2.50. Looking at the price targets, the low is -92.31% off current price level while to achieve the yearly target high, price needs to move -92.31%. Nonetheless, investors will most likely welcome a -92.31% jump to $2.50 which is the analysts’ median price.
In the market, a comparison of RAVE Restaurant Group Inc. (RAVE) and its peers suggest the former has performed considerably stronger. Data shows RAVE’s intraday price has changed 0.78% in last session and 31.09% over the past year. Comparatively, Domino’s Pizza Inc. (DPZ) has moved -0.50% on the day and only 19.78% in the past 12 months. Looking at another peer, we see that Papa John’s International Inc. (PZZA) price has dipped -2.24% on the day. However, the stock is 54.05% off its price a year ago. Moreover, Potbelly Corporation (PBPB) is also down -3.99% in trading on the day while keeping a an uptrend of 74.46% over the past year. If we look at the PE ratio, we find that RAVE Restaurant Group Inc.’s ratio stands at 17.11 compared to Domino’s Pizza Inc.’s 38.70. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.19% and -0.03% respectively in the last trading.
If we refocus on RAVE Restaurant Group Inc. (NASDAQ:RAVE), historical trading data shows that trading volumes averaged 0.45 million over the past 10 days and 351.31K over the past 3 months. The company’s latest data on shares outstanding shows there are 21.24 million shares.
The 11.12% of RAVE Restaurant Group Inc.’s shares are in the hands of company insiders while institutional holders own 39.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 50900.0 on May 27, 2021, giving us a short ratio of 0.12. The data shows that as of May 27, 2021 short interest in RAVE Restaurant Group Inc. (RAVE) stood at 0.28% of shares outstanding, with shares short falling to 0.1 million registered in Apr 29, 2021. Current price change has pushed the stock 42.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RAVE stock continues to rise going into the next quarter.