The trading price of RxSight Inc (NASDAQ:RXST) closed lower on Friday, July 12, closing at $47.72, -4.14% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $66.54 and a 52-week low of $20.66. Over the past month, the stock has lost -17.04% in value.
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RxSight Inc, whose market valuation is $1.86 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest RXST has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that RXST’s price is currently -15.70% off the SMA20 and -18.49% off the SMA50. The RSI metric on the 14-day chart is currently showing 26.36, and weekly volatility stands at 9.04%. When measured over the past 30 days, the indicator reaches 5.27%. RxSight Inc (NASDAQ:RXST)’s beta value is currently sitting at 1.16, while the Average True Range indicator is currently displaying 3.10.
To see how RxSight Inc stock has been performing in comparison to its peers in the industry, here are the numbers: RXST stock’s performance was -4.14% in the latest trading, and 55.24% in the past year.
An evaluation of the daily trading volume of RxSight Inc (NASDAQ:RXST) indicates that the 3-month average is 458.93K.
Currently, records show that 38.98 million of the company’s shares remain outstanding. The insiders hold 5.12% of outstanding shares, whereas institutions hold 78.79%. However, since the stock’s price has seen 18.35% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
