The trading price of Raytech Holding Ltd (NASDAQ:RAY) closed lower on Tuesday, December 31, and closing at $1.30, -5.80% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.23 and $1.335. In examining the 52-week price action we see that the stock hit a 52-week high of $6.04 and a 52-week low of $1.09. Over the past month, the stock has lost -7.80% in value.
Raytech Holding Ltd, whose market valuation is $22.89 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
A quick review shows that RAY’s price is currently -7.74% off the SMA20 and -12.89% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.50, and weekly volatility stands at 35.33%. When measured over the past 30 days, the indicator reaches 19.74%. Raytech Holding Ltd (NASDAQ:RAY)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.27.
To see how Raytech Holding Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: RAY stock’s performance was -5.80% in the latest trading.
An evaluation of the daily trading volume of Raytech Holding Ltd (NASDAQ:RAY) indicates that the 3-month average is 121.56K. However, this figure has increased over the past 10 days to an average of 0.63.
Currently, records show that 16.00 million of the company’s shares remain outstanding. The stats also highlight that short interest as of 2024-12-13, stood at 10251.0 shares, resulting in a short ratio of 0.59 at that time. From this, we can conclude that short interest is 26.00 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 27278.0. However, since the stock’s price has seen -69.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
