Rail Vision Ltd (NASDAQ:RVSN) shares, rose in value on Friday, March 07, with the stock price up by 0.85% to the previous day’s close as strong demand from buyers drove the stock to $0.50.
Actively observing the price movement in the last trading, the stock closed the session at $0.49. Referring to stock’s 52-week performance, its high was $4.23, and the low was $0.38. On the whole, RVSN has fluctuated by -24.06% over the past month.
With the market capitalization of Rail Vision Ltd currently standing at about $10.03 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RVSN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of RVSN currently trading nearly -16.50% and -46.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.96, while the 7-day volatility ratio is showing 11.80% which for the 30-day chart, stands at 13.98%. Furthermore, Rail Vision Ltd (RVSN)’s beta value is -0.19, and its average true range (ATR) is 0.10.
A comparison of Rail Vision Ltd (RVSN) with its peers suggests the former has fared considerably weaker in the market. RVSN showed an intraday change of 0.85% in last session, and over the past year, it shrunk by -74.67%%.
Data on historical trading for Rail Vision Ltd (NASDAQ:RVSN) indicates that the trading volumes over the past 3 months, they’ve averaged 7.94 million. According to company’s latest data on outstanding shares, there are 20.11 million shares outstanding.
Nearly 7.39% of Rail Vision Ltd’s shares belong to company insiders and institutional investors own 4.60% of the company’s shares. The stock has fallen by -76.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RVSN stock heading into the next quarter.
