Raytech Holding Ltd (NASDAQ:RAY) concluded the trading at $1.58 on Wednesday, March 12 with a fall of -6.51% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $1.69 with its price kept floating in the range of $1.5 and $1.85 on the day. Considering stock’s 52-week price range provides that RAY hit a high price of $6.04 and saw its price falling to a low level of $0.86 during that period. Over a period of past 1-month, stock came adding 34.47% in its value.
In contrast, when we review RAY stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of Hold for it.
Digging deeper we become aware of the PEG ratio of the RAY stock which is currently positioned at 0. It further provides that stock’s current price level is 40.02% away from its 20-day simple moving average and is 30.25% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 65.97 while volatility remained at 39.82% over the past week which changes to 16.85% when measuring it over the past month. Average true range or ATR is currently at 0.21.
Having a second look at Raytech Holding Ltd (NASDAQ:RAY) provides that stock’s average daily trading volume for 3 months was 1.90 million, while it jumped to 10846670 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 17.61 million.
The percentage of outstanding shares held by the insiders is 81.76% while it is 0.02% for the institutional holders. The figures also indicate that as of 2025-02-28, number of stock’s short shares was 13181.0 which implies a short ratio of 0.65. This shows down a 33.00 of Short Interest in company’s outstanding shares on the day. In February the standing of shares short improved as it was 31474.0 in the previous month. Addition of 21.54% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
