The trading price of Raytech Holding Ltd (NASDAQ:RAY) closed higher on Tuesday, May 27, and closing at $2.39, 8.14% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $4.64 and a 52-week low of $0.86. Over the past month, the stock has lost -7.00% in value.
Raytech Holding Ltd, whose market valuation is $42.09 million at the time of this writing, is expected to release its quarterly earnings report in June. 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.
On the technical side, indicators suggest RAY has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that RAY’s price is currently 37.95% off the SMA20 and 23.98% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.41, and weekly volatility stands at 13.37%. When measured over the past 30 days, the indicator reaches 15.13%. Raytech Holding Ltd (NASDAQ:RAY)’s beta value is currently sitting at -5.18, while the Average True Range indicator is currently displaying 0.34.
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 8.14% in the latest trading, and -32.10% in the past year.
An evaluation of the daily trading volume of Raytech Holding Ltd (NASDAQ:RAY) indicates that the 3-month average is 3.44 million.
Currently, records show that 17.61 million of the company’s shares remain outstanding. The insiders hold 81.76% of outstanding shares, whereas institutions hold 1.42%. However, since the stock’s price has seen 83.85% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
