LiveRamp Holdings Inc (NYSE:RAMP) shares, rose in value on Friday, May 30, with the stock price down by -0.15% to the previous day’s close as strong demand from buyers drove the stock to $32.58.
Actively observing the price movement in the last trading, the stock closed the session at $32.63. Referring to stock’s 52-week performance, its high was $36.08, and the low was $21.45. On the whole, RAMP has fluctuated by 24.54% over the past month.
With the market capitalization of LiveRamp Holdings Inc currently standing at about $2.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 803.35M, with a low estimate of 190.48M and a high estimate of 192M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 191.22M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RAMP’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of RAMP currently trading nearly 10.15% and 18.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.92, while the 7-day volatility ratio is showing 2.00% which for the 30-day chart, stands at 4.69%. Furthermore, LiveRamp Holdings Inc (RAMP)’s beta value is 1.02, and its average true range (ATR) is 1.24.
A comparison of LiveRamp Holdings Inc (RAMP) with its peers suggests the former has fared considerably weaker in the market. RAMP showed an intraday change of -0.15% in last session, and over the past year, it grew by 4.69%%.
Data on historical trading for LiveRamp Holdings Inc (NYSE:RAMP) indicates that the trading volumes over the past 3 months, they’ve averaged 641.91K. According to company’s latest data on outstanding shares, there are 65.42 million shares outstanding.
Nearly 3.56% of LiveRamp Holdings Inc’s shares belong to company insiders and institutional investors own 94.76% of the company’s shares. The stock has risen by 7.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RAMP stock heading into the next quarter.
