Raytech Holding Ltd (NASDAQ:RAY) shares, rose in value on Thursday, July 10, with the stock price up by 21.80% to the previous day’s close as strong demand from buyers drove the stock to $1.76.
Actively observing the price movement in the last trading, the stock closed the session at $1.45, falling within a range of $1.45 and $1.7784. Referring to stock’s 52-week performance, its high was $3.90, and the low was $0.86. On the whole, RAY has fluctuated by 46.67% over the past month.
With the market capitalization of Raytech Holding Ltd currently standing at about $30.99 million, investors are eagerly awaiting this quarter’s results, scheduled for in August.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RAY’s technical picture suggests that short-term indicators denote the stock is a 50% 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 100% Buy.
The stock’s technical analysis shows that the price of RAY currently trading nearly 40.46% and 12.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.19, while the 7-day volatility ratio is showing 9.21% which for the 30-day chart, stands at 9.57%. Furthermore, Raytech Holding Ltd (RAY)’s beta value is -4.97.
A comparison of Raytech Holding Ltd (RAY) with its peers suggests the former has fared considerably weaker in the market. RAY showed an intraday change of 21.80% in last session, and over the past year, it grew by 35.38%%.
Data on historical trading for Raytech Holding Ltd (NASDAQ:RAY) indicates that the trading volumes over the past 10 days have averaged 0.91 and over the past 3 months, they’ve averaged 1.43 million. According to company’s latest data on outstanding shares, there are 17.61 million shares outstanding.
Nearly 81.76% of Raytech Holding Ltd’s shares belong to company insiders and institutional investors own 1.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 42896.0 shares as on 2025-06-13, resulting in a short ratio of 0.03. According to the data, the short interest in Raytech Holding Ltd (RAY) stood at 107.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 0.33 million. The stock has fallen by -53.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RAY stock heading into the next quarter.