Is RAVE Restaurant Group Inc. (RAVE) a good stock to buy now?

RAVE Restaurant Group Inc. (NASDAQ: RAVE) is 4.83% higher on its value in year-to-date trading and has touched a low of $0.38 and a high of $2.36 in the current 52-week trading range. The RAVE stock was last observed hovering at around $0.95 in the last trading session, with the day’s gains setting it 0.1% off its average median price target of $2.50 for the next 12 months. It is also 58.0% off the consensus price target high of $2.50 offered by 1 analysts, but current levels are 58.0% higher than the price target low of $2.50 for the same period.

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Currently trading at $1.05, the stock is 14.63% and 19.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 10.05% at the moment leaves the stock 41.06% off its SMA200. RAVE registered -43.21% loss for a year compared to 6-month gain of 38.28%. The firm has a 50-day simple moving average (SMA 50) of $0.9282 and a 200-day simple moving average (SMA200) of $0.7053.

The stock witnessed a 0.43% loss in the last 1 month and extending the period to 3 months gives it a 25.46%, and is 4.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.24% over the week and 8.14% over the month.

RAVE Restaurant Group Inc. (RAVE) has around 22 employees, a market worth around $17.36M and $9.10M in sales. Profit margin for the company is -48.50%. Distance from 52-week low is 176.32% and -55.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-156.80%).

RAVE Restaurant Group Inc. (RAVE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for RAVE Restaurant Group Inc. (RAVE) is a “Hold”. 1 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

RAVE Restaurant Group Inc. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -461.60% this year.

RAVE Restaurant Group Inc. (RAVE) Top Institutional Holders

18 institutions hold shares in RAVE Restaurant Group Inc. (RAVE), with 2M shares held by insiders accounting for 11.12% while institutional investors hold 42.36% of the company’s shares. The shares outstanding are 15.45M, and float is at 12.91M with Short Float at 0.21%. Institutions hold 37.65% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 0.24 million shares valued at $0.11 million. The investor’s holdings represent 1.34% of the RAVE Shares outstanding. As of Sep 29, 2020, the second largest holder is Watchman Group, Inc. with 0.21 million shares valued at $94242.0 to account for 1.18% of the shares outstanding. The other top investors are CALPERS (California-Public Employees Retirement System) which holds 64220.0 shares representing 0.36% and valued at over $28487.0, while Virtu Financial LLC holds 0.35% of the shares totaling 62798.0 with a market value of $27857.0.

RAVE Restaurant Group Inc. (RAVE) Insider Activity

A total of 4 insider transactions have happened at RAVE Restaurant Group Inc. (RAVE) in the last six months, with sales accounting for 0 and purchases happening 4 times. The most recent transaction is an insider purchase by FENDLEY CLINTON DAYNE, the company’s Vice President – Finance. SEC filings show that FENDLEY CLINTON DAYNE bought 34,883 shares of the company’s common stock on Dec 01 at a price of $0.87 per share for a total of $30348.0. Following the purchase, the insider now owns 55716.0 shares.

RAVE Restaurant Group Inc. disclosed in a document filed with the SEC on Nov 30 that Solano Brandon (Chief Executive Officer) bought a total of 5,836 shares of the company’s common stock. The trade occurred on Nov 30 and was made at $0.86 per share for $5019.0. Following the transaction, the insider now directly holds 39669.0 shares of the RAVE stock.

Still, SEC filings show that on Oct 05, FENDLEY CLINTON DAYNE (Vice President – Finance) acquired 20,833 shares at an average price of $0.49 for $10208.0. The insider now directly holds 20,833 shares of RAVE Restaurant Group Inc. (RAVE).

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RAVE Restaurant Group Inc. (RAVE): Who are the competitors?

The company’s main competitors (and peers) include Domino’s Pizza Inc. (DPZ) that is trading 29.54% up over the past 12 months. Potbelly Corporation (PBPB) is 22.03% up on the 1-year trading charts. Short interest in the company’s stock has risen 63.74% from the last report on Nov 29, 2020 to stand at a total of 51430.0 short shares sold with a short interest ratio of 0.12.

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