80 institutions hold shares in RADA Electronic Industries Ltd. (RADA), with 3.16M shares held by insiders accounting for 7.21% while institutional investors hold 38.90% of the company’s shares. The shares outstanding are 49.03M, and float is at 40.64M with Short Float at 3.20%. Institutions hold 36.10% of the Float.
The top institutional shareholder in the company is Phoenix Holdings Ltd. with over 2.15 million shares valued at $20.95 million. The investor’s holdings represent 6.53% of the RADA Shares outstanding. As of Dec 30, 2020, the second largest holder is Wellington Management Group, LLP with 1.43 million shares valued at $13.92 million to account for 4.34% of the shares outstanding. The other top investors are Meitav Dash Investments Ltd which holds 1.42 million shares representing 4.32% and valued at over $13.88 million, while G2 Investment Partners Management LLC holds 3.49% of the shares totaling 1.15 million with a market value of $11.21 million.
RADA Electronic Industries Ltd. (NASDAQ: RADA) is 26.56% higher on its value in year-to-date trading and has touched a low of $3.87 and a high of $14.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RADA stock was last observed hovering at around $12.39 in the last trading session, with the day’s loss setting it -0.05% off its average median price target of $16.50 for the next 12 months. It is also 35.05% off the consensus price target high of $19.00 offered by 4 analysts, but current levels are 22.88% higher than the price target low of $16.00 for the same period.
Currently trading at $12.34, the stock is -3.09% and -2.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing -0.40% at the moment leaves the stock 36.40% off its SMA200. RADA registered 171.81% gain for a year compared to 6-month gain of 93.72%. The firm has a 50-day simple moving average (SMA 50) of $12.51 and a 200-day simple moving average (SMA200) of $10.23.
The stock witnessed a 12.28% loss in the last 1 month and extending the period to 3 months gives it a 25.41%, and is 0.16% 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 2.43% over the week and 4.90% over the month.
RADA Electronic Industries Ltd. (RADA) has around 244 employees, a market worth around $605.09M and $76.22M in sales. Current P/E ratio is 94.92 and Fwd P/E is 21.28. Distance from 52-week low is 218.86% and -16.62% from its 52-week high.
RADA Electronic Industries Ltd. (RADA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for RADA Electronic Industries Ltd. (RADA) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.20, where 0 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
RADA Electronic Industries Ltd. is expected to release its quarterly report on 08/18/2021 and quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $24.5M over the same period.The EPS is expected to grow by 200.00% this year, but quarterly earnings will post 60.60% year-over-year.
RADA Electronic Industries Ltd. (RADA): Who are the competitors?
The company’s main competitors (and peers) include Lockheed Martin Corporation (LMT) that is trading -3.06% down over the past 12 months. Short interest in the company’s stock has fallen -58.28% from the last report on Apr 14, 2021 to stand at a total of 1.3 million short shares sold with a short interest ratio of 2.01.