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Are we looking at the next big move in Rite Aid Corporation (RAD)?

Rite Aid Corporation (NYSE: RAD) is -41.62% lower on its value in year-to-date trading and has touched a low of $1.78 and a high of $11.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RAD stock was last observed hovering at around $1.99 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $1.95, the stock is -2.91% and -13.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing -2.01% at the moment leaves the stock -56.58% off its SMA200. RAD registered -65.30% loss for a year compared to 6-month loss of -65.36%. The firm has a 50-day simple moving average (SMA 50) of $0.24 and a 200-day simple moving average (SMA200) of -$22.64.

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The stock witnessed a -15.95% gain in the last 1 month and extending the period to 3 months gives it a -52.55%, and is 3.72% 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 5.36% over the week and 6.22% over the month.

Rite Aid Corporation (RAD) has around 47000 employees, a market worth around $113.86M and $24.09B in sales. Profit margin for the company is -3.10%. Distance from 52-week low is 9.55% and -83.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.80%).

Rite Aid Corporation is expected to release its quarterly report on 06/22/2023.The EPS is expected to shrink by -37.70% this year.

Rite Aid Corporation (RAD) Top Institutional Holders

The shares outstanding are 55.02M, and float is at 54.38M with Short Float at 27.15%.

Rite Aid Corporation (RAD) Insider Activity

A total of 1 insider transactions have happened at Rite Aid Corporation (RAD) in the last six months, with sales accounting for 1 and purchases happening 0 times.

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