Ridgetech Inc (NASDAQ: RDGT) is -31.64% lower on its value in year-to-date trading and has touched a low of $1.29 and a high of $4.50 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 RDGT stock was last observed hovering at around $1.44 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $1.21, the stock is -14.56% and -25.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -15.97% at the moment leaves the stock -39.86% off its SMA200. RDGT registered -66.24% loss for a year compared to 6-month loss of -19.87%.
The stock witnessed a -13.57% gain in the last 1 month and extending the period to 3 months gives it a -39.93%, and is -20.92% down 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 53.78% over the week and 17.85% over the month.
Ridgetech Inc (RDGT) has around 1003 employees, a market worth around $7.48M and $147.13M in sales. Profit margin for the company is -3.80%. Distance from 52-week low is -6.20% and -73.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.95%).
The shares outstanding are 6.18M, and float is at 3.79M with Short Float at 0.25%.
Ridgetech Inc (RDGT): Who are the competitors?
One of the company’s main competitors (and peers) include Walgreens Boots Alliance Inc. (WBA) that is trading -48.54% down over the past 12 months.PetMed Express Inc. (PETS) lies in the list of competitors of the Ridgetech Inc and is -19.52% lower over the same period from RDGTCVS Health Corp. (CVS) is -11.29% down on the 1-year trading charts.
