Raytech Holding Ltd (NASDAQ: RAY) is 122.31% higher on its value in year-to-date trading and has touched a low of $0.86 and a high of $4.64 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 RAY stock was last observed hovering at around $2.65 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $2.89, the stock is 54.09% and 40.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing 9.06% at the moment leaves the stock 78.85% off its SMA200. RAY registered -21.89% loss for a year compared to 6-month gain of 122.31%. The firm has a 50-day simple moving average (SMA 50) of $2.0258 and a 200-day simple moving average (SMA200) of $1.61361.
The stock witnessed a 37.62% loss in the last 1 month and extending the period to 3 months gives it a 214.10%, and is 30.77% 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 10.20% over the week and 14.10% over the month.
Distance from 52-week low is 236.05% and -37.72% from its 52-week high.
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Raytech Holding Ltd (RAY) Top Institutional Holders
6.0 institutions hold shares in Raytech Holding Ltd (RAY), with institutional investors hold 7.79% of the company’s shares. The shares outstanding are 17.61M, and float is at 3.21M with Short Float at 10.32%. Institutions hold 1.42% of the Float.
Raytech Holding Ltd (RAY) Insider Activity
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