Raytech Holding Ltd (NASDAQ: RAY) is -47.50% lower on its value in year-to-date trading and has touched a low of $0.86 and a high of $3.90 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 RAY stock was last observed hovering at around $1.76 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $1.89, the stock is 47.25% and 20.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.45 million and changing 7.39% at the moment leaves the stock 21.84% off its SMA200. RAY registered 45.38% gain for a year compared to 6-month loss of 35.97%. The firm has a 50-day simple moving average (SMA 50) of $1.5623 and a 200-day simple moving average (SMA200) of $1.551275.
The stock witnessed a 53.66% gain in the last 1 month and extending the period to 3 months gives it a -14.48%, and is 38.46% 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 10.84% over the week and 9.93% over the month.
Distance from 52-week low is 119.77% and -51.54% 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 0.97%. Institutions hold 1.42% of the Float.
