For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Ridgetech Inc (NASDAQ: RDGT) closed the day trading at $3.84 down -15.97% from the previous closing price of $4.57. In other words, the price has decreased by -$15.97 from its previous closing price. On the day, 67830.0 shares were traded. RDGT stock price reached its highest trading level at $4.7 during the session, while it also had its lowest trading level at $3.76.
Ratios:
For a better understanding of RDGT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.63. For the most recent quarter (mrq), Quick Ratio is recorded 1.44 and its Current Ratio is at 1.74. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.00.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RDGT now has a Market Capitalization of 40454432 and an Enterprise Value of 20092196. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 0.167 whereas that against EBITDA is 197.174.
Stock Price History:
The Beta on a monthly basis for RDGT is -0.56, which has changed by 1.2736318 over the last 52 weeks, in comparison to a change of 0.12159383 over the same period for the S&P500. Over the past 52 weeks, RDGT has reached a high of $5.07, while it has fallen to a 52-week low of $0.72. The 50-Day Moving Average of the stock is 75.65%, while the 200-Day Moving Average is calculated to be 171.97%.
Shares Statistics:
Over the past 3-months, RDGT traded about 127.40K shares per day on average, while over the past 10 days, RDGT traded about 215040 shares per day. A total of 5.86M shares are outstanding, with a floating share count of 3.58M. Insiders hold about 38.91% of the company’s shares, while institutions hold 0.87% stake in the company. Shares short for RDGT as of 1763078400 were 85753 with a Short Ratio of 0.67, compared to 1760486400 on 62757. Therefore, it implies a Short% of Shares Outstanding of 85753 and a Short% of Float of 1.0299999.
