Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Reitar Logtech Holdings Ltd (NASDAQ: RITR) closed the day trading at $2.49 down -9.45% from the previous closing price of $2.75. In other words, the price has decreased by -$9.45 from its previous closing price. On the day, 1.14 million shares were traded. RITR stock price reached its highest trading level at $2.71 during the session, while it also had its lowest trading level at $2.335.
Ratios:
For a better understanding of RITR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.58 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 0.50 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, RITR now has a Market Capitalization of 155502368 and an Enterprise Value of 210929040. As of this moment, Reitar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 155.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.20 while its Price-to-Book (P/B) ratio in mrq is 7.42. Its current Enterprise Value per Revenue stands at 0.558 whereas that against EBITDA is 16.979.
Stock Price History:
The Beta on a monthly basis for RITR is -0.22, which has changed by -0.46220303 over the last 52 weeks, in comparison to a change of 0.1719923 over the same period for the S&P500. Over the past 52 weeks, RITR has reached a high of $8.75, while it has fallen to a 52-week low of $2.24. The 50-Day Moving Average of the stock is -47.67%, while the 200-Day Moving Average is calculated to be -37.81%.
Shares Statistics:
Over the past 3-months, RITR traded about 807.00K shares per day on average, while over the past 10 days, RITR traded about 2008260 shares per day. A total of 45.63M shares are outstanding, with a floating share count of 14.93M. Insiders hold about 76.09% of the company’s shares, while institutions hold 0.15% stake in the company. Shares short for RITR as of 1757894400 were 159511 with a Short Ratio of 0.20, compared to 1755216000 on 189823. Therefore, it implies a Short% of Shares Outstanding of 159511 and a Short% of Float of 0.9199999999999999.
