Market Update: Raytech Holding Ltd (RAY) Sees Negative Movement, Closing at 1.61

In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.

In the latest session, Raytech Holding Ltd (NASDAQ: RAY) closed at $1.61 down -23.33% from its previous closing price of $2.10. In other words, the price has decreased by -$23.33 from its previous closing price. On the day, 0.81 million shares were traded. RAY stock price reached its highest trading level at $2.14 during the session, while it also had its lowest trading level at $1.4.

Ratios:

For a deeper understanding of Raytech Holding Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.22 and its Current Ratio is at 4.27. In the meantime, Its Debt-to-Equity ratio is 0.00 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, RAY now has a Market Capitalization of 28357092 and an Enterprise Value of -52690040. Its current Enterprise Value per Revenue stands at -0.682 whereas that against EBITDA is -6.331.

Stock Price History:

The Beta on a monthly basis for RAY is -5.64, which has changed by -0.61938536 over the last 52 weeks, in comparison to a change of 0.09765589 over the same period for the S&P500. Over the past 52 weeks, RAY has reached a high of $6.04, while it has fallen to a 52-week low of $0.86. The 50-Day Moving Average of the stock is -8.53%, while the 200-Day Moving Average is calculated to be -7.76%.

Shares Statistics:

For the past three months, RAY has traded an average of 3.00M shares per day and 1846130 over the past ten days. A total of 17.61M shares are outstanding, with a floating share count of 3.21M. Insiders hold about 81.76% of the company’s shares, while institutions hold 0.02% stake in the company. Shares short for RAY as of 1744675200 were 188462 with a Short Ratio of 0.06, compared to 1741910400 on 214219. Therefore, it implies a Short% of Shares Outstanding of 188462 and a Short% of Float of 4.7.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

Earnings Estimates

The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.

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