Retractable Technologies Inc. [AMEX: RVP] gained 17.30% or 1.1 points to close at $7.46 with a heavy trading volume of 1442905 shares.
It opened the trading session at $6.40, the shares rose to $7.46 and dropped to $6.09, the range by which the price of stock traded the whole day. The daily chart for RVP points out that the company has recorded 562.82% gains over the past six months. However, it is still -728.89% lower than its most recent low trading price.
If we look at the average trading volume of 843.55K shares, RVP reached to a volume of 1442905 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Retractable Technologies Inc. [RVP]:
The Average True Range (ATR) for Retractable Technologies Inc. is set at 0.82, with the Price to Sales ratio for RVP stock in the period of the last 12 months amounting to 4.47. The Price to Book ratio for the last quarter was 7.61, with the Price to Cash per share for the same quarter was set at 0.57. Price to Free Cash Flow for RVP in the course of the last twelve months was 84.03 with Quick ratio for the last quarter at 2.30.
Trading performance analysis for RVP stock
Retractable Technologies Inc. [RVP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.17. With this latest performance, RVP shares dropped by -2.10% in over the last four-week period, additionally plugging by 562.82% over the last 6 months – not to mention a rise of 702.84% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RVP stock in for the last two-week period is set at 54.17, with the RSI for the last a single of trading hit 62.67, and the three-weeks RSI is set at 51.82 for Retractable Technologies Inc. [RVP]. The present Moving Average for the last 50 days of trading for this stock 8.28, while it was recorded at 6.40 for the last single week of trading, and 4.34 for the last 200 days.
Retractable Technologies Inc. [RVP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Retractable Technologies Inc. [RVP] shares currently have an operating margin of +7.11 and a Gross Margin at +33.83. Retractable Technologies Inc.’s Net Margin is presently recorded at +7.53.
Return on Total Capital for RVP is now 9.92, given the latest momentum, and Return on Invested Capital for the company is 10.64. Return on Equity for this stock inclined to 11.63, with Return on Assets sitting at 7.62. When it comes to the capital structure of this company, Retractable Technologies Inc. [RVP] has a Total Debt to Total Equity ratio set at 9.53. Additionally, RVP Total Debt to Total Capital is recorded at 8.70, with Total Debt to Total Assets ending up at 5.94. Long-Term Debt to Equity for the company is recorded at 8.56, with the Long-Term Debt to Total Capital now at 7.61.
Reflecting on the efficiency of the workforce at the company, Retractable Technologies Inc. [RVP] managed to generate an average of $22,487 per employee. Receivables Turnover for the company is 7.19 with a Total Asset Turnover recorded at a value of 1.01.Retractable Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 3.10.
An analysis of insider ownership at Retractable Technologies Inc. [RVP]
There are presently around $39 million, or 21.10% of RVP stock, in the hands of institutional investors. The top three institutional holders of RVP stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 1,541,897, which is approximately 27.504% of the company’s market cap and around 44.80% of the total institutional ownership; BLACKROCK INC., holding 690,294 shares of the stock with an approximate value of $5.15 million in RVP stocks shares; and VANGUARD GROUP INC, currently with $4.94 million in RVP stock with ownership of nearly 20.977% of the company’s market capitalization.
Positions in Retractable Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 45 institutional holders increased their position in Retractable Technologies Inc. [AMEX:RVP] by around 2,806,516 shares. Additionally, 7 investors decreased positions by around 146,752 shares, while 2 investors held positions by with 2,274,041 shares. The mentioned changes placed institutional holdings at 5,227,309 shares, according to the latest SEC report filing. RVP stock had 33 new institutional investments in for a total of 1,218,594 shares, while 4 institutional investors sold positions of 137,584 shares during the same period.