Raytech Holding Ltd [NASDAQ: RAY] traded at a high on Thursday, posting a 28.89 gain after which it closed the day’ session at $2.32.
The results of the trading session contributed to over 6096332 shares changing hands. Over the past one week, the price volatility of Raytech Holding Ltd stands at 12.37% while the volatility over the past one month is 15.11%.
The market cap for RAY stock reached $40.86 million, with 17.61 million shares outstanding and 3.21 million shares in the current float. Compared to the average trading volume of 3.40M shares, RAY reached a trading volume of 6096332 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Raytech Holding Ltd [RAY]?
The Average True Range (ATR) for Raytech Holding Ltd is set at 0.31 The Price to Book ratio for the last quarter was 4.33, with the Price to Cash per share for the same quarter was set at 0.59.
How has RAY stock performed recently?
Raytech Holding Ltd [RAY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 39.76. With this latest performance, RAY shares dropped by -19.72% in over the last four-week period, additionally plugging by 34.88% over the last 6 months – not to mention a drop of -36.44% 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 RAY stock in for the last two-week period is set at 62.20, with the RSI for the last a single of trading hit 69.93, and the three-weeks RSI is set at 58.92 for Raytech Holding Ltd [RAY]. The present Moving Average for the last 50 days of trading for this stock 1.8900, while it was recorded at 1.8900 for the last single week of trading, and 1.6200 for the last 200 days.
Raytech Holding Ltd [RAY]: Deeper insight into the fundamentals
Raytech Holding Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.22 and a Current Ratio set at 4.27.
