Raytech Holding Ltd [NASDAQ: RAY] stock went on an upward path that rose over 11.98% on Wednesday, amounting to a one-week price increase of more than 68.17%.
Over the last 12 months, RAY stock rose by 86.92%.
The market cap for the stock reached $42.79 million, with 17.61 million shares outstanding and 3.21 million shares in the current float. Compared to the average trading volume of 1.40M shares, RAY stock reached a trading volume of 3887661 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Raytech Holding Ltd [RAY]:
The Price to Book ratio for the last quarter was 4.53, with the Price to Cash per share for the same quarter was set at 0.59.
RAY Stock Performance Analysis:
Raytech Holding Ltd [RAY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 68.17. With this latest performance, RAY shares gained by 115.04% in over the last four-week period, additionally plugging by 100.83% over the last 6 months – not to mention a rise of 86.92% 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 75.58, with the RSI for the last a single of trading hit 0.21, and the three-weeks RSI is set at 0.23 for Raytech Holding Ltd [RAY]. The present Moving Average for the last 50 days of trading for this stock 1.57, while it was recorded at 2.04 for the last single week of trading, and 1.56 for the last 200 days.
Insight into Raytech Holding Ltd Fundamentals:
When it comes to the capital structure of this company, Raytech Holding Ltd [RAY] has a Total Debt to Total Equity ratio set at 0.00.
Raytech Holding Ltd [RAY] Institutonal Ownership Details
There are presently around $1.42%, or 7.79% of RAY stock, in the hands of institutional investors.
