Rail Vision Ltd (NASDAQ:RVSN) shares, rose in value, with the stock price down by -3.17% to the previous day’s close as strong demand from buyers drove the stock to $1.83.
Actively observing the price movement in the last trading, the stock closed the session at $1.89. Referring to stock’s 52-week performance, its high was $23.37, and the low was $1.01. On the whole, RVSN has fluctuated by -7.11% over the past month.
Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $142k, representing a decrease of -66.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that RVSN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RVSN currently trading nearly -25.87% and -66.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.54, while the 7-day volatility ratio is showing 14.08% which for the 30-day chart, stands at 21.08%. Furthermore, Rail Vision Ltd (RVSN)’s beta value is 1.31, and its average true range (ATR) is 0.62.
A comparison of Rail Vision Ltd (RVSN) with its peers suggests the former has fared considerably weaker in the market. RVSN showed an intraday change of -3.17% in last session, and over the past year, it shrunk by -75.54%%.
Data on historical trading for Rail Vision Ltd (NASDAQ:RVSN) indicates that the trading volumes over the past 10 days have averaged 1.54 million and over the past 3 months, they’ve averaged 8.07 million. According to company’s latest data on outstanding shares, there are 3.00 million shares outstanding.
Nearly 45.24% of Rail Vision Ltd’s shares belong to company insiders and institutional investors own 0.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.44 million shares as on Mar 15, 2024, resulting in a short ratio of 0.05. According to the data, the short interest in Rail Vision Ltd (RVSN) stood at 3.88% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.23 million. The stock has risen by 20.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RVSN stock heading into the next quarter.
