Raytech Holding Ltd (NASDAQ:RAY) price on current trading day, rose 15.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.21.
A look at the stock’s price movement, the close in the last trading session was $1.92, moving within a range at $2.01 and $2.2399. Turning to its 52-week performance, $6.04 and $0.86 were the 52-week high and 52-week low respectively. Overall, RAY moved 30.77% over the past month.
Raytech Holding Ltd’s market cap currently stands at around $38.92 million, with investors looking forward to this quarter’s earnings report slated for in May.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RAY is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
RAY’s current price about 34.10% and 63.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.88, while 7-day volatility ratio is 13.55% and 22.13% in the 30-day chart. Further, Raytech Holding Ltd (RAY) has a beta value of 0, and an average true range (ATR) of 0.32.
If we refocus on Raytech Holding Ltd (NASDAQ:RAY), historical trading data shows that trading volumes averaged 1.86 over the past 10 days and 2.51 million over the past 3 months. The company’s latest data on shares outstanding shows there are 17.61 million shares.
The 81.76% of Raytech Holding Ltd’s shares are in the hands of company insiders while institutional holders own 0.02% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.21 million on 2025-03-14, giving us a short ratio of 0.04. The data shows that as of 2025-03-14 short interest in Raytech Holding Ltd (RAY) stood at 534.0000200000001 of shares outstanding, with shares short rising to 20252.0 registered in 2025-02-14. Current price change has pushed the stock 70.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RAY stock continues to rise going into the next quarter.
