Rave Restaurant Group Inc (NASDAQ: RAVE) has a price-to-earnings ratio of 13.83x that is above its average ratio. Additionally, the 36-month beta value for RAVE is 0.57. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RAVE is 9.60M and currently, short sellers hold a 0.11% ratio of that float. The average trading volume of RAVE on September 27, 2024 was 19.14K shares.
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RAVE) stock’s latest price update
Rave Restaurant Group Inc (NASDAQ: RAVE)’s stock price has soared by 20.69 in relation to previous closing price of 1.74. Nevertheless, the company has seen a gain of 17.98% in its stock price over the last five trading days. accesswire.com reported 2024-09-26 that DALLAS, TX / ACCESSWIRE / September 26, 2024 / RAVE Restaurant Group, Inc. (NASDAQ:RAVE) today reported financial results for the fourth quarter and fiscal year ended June 30, 2024. Fourth Quarter Highlights: The Company recorded net income of $0.9 million for the fourth quarter of fiscal 2024 compared to net income of $0.6 million for the same period of the prior year.
RAVE’s Market Performance
Rave Restaurant Group Inc (RAVE) has experienced a 17.98% rise in stock performance for the past week, with a 14.44% rise in the past month, and a 2.94% rise in the past quarter. The volatility ratio for the week is 10.40%, and the volatility levels for the past 30 days are at 5.48% for RAVE. The simple moving average for the past 20 days is 18.52% for RAVE’s stock, with a 8.37% simple moving average for the past 200 days.
Analysts’ Opinion of RAVE
ROTH Capital, on the other hand, stated in their research note that they expect to see RAVE reach a price target of $14, previously predicting the price at $20. The rating they have provided for RAVE stocks is “Buy” according to the report published on November 13th, 2015.
Wunderlich gave a rating of “Buy” to RAVE, setting the target price at $18 in the report published on June 18th of the previous year.
RAVE Trading at 16.45% from the 50-Day Moving Average
After a stumble in the market that brought RAVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.45% of loss for the given period.
Volatility was left at 5.48%, however, over the last 30 days, the volatility rate increased by 10.40%, as shares surge +15.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.82% upper at present.
During the last 5 trading sessions, RAVE rose by +17.98%, which changed the moving average for the period of 200-days by -4.55% in comparison to the 20-day moving average, which settled at $1.7900. In addition, Rave Restaurant Group Inc saw -5.83% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RAVE starting from Solano Brandon, who purchase 5,776 shares at the price of $1.71 back on Mar 11 ’24. After this action, Solano Brandon now owns 464,551 shares of Rave Restaurant Group Inc, valued at $9,877 using the latest closing price.
Solano Brandon, the Chief Executive Officer of Rave Restaurant Group Inc, purchase 5,600 shares at $1.74 during a trade that took place back on Mar 12 ’24, which means that Solano Brandon is holding 470,151 shares at $9,744 based on the most recent closing price.
Stock Fundamentals for RAVE
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.67 for the gross margin
The net margin for Rave Restaurant Group Inc stands at 0.19. The total capital return value is set at 0.2. Equity return is now at value 20.75, with 15.66 for asset returns.
Based on Rave Restaurant Group Inc (RAVE), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 2.85. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -60.38.
Currently, EBITDA for the company is 1.92 million with net debt to EBITDA at -0.57. When we switch over and look at the enterprise to sales, we see a ratio of 2.41. The receivables turnover for the company is 7.63for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.22.
Conclusion
In conclusion, Rave Restaurant Group Inc (RAVE) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
