Reitar Logtech Holdings Ltd. (NASDAQ: RITR) has a higher price-to-earnings ratio of 109.98x compared to its average ratio.
The public float for RITR is 13.79M, and currently, short sellers hold a 0.04% ratio of that float. The average trading volume of RITR on October 09, 2024 was 396.81K shares.
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RITR) stock’s latest price update
Reitar Logtech Holdings Ltd. (NASDAQ: RITR)’s stock price has plunge by -10.96relation to previous closing price of 5.20. Nevertheless, the company has seen a -14.10% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-24 that Two small IPOs debuted this past week, while six IPOs submitted initial filings. Six IPOs submitted initial filings this week, including four names which filed to raise $100 million or more. There are no sizeable IPOs scheduled to list in the week ahead, though we’re tracking four micro-caps from Asia that could potentially price their deals.
RITR’s Market Performance
The volatility ratio for the week is 10.96% while the volatility levels for the last 30 days are 14.29% for Reitar Logtech Holdings Ltd. The simple moving average for the past 20 days is -0.65% for RITR’s stock, with a -3.65% simple moving average for the past 200 days.
RITR Trading at -3.65% from the 50-Day Moving Average
After a stumble in the market that brought RITR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.61% of loss for the given period.
Volatility was left at 14.29%, however, over the last 30 days, the volatility rate increased by 10.96%, as shares sank -8.13% for the moving average over the last 20 days.
During the last 5 trading sessions, RITR fell by -14.10%, in comparison to the 20-day moving average, which settled at $4.66. In addition, Reitar Logtech Holdings Ltd. saw 11.57% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for RITR
Equity return is now at value 22.40, with 8.87 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
To put it simply, Reitar Logtech Holdings Ltd. (RITR) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
