The stock of Raytech Holding Ltd (RAY) has seen a 17.04% increase in the past week, with a 16.18% gain in the past month, and a -14.76% decrease in the past quarter. The volatility ratio for the week is 33.09%, and the volatility levels for the past 30 days are at 17.43% for RAY. The simple moving average for the past 20 days is 12.38% for RAY’s stock, with a -33.63% simple moving average for the past 200 days.
Is It Worth Investing in Raytech Holding Ltd (NASDAQ: RAY) Right Now?
The public float for RAY is 3.21M and currently, short sellers hold a 0.32% of that float. On December 27, 2024, RAY’s average trading volume was 27.94K shares.
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RAY) stock’s latest price update
Raytech Holding Ltd (NASDAQ: RAY)’s stock price has plunge by 44.95relation to previous closing price of 1.09. Nevertheless, the company has seen a 17.04% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-24 that HONG KONG, Oct. 24, 2024 (GLOBE NEWSWIRE) — Raytech Holding Limited (Nasdaq: RAY) (the “Company” or “RAY”), a Hong Kong-headquartered company specializing in design, sourcing and wholesale of personal care electrical appliances for international brand owners, today announced the results of the Company’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”) held on October 23, 2024, at 9:00 a.m. HK time (October 22, 2024, at 9:00 p.m., U.S. Eastern time) at its executive office at Unit 609, 6/F, Nan Fung Commercial Centre, No.19 Lam Lok Street, Kowloon Bay, Hong Kong, and virtually by teleconference.
RAY Trading at 5.34% from the 50-Day Moving Average
After a stumble in the market that brought RAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.84% of loss for the given period.
Volatility was left at 17.43%, however, over the last 30 days, the volatility rate increased by 33.09%, as shares surge +21.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.95% lower at present.
During the last 5 trading sessions, RAY rose by +17.04%, in comparison to the 20-day moving average, which settled at $1.4060. In addition, Raytech Holding Ltd saw -62.65% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RAY
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.22 for the gross margin
The net margin for Raytech Holding Ltd stands at 0.15. The total capital return value is set at 0.37.
Currently, EBITDA for the company is 11.36 million with net debt to EBITDA at -3.16. When we switch over and look at the enterprise to sales, we see a ratio of 2.69. The receivables turnover for the company is 4.6for trailing twelve months and the total asset turnover is 1.15.
Conclusion
To wrap up, the performance of Raytech Holding Ltd (RAY) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
