Real Good Food Company Inc (RGF): Choosing The Technical Investor Route

Real Good Food Company Inc (NASDAQ:RGF) does about 739.16K shares in volume on a normal day but saw 1484199 shares change hands in Monday’s trading. The company now has a market cap of 7.14M USD. Its current market price is $0.36, marking a decrease of -18.55% compared to the previous close of $0.44. The 52 week high reached by this stock is $5.21 whilst the lowest price level in 52 weeks is $0.21.

Real Good Food Company Inc (RGF) has a 20-day trading average at $0.4155 and the current price is -93.07% off the 52-week high compared with 70.28% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4592 and its 200-day simple moving average is $1.9400. If we look at the stock’s price movements over the week, volatility stands at 30.54%, which decreases to 26.24% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.71 to suggest the stock is neutral.

The consensus objective for the share price is $0.50, suggesting that the stock has a potential upside of 28.0% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 20, 2024 when B. Riley Securities downgraded the stock to “Neutral” and issued a price target of between $6 and $0.50.

Real Good Food Company Inc (RGF) stock is down -54.24% over the week and 0.73% over the past month. Its price is -76.25% year-to-date and -90.00% over the past year.

To reach the target analysts have set, the stock logically needs to grow 28.0 percent from here.

The company has a return on investment of -9.19% and return on equity of -46.52%. The beta has a value of 0.32. Price to book ratio is 0.14 and price to sales ratio is 0.05.