Ruanyun Edai Technology Inc (NASDAQ: RYET): Retirees Don’t Worry About Volatility

Ruanyun Edai Technology Inc (NASDAQ:RYET) currently has a daily average trading volume of 667.70K but it saw 1000864 shares traded in last market. With a market cap of 278.44M USD, the company’s current market price of $8.25 came rising about 62.72 while comparing to the previous closing price of $5.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.34 and as low as $4.00. In the recent trading on the day, stock has struck highest price mark of $4.7634 while lowest mark touched by it was $8.698.

Taking a look at 20-day trading activity of Ruanyun Edai Technology Inc (RYET) gives us an average price of N/A, while its current price level is -1.08% below from 52-week high level whereas it is 106.25% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 34.70% during that period. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 65.73 which implies that the stock is in neutral territory.

Over the week, RYET’s stock price is moving 22.04% up. Year-to-date it is 82.93% up and over the past year.

The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Ruanyun Edai Technology Inc’s total number of outstanding shares is 33.75M with 62.28% of that held by the insiders while 0.00% of its common stock has been owned by the institutions.