Can Buying Raytech Holding Ltd (NASDAQ: RAY) Still Be Worthwhile?

Raytech Holding Ltd (NASDAQ:RAY) does about 3.34M shares in volume on a normal day but saw 2748930 shares change hands in the recent trading day. The company now has a market cap of 31.87M USD. Its current market price is $1.81, marking a decrease of -1.09% compared to the previous close of $1.83. The 52 week high reached by this stock is $4.64 whilst the lowest price level in 52 weeks is $0.86.

Raytech Holding Ltd (RAY) has a 20-day trading average at $1.8260 and the current price is -60.99% off the 52-week high compared with 110.47% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.8712 and its 200-day simple moving average is $1.6308. If we look at the stock’s price movements over the week, volatility stands at 9.49%, which increases to 22.03% 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 50.40 to suggest the stock is neutral.

The current price level is -0.88%, -3.27%, and 10.99% away from its SMA20, SMA50, and SMA200 respectively, with the RAY price moving above the 50-day SMA on current market day. Raytech Holding Ltd (RAY) stock is up 3.43% over the week and -33.94% over the past month. Its price is 39.23% year-to-date and -58.68% over the past year.

Outstanding shares total 17.61M with insiders holding 81.76% of the shares and institutional holders owning 1.42% of the company’s common stock. The beta has a value of -4.99. Price to book ratio is 3.38.

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