While Raytech Holding Ltd has overperformed by 1.03%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RAY rose by 126.92%, with highs and lows ranging from $3.24 to $0.86, whereas the simple moving average jumped by 75.85% in the last 200 days.
Analysis of Raytech Holding Ltd (RAY)
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Raytech Holding Ltd’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 5.19, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and RAY is recording an average volume of 2.08M. On a monthly basis, the volatility of the stock is set at 8.25%, whereas on a weekly basis, it is put at 5.81%, with a gain of 7.66% over the past seven days.
How Do You Analyze Raytech Holding Ltd Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 31.19%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 0.82% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
