How have the shares performed?
RAVE Restaurant Group Inc. (RAVE) saw an uptrend of 5.22% in the recent trading with $1.41 being its most recent. The current price level -40.25% lower than the highest price of $2.36 marked by the stock while trading over the past 52-weeks, whereas it is 271.05% higher than the lowest price of $0.38 the company dropped to over past 52-weeks. The latest news story on RAVE appeared in PR Newswire under the title “Pizza Inn Adds Unlimited Stuffed Crust to the All Day Every Day Buffet” on May-24-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -6.00% below one month high and is +21.55% above of the lowest during that time. Looking into the simple moving average, RAVE Restaurant Group Inc. (RAVE)’s stock stands at a SMA-50 of $1.3848 while that of 5-day is reading $1.3400.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and RAVE’s SMA-200 as of now is $1.0030.
RAVE Restaurant Group Inc. Earnings – What Happened With RAVE
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $2.18 billion.
RAVE – RAVE Restaurant Group Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 17.99 million. RAVE does have institutional investors; and they hold 40.90% of the stock.
RAVE Restaurant Group Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, RAVE declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Mar 30, 2021, Renaissance Technologies, LLC was the top most holder in RAVE Restaurant Group Inc. (NASDAQ:RAVE) with an ownership of 0.53 million shares of the company or 2.94% of the stake worth $0.75 million. The filing also reveals Watchman Group, Inc. as the second largest holder in the company with a control over 1.18% of the outstanding shares. Its stake is worth $0.3 million for having 0.21 million shares in hand.
Vanguard Group, Inc. (The) also came holding a key position in the company during the recent quarter and it now holds 1.18% of the outstanding shares. With this there are now 23 institutions which have possession in RAVE’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by RAVE Restaurant Group Inc. was 1.94 while posting a debt to equity ratio of 0.46. The count was 1,128.63 for long-term debt to equity ratio.
RAVE Restaurant Group Inc.’s return on equity, or ROE, is 24.60%, compared to the industry average of -13.92% for Consumer Cyclical – Restaurants. Although this indicates that RAVE uses its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of RAVE Restaurant Group Inc. (NASDAQ:RAVE) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for RAVE Restaurant Group Inc. (RAVE), we notice that the stock’s 20-day average volume is at 404,505 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 379,806 shares. And to end, RAVE’s 100-day average volume is 1,092,066 shares with 100% of the long-term indicators pointing towards Buy for the stock.