In the last trading session, 1,434,801 shares of the RAVE Restaurant Group, Inc.(NASDAQ:RAVE) were traded, and its beta was 0.96. Most recently the company’s share price was $1.38, and it changed around -$0.02 or -0.01% from the last close, which brings the market valuation of the company to $24.85 Million. RAVE currently trades at a discount to its 52-week high of $2.36, offering almost -71.01% off that amount. The share price’s 52-week low was $0.38, which indicates that the current value has risen by an impressive 72.46% since then. We note from RAVE Restaurant Group, Inc.’s average daily trading volume that its 10-day average is 968.58 Million shares, with the 3-month average coming to 1.72 Million.
RAVE Restaurant Group, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended RAVE as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. RAVE Restaurant Group, Inc. is expected to report earnings per share of $0 for the current quarter.
RAVE Restaurant Group, Inc. (NASDAQ:RAVE): Trading Information
Although RAVE has showed a red trend with a performance of -1.43% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $1.680 on Tuesday, Feb 16 increased the stock’s daily price by 17.86%. The company’s shares are currently up 0.52% year-to-date, but still down -0.1882 over the last five days. On the other hand, RAVE Restaurant Group, Inc. (NASDAQ:RAVE) is 0.24% up in the 30-day period. We can see from the shorts that 11.19 Million shares have been sold at a short interest cover period of 6.51 day(s).
The consensus price target as assigned by Wall Street analysts is $2.5, which translates to bears needing to increase their stock price by 81.16% from its current value. Analyst projections state that RAVE is forecast to be at a low of $2.5 and a high of $2.5. In order for the stock price to hit the forecast high, the stock would need to surge +81.16% from its current level, while the stock would need to crash 81.16% from its current level to reach the projected low.
RAVE Restaurant Group, Inc. (RAVE) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -10.3%. RAVE Restaurant Group, Inc. earnings are expected to decrease by -461.6% in 2021, but the outlook is positive 10% per year for the next five years.
RAVE Restaurant Group, Inc. (NASDAQ:RAVE)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 11.12% of RAVE Restaurant Group, Inc. shares, and 37.65% of them are in the hands of institutional investors. The stock currently has a share float of 42.36%. RAVE Restaurant Group, Inc. stock is held by 18 institutions, with Watchman Group, Inc. being the largest institutional investor. By Dec 30, 2020, it held 1.18% of the shares, which is about 212.45 Thousand shares worth $193.35 Thousand.
Vanguard Group, Inc. (The), with 0.83% or 148.8 Thousand shares worth $135.42 Thousand as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 29, 2020. The former held 135922 shares worth $60.29 Thousand, making up 0.75% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 103.39 Thousand shares worth around $45.86 Thousand, which represents about 0.57% of the total shares outstanding.