With 1.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.33 million shares. The 52-week range on RLAY shows that it touched its highest point at $10.79 and its lowest point at $3.50 during that stretch. It currently has a 1-year price target of $21.45. Beta for the stock currently stands at 1.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RLAY was down-trending over the past week, with a drop of -6.12%, but this was down by -24.12% over a month. Three-month performance dropped to -21.03% while six-month performance fell -46.97%. The stock lost -65.18% in the past year, while it has lost -10.68% so far this year. A look at the trailing 12-month EPS for RLAY yields -2.61 with Next year EPS estimates of -2.62. For the next quarter, that number is -0.56. This implies an EPS growth rate of 10.10% for this year and -4.43% for next year. EPS is expected to grow by 2.79% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -38.74%.
Float and Shares Shorts:
At present, 166.89 million RLAY shares are outstanding with a float of 125.56 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RLAY since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.28957 being high and -$2.71393 being low. For RLAY, this leads to a yearly average estimate of -$2.51655. Based on analyst estimates, the high estimate for the next quarter is -$0.55 and the low estimate is -$0.7. The average estimate for the next quarter is thus -$0.62.
