With 1.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.52 million shares. The 52-week range on RLAY shows that it touched its highest point at $10.72 and its lowest point at $1.77 during that stretch. It currently has a 1-year price target of $13.90. Beta for the stock currently stands at 1.59.
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 up-trending over the past week, with a rise of 15.44%, but this was up by 1.23% over a month. Three-month performance surged to 3.13% while six-month performance fell -31.46%. The stock lost -47.78% in the past year, while it has lost -20.15% so far this year. A look at the trailing 12-month EPS for RLAY yields -2.23 with Next year EPS estimates of -1.84. For the next quarter, that number is -0.49. This implies an EPS growth rate of 21.05% for this year and 1.47% for next year. EPS is expected to grow by 10.23% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -23.05%.
Float and Shares Shorts:
At present, 170.48 million RLAY shares are outstanding with a float of 129.27 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 -$2.28187 being high and -$2.7048 being low. For RLAY, this leads to a yearly average estimate of -$2.50809. Based on analyst estimates, the high estimate for the next quarter is -$0.29 and the low estimate is -$0.56. The average estimate for the next quarter is thus -$0.45.
