Check Out What RAVE Restaurant Group Inc. (RAVE) Insiders Are Doing

The stock of RAVE Restaurant Group Inc. (NASDAQ:RAVE) decreased by remained unchanged at $1.26, down -0.79 percent. The last five days have seen an average of 691,040 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $0.3499. The average number of shares traded over the last 20 days was 555,430, while the average volume over the last 50 days totaled 473,682.

RAVE stock appreciated 1.61% since last month. On 09/23/21, the company’s shares reached a one-month low of $1.2000. The stock touched a high of $2.09 on 02/12/21, after rallying from a low of $0.65 in 52 weeks. The price of RAVE stock has risen by 38.45% or $0.3499 this year, reaching a new high 10 times. Still, the stock price is down -39.71% from the 52-week high.


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Insider Transactions

There have been 328 days since RAVE Restaurant Group Inc. (RAVE) last reported insider trading activity on Dec 01. On Dec 01, Vice President – Finance FENDLEY CLINTON DAYNE acquired 34,883 shares at $0.87 each. This transaction resulted in the insider spending $30,348. On Nov 30, Solano Brandon added 5,836 shares at a price of US$0.86. After the transaction, the insider now owns 39,669 shares.

Valuation Metrics

RAVE Restaurant Group Inc. (RAVE) has a trailing price-to-earnings (P/E) ratio of 16.58. This level actually compares favorably with the industry at large, as the PE for the Restaurants industry stands at about 32.79. Further, its PE also compares favorably with the Consumer Cyclical sector’s trailing 12 months PE ratio, which comes in at 32.04 right now. The PE ratio of RAVE Restaurant Group Inc. has varied between 47.01 and 3.656 in the last five years. Beta for the stock is 0.78. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.66, the price-to-book (PB) ratio of 4.67, and the price-to-cash flow ratio of 17.61.

For the recent quarter, RAVE Restaurant Group Inc.’s current ratio was 2.30. As far as profitability goes, gross margin for the trailing twelve months is 96.90% percent. RAVE Restaurant Group Inc.’s EBITDA margin for the recent year was 19.74%, whereas its operating margin stood at 17.40% for the same period. Based on annual data, it had gross profit of $5.93 million and revenue of $8.59 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RAVE’s return on assets (ROA) during the last 12 months has been 12.60%. There was a 20.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 39.50%. ROE has averaged 10.14 in the past year for the broader industry.

Earnings Surprise

A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.38 million, while revenues rose by 31.93% to $2.18 million. EBITDA was $0.44 million for the quarter. At the end of RAVE Restaurant Group Inc.’s most recent quarter, its liabilities totaled 7.61 million, while its total debt was $5.34 million. Equity owned by shareholders amounts to $18.0 million.

Technical Picture

Here’s a quick look at RAVE Restaurant Group Inc.’s (RAVE) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 47.16%, suggesting the stock is Neutral, with a 29.63% historical volatility rate.

The stochastic %K and %D were 26.67% and 23.26% respectively, while the average true range (ATR) was 0.0656. Based on the 14-day stochastic reading of 26.67%, the RSI (14) reading is 48.08%. On the 9-day MACD Oscillator, the stock is at -0.0033, and the 14-day reading is at -0.0100.

Analyst Ratings

RAVE Restaurant Group Inc. (NASDAQ: RAVE) was downgraded by ROTH Capital to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned RAVE Restaurant Group Inc. (RAVE) an Hold rating. RAVE is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.

What is RAVE’s price target for the next 12 months?

The current consensus forecast for the stock is between $2.50 and $2.50, with a median target price of $2.50. In analyzing these forecasts, the average price target given by analysts for RAVE Restaurant Group Inc. (RAVE) is $2.50.

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