As of Wednesday close, RADA Electronic Industries Ltd.’s (NASDAQ:RADA) stock was down -$0.2, moving down -1.98 percent to $9.91. The average number of shares traded per day over the past five days has been 200,540 shares. 2 times new highs have been achieved over the past 5 days, with a $0.28 gain in that time frame. In the last twenty days, the average volume was 196,335, while in the previous 50 days, it was 189,474.
Since last month, RADA stock retreated -11.75%. Shares of the company fell to $9.28 on 11/17/22, the lowest level in the past month. A 52-week high of $16.70 was reached on 04/18/22 after having rallying from a 52-week low of $7.51. Since the beginning of this year, RADA’s stock price has risen by 5.20% or $0.49, and marked a new high 18 times. However, the stock has declined by -40.66% since its 52-week high.
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Right now, RADA Electronic Industries Ltd. (RADA) has a P/E ratio of about 90.09. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 4.46, the price-to-book (PB) ratio of 3.22.
In the three months ended June 29, RADA Electronic Industries Ltd.’s quick ratio stood at 2.90, while its current ratio was 5.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 38.10% percent. In the year ended June 29, operating margins totaled 7.80%. Based on annual data, RADA earned $47.55 million in gross profit and brought in $117.24 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.20%. Return on equity (ROE) for the past 12 months was 3.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RADA’s revenue rose 62.19% during the quarter, while net income inched up to $117.24 million. While analysts expected RADA Electronic Industries Ltd. to report $0.06 quarterly earnings, the actual figure was -$0.09 per share. During the quarter, the company generated -$3.02 million in EBITDA. The liabilities of RADA Electronic Industries Ltd. were 43.85 million at the end of its most recent quarter ended June 29, and its total debt was $14.39 million.
This quick technical analysis looks at RADA Electronic Industries Ltd.’s (RADA) price momentum. With a historical volatility rate of 36.16%, the RSI 9-day stood at 44.46% on 23 November.
With respect to its five-day moving average, the current RADA Electronic Industries Ltd. price is up by +2.91% percent or $0.28. At present, RADA shares trade -8.41% below its 20-day simple moving average and +9.62% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.53% below its SMA50 and -3.03% below its SMA200.
Stochastic coefficient K was 32.31% and Stochastic coefficient D was 26.69%, while ATR was 0.47. Given the Stochastic reading of 27.75% for the 14-day period, the RSI (14) reading has been calculated as 45.07%. As of today, the MACD Oscillator reading stands at 0.21, while the 14-day reading stands at -0.03.
RADA Electronic Industries Ltd. downgraded its rating on RADA Electronic Industries Ltd. (NASDAQ: RADA) to a Neutral in a note to investors on March 17, 2022. The analysts firm previously had a Buy rating on the stock.