ReTo Eco-Solutions Inc. (NASDAQ:RETO) finished Thursday with a subtraction of -$0.05 to close at $3.04, a downside of -1.62 percent. An average of 3,939,700 shares of common stock have been traded in the last five days. There was a fall of -$0.05 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,956,960 shares traded, while the 50-day average volume stands at 1,324,514.
RETO stock has increased by 108.22% in the last month. The company shares reached their 1-month lowest point of $1.06 on 07/12/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $1.00 and a high of $9.77 in 52 weeks. It has reached a new high 7 times so far this year and lost -25.85% or -$1.06 in price. In spite of this, the price is down -68.88% from the 52-week high.
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Valuation Metrics
ReTo Eco-Solutions Inc. (RETO) stock’s beta is 1.66. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.82, the price-to-book (PB) ratio at 3.10.
Financial Health
The quick ratio of ReTo Eco-Solutions Inc. for the recent quarter was 0.40, and the current ratio was 0.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.29 and a total debt to equity ratio of 1.79 for the recent quarter. ReTo Eco-Solutions Inc.’s EBITDA margin is -202.86%. Its gross profit as reported stood at $0.81 million compared to revenue of $6.47 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ReTo Eco-Solutions Inc.’s return on assets was -40.90%.
Earnings Surprise
The company posted a net income of -$15.38 million in the quarter, while revenues were shrunk -43.5%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ReTo Eco-Solutions Inc. (RETO) price momentum. RSI 9-day as of the close on 10 August was 76.74%, suggesting the stock is Overbought, with historical volatility in this time frame at 96.97%.
As of today, RETO’s price is $2.98 -1.62% or -$0.05 from its 5-day moving average. RETO is currently trading +94.87% higher than its 20-day SMA and -27.62% lower than its 100-day SMA. However, the stock’s current price level is +108.22% above the SMA50 and -28.52% below the SMA200.
The stochastic %K and %D were 74.77% and 72.37%, respectively, and the average true range (ATR) was 0.38. With the 14-day stochastic at 73.87% and the average true range at 0.34, the RSI (14) stands at 76.22%. The stock has reached 0.22 on the 9-day MACD Oscillator while the 14-day reading was at 0.50.
