With 5.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.41 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 $15.10. Beta for the stock currently stands at 1.65.
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 1.61%, but this was up by 57.50% over a month. Three-month performance dropped to -31.97% while six-month performance fell -44.10%. The stock lost -55.51% in the past year, while it has lost -23.54% so far this year. A look at the trailing 12-month EPS for RLAY yields -2.23 with Next year EPS estimates of -2.05. For the next quarter, that number is -0.50. This implies an EPS growth rate of 14.76% for this year and -1.71% for next year. EPS is expected to grow by 4.03% 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 128.57 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 -$0.62. The average estimate for the next quarter is thus -$0.5.
