Richardson Electronics Ltd. [NASDAQ:RELL] will report earnings after markets close on Wednesday, January 6th.
RELL Earnings Forecast For The Current Quarter
Richardson Electronics Ltd. [RELL] is expected to report strong earnings results for the quarter ending on May 2020. Consensus estimates give the company expected revenues of $37.36M and an earnings per share of $0 for May 2020.
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RELL Price Performance
On Wall Street, Richardson Electronics Ltd. [NASDAQ:RELL] finished Monday’s session up 3.82% at $4.89. The stock went up to $4.95 at the same session while its lowest single day price was $4.57. In the last five days, it saw a rise of about 8.67%, Richardson Electronics Ltd. shares gained by almost 3.82% since the beginning of the year. However, the share price has dropped to as low as -22.63% below its one year high. On 01/04/21, the company shares recorded $4.95, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $4.57. The company’s shares have declined by -17.82% in the past year. The 50-day SMA achieved is $4.51 while the 200-day SMA is $4.25. Volume gained to 32539.0 from 6900.0 in the previous session.
RELL Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 4.66 level, and in case of violation of this particular level, it will cause more drop to 4.42 level. On the upper level, 5.18 is still the key resistance. The stock may increase to the subsequent resistance at 5.04. The Relative Strength Index (RSI) pinned on the 14-day chart is 64.15, implying a neutral technical stance while the MACD stands at 0.15, meaning price will decrease in the next trading period. Percent R indicator moved to 10.39%, implying bullish price movement. Stochastic %K at 75.11% suggest holding the stock.
Is Richardson Electronics Ltd. [NASDAQ:RELL] a Good Buy Right Now?
It should be noted that RELL technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 80% Buy in the last week and compares with 96% Buy in the past month. Data from Richardson Electronics Ltd.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 25745.0 shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 20310.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 22399.0 shares.
What is the short interest in Richardson Electronics Ltd.?
Short interest in the Richardson Electronics Ltd. stock has plunged, decreasing by 1880.0 shares to total 3830.0 shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1950.0, data from Yahoo Finance shows. The increase of 49.09% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 0.04% of the overall float for the stock.
Richardson Electronics Ltd.’s Biggest Shareholders: Who Owns Richardson Electronics Ltd. [RELL]?
Filings by BML Capital Management LLC showed that the firm now holds a total of 1,079,000 shares or roughly 9.71% of the outstanding RELL shares. This means their shares have increased by 13,000 from the 1,079,000 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Royce & Associates LP updated stake is worth $4,689,390. Details in the latest 13F filings reveal that Renaissance Technologies LLC acquired their 1.61% stake valued at $3,847,372 while Dimensional Fund Advisors LP cut theirs at $3,738,516. During the last quarter, Renaissance Technologies LLC raised 13,349 of its shares in Richardson Electronics Ltd. while Dimensional Fund Advisors LP sold -12,965 shares. The Mutual of America Capital Managem’s holdings currently number 679,227 shares at $3321420.03. According to the firm’s last 13F report, The Vanguard Group, Inc. shares in the company at filing stood at 428,884 shares, roughly $1,955,711.
What are analyst thoughts on Richardson Electronics Ltd.?
Looking forward to the Richardson Electronics Ltd. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Richardson Electronics Ltd. stock at $12.50 within the next 12 months, which represents almost 60.88 per cent growth from its previous closing price of $4.89. The highest analysts’ target for Richardson Electronics Ltd. stock projections is $12.50 and the lowest one is $12.50. Still, 1 analysts sharing their consensus rating for RELL stock in 2021 agree that it is a Hold.