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What to Expect When Richardson Electronics Ltd. [RELL] Publishes Earnings

AZRX Stock

AZRX Stock

Richardson Electronics Ltd. [NASDAQ:RELL] will report earnings after markets close on Wednesday, ‎January 6th.

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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.

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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.‎

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