On Jan. 07, Fink Marvin divested U.S. $729 in shares of RF Industries Ltd.. The Dir sold 144 shares at a price per share of $5.06. The transaction decreased this specific insider’s holdings to 107,019 shares worth around $0.52 million at present.
B. Riley FBR launched its RF Industries Ltd. [RFIL] rating to the equivalent of a Buy and assigned the price target of $9, in a research note dated January 29, 2020. That figure represents around a 45.67% premium from where the company’s shares closed on Friday. Some new analysts also started their coverage, with B. Riley FBR’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in late January. Meanwhile, Wm Smith had launched its coverage on RFIL with “Not rated”, in a research note produced for clients July 01, 2014.
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Is RF Industries Ltd. [NASDAQ:RFIL] a Good Buy Right Now?
It should be noted that RFIL technical indicators for short, intermediate as well as long term progress have placed an overall average of 48% as Buy. The average signal changed from 56% Buy in the last week and compares with 56% Buy in the past month. Data from RF Industries Ltd.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.11 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 74172.0 shares while the medium term average advocated for 75% Buy. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 52891.0 shares.
RFIL Price Performance
On Wall Street, RF Industries Ltd. [NASDAQ:RFIL] finished Friday’s session down -2.98% at $4.89. The stock went up to $5.07 at the same session while its lowest single day price was $4.7801. In the last five days, it saw a fall of about -0.41%, RF Industries Ltd. shares dropped by almost -0.41% since the beginning of the year. However, the share price has dropped to as low as -30.83% below its one year high. On 01/08/21, the company shares recorded $5.07, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/08/21, the same year at $4.78. The company’s shares have declined by -23.59% in the past year. The 50-day SMA achieved is $4.89 while the 200-day SMA is $4.77. Volume dropped to 73267.0 from 92600.0 in the previous session.
RFIL Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 4.76 level, and in case of violation of this particular level, it will cause more drop to 4.62 level. On the upper level, 5.20 is still the key resistance. The stock may increase to the subsequent resistance at 5.05. The Relative Strength Index (RSI) pinned on the 14-day chart is 45.07, implying a neutral technical stance while the MACD stands at 0.06, meaning price will decrease in the next trading period. Percent R indicator moved to 74.31%, implying bearish price movement. Stochastic %K at 26.96% suggest holding the stock.
What is the short interest in RF Industries Ltd.?
Short interest in the RF Industries Ltd. stock has plunged, decreasing by 12020.0 shares to total 21060.0 shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 9040.0, data from Yahoo Finance shows. The increase of 57.08% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 0.23% of the overall float for the stock.
RF Industries Ltd.’s Biggest Shareholders: Who Owns RF Industries Ltd. [RFIL]?
Filings by Renaissance Technologies LLC showed that the firm now holds a total of 744,563 shares or roughly 7.62% of the outstanding RFIL shares. This means their shares have increased by 22,386 from the 744,563 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, AIGH Capital Management LLC updated stake is worth $1,945,291. Details in the latest 13F filings reveal that Punch & Associates Investment Man acquired their 45.83% stake valued at $1,676,500 while The Vanguard Group, Inc. cut theirs at $1,652,085. During the last quarter, Punch & Associates Investment Man raised 110,000 of its shares in RF Industries Ltd. while The Vanguard Group, Inc. sold -100 shares. The Dimensional Fund Advisors LP’s holdings currently number 338,667 shares at $1656081.63. According to the firm’s last 13F report, BlackRock Fund Advisors shares in the company at filing stood at 164,225 shares, roughly $786,638.
RFIL Earnings Forecast For The Current Quarter
RF Industries Ltd. [RFIL] is expected to report strong earnings results for the quarter ending on Jan 2021. Consensus estimates give the company expected revenues of $10.6M and an earnings per share of $0.03 for Jan 2021. Looking further ahead, the company is expected to report revenue of $12.37M at an EPS of $0.05 for Apr 2021.
RFIL Earnings Estimates For The Current Year
For the financial year, RF Industries Ltd. [NASDAQ:RFIL] is expected to bring in revenue of $53.48M. The returns are nearly $10.44 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.3, higher than that of FY20 by $0.23.
What are analyst thoughts on RF Industries Ltd.?
Looking forward to the RF Industries Ltd. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for RF Industries Ltd. stock at $6.75 within the next 12 months, which represents almost 27.56 per cent growth from its previous closing price of $4.89. The highest analysts’ target for RF Industries Ltd. stock projections is $6.75 and the lowest one is $6.75. Still, 1 analysts sharing their consensus rating for RFIL stock in 2021 agree that it is a Buy.