Research Frontiers Incorporated (NASDAQ:REFR) is 0.34 points higher today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has climbed by nearly 8.61% to $4.29 from its previous close of $3.95. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 193319 contracts so far this session. REFR shares had a relatively better volume day versus average trading capacity of 214.82 thousand shares, but with a 23.73 million float and a 0.51% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for REFR stock indicates that the average analyst price target is $3 per share. This means the stock has a potential decrease of -30.07% from where the REFR share price has been trading recently which is between $3.91 and $4.19.
The shorts are climbing into Research Frontiers Incorporated (REFR) stock. The latest set of short interest data was released on 31 July 2019, and the numbers show a rise in short interest in REFR shares. While short interest still represents only 8.82% of REFR’s float, the number of shares shorted have risen by 133543. The number of shares shorted advanced to 2226729 shares, up from 2093186 shares during the preceding fortnight. With average daily trading volumes at 399776 shares, days to cover decreased to about 16.05413 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “BRAZILIAN GLASS FABRICATOR SER GLASS, RESEARCH FRONTIERS AND ISRAELI MATERIAL SCIENCE COMPANY GAUZY LTD. BRING HIGH VOLUME ARMORED SMART GLASS AND OTHER SMART WINDOW PRODUCTS TO BRAZIL” and dated August 12, 2019.
During the recent trading session for Research Frontiers Incorporated (NASDAQ:REFR), the company witnessed their stock rise $0.28 over a week and surge $1.18 from the price 20 days ago. When compared to their established 52-week high of $4.4, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/08/19. The recent low of $0.85 stood for a -2.5% since 08/15/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.06 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Research Frontiers Incorporated, the two-week RSI stands at 72.05. This figure suggests that REFR stock, for now, is oversold, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current REFR readings is similarly very revealing as it has a stochastic reading of 75.64% at this stage. This figure means that REFR share price today is being oversold.
Technical chart claims that Research Frontiers Incorporated (REFR) would settle between $4.12/share to $4.3/share level. However, if the stock price goes below the $3.84 mark, then the market for Research Frontiers Incorporated becomes much weaker. If that happens, the stock price might even plunge as low as $3.74 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.1. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Craig Hallum lowered their recommendation on shares of REFR from Buy to Hold in their opinion released on August 05.
Moving on, REFR stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 21.25 while for the average stock in the same group, the multiple is 1.3.