Fact Check: What’s up with Research Frontiers Incorporated (REFR) today

The biggest gainers of the session on the Wall Street include Research Frontiers Incorporated (NASDAQ:REFR), which rose 0.25 points or 7.31% to trade at $3.67 as last check. The stock closed last session at $3.42 and sets an active trading volume day with a reported 100944 contracts so far this session. REFR shares had a relatively better volume day versus average trading capacity of 86.94 million shares, but with a 23.83 million float and a -0.29% 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 -18.26% from where the REFR share price has been trading recently.

During the recent trading session for Research Frontiers Incorporated (NASDAQ:REFR), the company witnessed their stock rise $0.32 over a week and surge $0.53 from the price 20 days ago. When compared to their established 52-week high of $5.38, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 08/19/19. The recent low of $1.95 stood for a -31.78% since 08/03/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.96 is also allocated to the stock. Since the beta is less 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 64.28. This figure suggests that REFR stock, for now, is neutral, meaning that the shares are 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 52.68% at this stage. This figure means that REFR share price today is being neutral.

Technical chart claims that Research Frontiers Incorporated (REFR) would settle between $3.45/share to $3.48/share level. However, if the stock price goes below the $3.38 mark, then the market for Research Frontiers Incorporated becomes much weaker. If that happens, the stock price might even plunge as low as $3.34 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.08. 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/E ratio is 0 while for the average stock in the same group, the multiple is 23.2. Research Frontiers Incorporated current P/B ratio of 13.6 means it is trading at a premium against its industry’s 2.8.