Is it Good Time to Bail on RADA Electronic Industries Ltd. [RADA]? Let’s Look at the Charts

In a recent bid RADA Electronic Industries Ltd. [RADA] faced a contemporary bid of $8.99 yielding a 15.76% incline where 0.47 million shares have exchanged hands over the last week. RADA amount got a boost by 2.92% or $0.25 versus $8.74 at the end of the prior session. This change led market cap to move at 375.73M, putting the price 338.78% below the 52-week high and 1.18% above the 52-week low. The company’s stock has a normal trading capacity of 0.47 million shares while the relative volume is 4.43.

On 10, November 2020, RADA Reports Q3/2020 Results: Record Performance, 2020 Revenues Projected to exceed $75 Million. According to news published on Yahoo Finance, Record Q3 revenues of $20.4 million, up 81% year-over-year.

Analyst Birdseye View:

Before that, on January 15, 2020, Canaccord Genuity Recapitulated a Buy rating and elevated its amount target to $8.

In the past 52 weeks of trading, this stock has oscillated between a low of $2.05 and a peak of $8.89. Right now, according to Wall Street analyst the average 12-month amount target is $10.50. At the most recent market close, shares of RADA Electronic Industries Ltd. [NASDAQ:RADA] were valued at $8.99. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

RADA Electronic Industries Ltd. [NASDAQ:RADA] most recently reported quarterly sales of 20.36 billion, which represented growth of 80.50%. This publicly-traded organization’s revenue is $230,891 per employee, while its income is -$9,974 per employee. This company’s Gross Margin is currently 36.40%, its Operating Margin is 3.80%, its Pretax Margin is -5.02, and its Net Margin is -4.32. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -3.23, -4.58, -4.71 and -4.25 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 15.74 and the whole liability to whole assets at 11.92. It shows enduring liability to the whole principal at 13.22 and enduring liability to assets at 0.10 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 8.04 points at 1st support level, the second support level is making up to 7.33. But as of 1st resistance point, this stock is sitting at 9.17 and at 9.59 for 2nd resistance point.

RADA Electronic Industries Ltd. [RADA] reported its earnings at $0.05 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.02/share signifying the difference of 0.03 and 150.00% surprise value.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for RADA Electronic Industries Ltd. [NASDAQ:RADA] is 3.40. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.87. Now if looking for a valuation of this stock’s amount to sales ratio it’s 4.47, it’s amount to book ratio is 4.82 and showing 138.73 of P/E (TTM) ratio.