Why RF Industries Ltd. [RFIL] Stock Can Charge Above The $5.29 Level

RF Industries Ltd. [RFIL] has traded in a range of $3.31 to $7.07 in the last 1 year. As of this writing, the stock is at $5.29, up 5.17%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, RFIL shares are 12.79% up with the monthly amount drift of 22.45% and seems well in a long time frame.

On 3, December 2020, RF Industries Sets Fourth Quarter and Fiscal 2020 Earnings Call for Thursday, December 17, 2020 at 4:30 PM EDT. According to news published on Yahoo Finance, SAN DIEGO, CA / ACCESSWIRE / December 3, 2020 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced that it will release its financial results for the fourth quarter and fiscal year ended October 31, 2020 on Thursday, December 17, 2020, after the close of the market.

Analyst Birdseye View:

The most recent analyst activity for RF Industries Ltd. [NASDAQ:RFIL] stock was on July 01, 2014, when it was Initiated with a Not rated rating from Wm Smith, which also raised its 12-month price target on the stock to $8.50. Before that, on January 29, 2020, B. Riley FBR Recapitulated a Buy rating and elevated its amount target to $9.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.31 and a peak of $7.07. Right now, the middling Wall Street analyst 12-month amount mark is $6.25. At the most recent market close, shares of RF Industries Ltd. [NASDAQ:RFIL] were valued at $5.29. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

RF Industries Ltd. [NASDAQ:RFIL] most recently reported quarterly sales of 9.54 billion, which represented growth of -38.70%. This publicly-traded organization’s revenue is $196,886 per employee, while its income is $12,530 per employee. This company’s Gross Margin is currently 26.50%, its Operating Margin is 1.10%, its Pretax Margin is +8.24, and its Net Margin is +6.36. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 9.94, 11.87, 15.37 and 11.87 respectively.

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 5.09 points at 1st support level, the second support level is making up to 4.88. But as of 1st resistance point, this stock is sitting at 5.46 and at 5.63 for 2nd resistance point.

RF Industries Ltd. [RFIL] reported its earnings at $0.02 per share in the fiscal quarter closing of 7/30/2020. The Analysts for Wall Street were expecting to report its earnings at $0.01/share signifying the difference of 0.01 and 100.00% surprise value. Comparing the previous quarter ending of 4/29/2020, the stated earnings were -$0.01 calling estimates for -$0.01/share with the difference of 0 depicting the surprise of 0.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for RF Industries Ltd. [NASDAQ:RFIL] is 5.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 2.06. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.06, it’s amount to book ratio is 1.78 and showing 97.96 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by HILL HOWARD F, Director, and it was the sale of 12339.0 shares on Jul 13. Cefali Sheryl Lynn, the Director, completed a purchase of 2100.0 shares on Jun 22. On Mar 24, Cefali Sheryl Lynn, Director, completed a purchase of 2500.0 shares.