Does Rada Electronic Industries Ltd. (NASDAQ:RADA) look safe?


Rada Electronic Industries Ltd. (NASDAQ:RADA)’s current stock price of $1.80 indicates a change of 4.55% from the previous session.

While the equity is currently trading close to $1.80, analysts on the average expect the stock trading around of $- in the next 12 months.

Analyzing historical, you can note that the stock’s high over the last 12-months is $-1.19% and its lowest over the comparable period is $127.55%.

Let’s look into the stock charts:

The Barchart Technical Opinion rating is a 96% Buy and ranks in the Top 1% of all short term signal directions. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend.

The average closing price of the equity for the last 20 days, or termed as 20-day simple moving average, is $10.77%. For the previous 50 days and 200 days, the equity’s closing has averaged $33.78% and $47.86%, respectively.

How volatile is Rada Electronic Industries Ltd.’s stock paralleled to the market? The stock’s beta is 0.33. Beta is a degree of stock volatility. So, a beta less than one exhibits that an equity is less volatile compared to the market and a beta that is greater than one compared to stock is increasingly volatile than the market.

Pertaining to volatility measurement, we can note that Rada Electronic Industries Ltd.’s weekly volatility is 3.79%, while its monthly volatility is 6.51%.

Furthermore, the stock’s ATR (average true range) is 0.10. ATR calculates the degree of a stock’s price volatility.

Coming to stock performance, find the scorecard of Rada Electronic Industries Ltd.?s stock price action for the previous one week going back to the preceding one year. The stock has moved 3.95%% in the last, while it has moved 26.64% in the past one month.

The stock has moved 56.37% over the past 3-months of one quarter. So far in this year, the stock has moved 55.03%, compared with a movement of 57.75% in the last 12-months.

Other than equity performance, where does Rada Electronic Industries Ltd. stand financially? The firm closed the previous quarter with cash balance of 1.54M%, bringing its total assets at the close of the quarter to $21.49M. But the firm is carrying a debt of 1M% and total liabilities of $9.59M.

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