Rave Restaurant Group (NASDAQ:RAVE) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Posted by Liza Goodheart on Dec 15th, 2024

Shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.21 and traded as high as $3.05. Rave Restaurant Group shares last traded at $3.02, with a volume of 10,246 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Rave Restaurant Group in a research report on Saturday. They set a “buy” rating on the stock.

Check Out Our Latest Research Report on RAVE

Rave Restaurant Group Trading Down 0.7 %

The stock has a market capitalization of $44.42 million, a PE ratio of 16.78 and a beta of 0.56. The business has a fifty day moving average price of $2.86 and a 200-day moving average price of $2.21.

Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) last released its earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share for the quarter. Rave Restaurant Group had a return on equity of 21.37% and a net margin of 21.49%. The company had revenue of $3.36 million during the quarter.

Hedge Funds Weigh In On Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC purchased a new stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,132 shares of the restaurant operator’s stock, valued at approximately $49,000. Juncture Wealth Strategies LLC owned 0.17% of Rave Restaurant Group as of its most recent SEC filing. Institutional investors and hedge funds own 15.12% of the company’s stock.

Rave Restaurant Group Company Profile

(Get Free Report)

Rave Restaurant Group, Inc, together with its subsidiaries, engages in the operation and franchising of pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn and Pie Five trademarks in the United States and internationally. The company operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.