There Is Clear Momentum For Baijiayun Group Ltd (NASDAQ: RTC)

Baijiayun Group Ltd (RTC) concluded trading on Thursday at a closing price of $0.86, with 2.76 million shares of worth about $2.38 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -84.07% during that period and on Thursday the price saw a gain of about 28.55%. Currently the company’s common shares owned by public are about 50.10M shares, out of which, 7.32M shares are available for trading.

However, the stock later moved at a day high price of 0.9400, or with a gain of 28.55%. Stock saw a price change of -5.29% in past 5 days and over the past one month there was a price change of -57.43%. Year-to-date (YTD), RTC shares are showing a performance of -57.00% which decreased to -91.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.58 but also hit the highest price of $9.70 during that period. The average intraday trading volume for Baijiayun Group Ltd shares is 343.72K. The stock is currently trading -68.26% below its 20-day simple moving average (SMA20), while that difference is down -60.57% for SMA50 and it goes to -82.31% lower than SMA200.

Baijiayun Group Ltd (NASDAQ: RTC) currently have 50.10M outstanding shares and institutions hold larger chunk of about 0.15% of that.

The stock has a current market capitalization of $64.83M and its 3Y-monthly beta is at 0.83. It has posted earnings per share of -$0.10 in the same period. It has Quick Ratio of 2.33 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RTC, volatility over the week remained 27.89% while standing at 48.64% over the month.

Analysts are in expectations that Baijiayun Group Ltd (RTC) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 35.56% made by the stock over the past 5-years.

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