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RELL
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
159.58M

RELL Richardson Electronics Ltd Forecast, Technical & Fundamental Analysis

a provider of engineered solutions and distributes electronic products

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for RELL with price predictions
08:00 PM EDT Sep 21, 2023

RELL's Indicator enters downward trend

The Aroon Indicator for RELL entered a downward trend on September 14, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 198 similar instances where the Aroon Indicator formed such a pattern. In of the 198 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RELL as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RELL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where RELL's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The Moving Average Convergence Divergence (MACD) for RELL just turned positive on September 22, 2023. Looking at past instances where RELL's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RELL advanced for three days, in of 260 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.002) is normal, around the industry mean (6.897). P/E Ratio (7.220) is within average values for comparable stocks, (24.809). Projected Growth (PEG Ratio) (0.577) is also within normal values, averaging (3.041). Dividend Yield (0.021) settles around the average of (0.025) among similar stocks. P/S Ratio (0.622) is also within normal values, averaging (3.867).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RELL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. RELL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Corning (NYSE:GLW), Universal Display Corp (NASDAQ:OLED).

Industry description

The Electronic Components industry produces electronic equipment for industries and consumer electronics products, such as mobile devices, televisions, and circuit boards. TE Connectivity Ltd, for example, is a company that designs and manufactures connectivity and sensor products for harsh environments in various industries, such as automotive, industrial equipment, aerospace, and oil & gas. Another major player, Corning Inc., makes advanced optics including end-to-end fiber and wireless solutions for communications networks along with various other technologies catering to industrial and scientific applications.

Market Cap

The average market capitalization across the Electronic Components Industry is 5.31B. The market cap for tickers in the group ranges from 3.89K to 305B. MAWAF holds the highest valuation in this group at 305B. The lowest valued company is ALPE at 3.89K.

High and low price notable news

The average weekly price growth across all stocks in the Electronic Components Industry was 6%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was -1%. AAIRD experienced the highest price growth at 819%, while BMNR experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Electronic Components Industry was -65%. For the same stocks of the Industry, the average monthly volume growth was -9% and the average quarterly volume growth was -21%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 39
P/E Growth Rating: 56
Price Growth Rating: 62
SMR Rating: 65
Profit Risk Rating: 76
Seasonality Score: -19 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

RELL is expected to report earnings to rise 36.36% to 15 cents per share on October 11

Richardson Electronics Ltd RELL Stock Earnings Reports
Q3'23
Est.
$0.15
Q2'23
Missed
by $0.08
Q1'23
Beat
by $0.08
Q4'22
Beat
by $0.10
Q3'22
Beat
by $0.20
The last earnings report on July 19 showed earnings per share of 10 cents, missing the estimate of 18 cents. With 48.22K shares outstanding, the current market capitalization sits at 159.58M.
A.I.Advisor
published Dividends

RELL paid dividends on August 23, 2023

Richardson Electronics Ltd RELL Stock Dividends
А dividend of $0.06 per share was paid with a record date of August 23, 2023, and an ex-dividend date of August 03, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of engineered solutions and distributes electronic products

Industry ElectronicComponents

Profile
Fundamentals
Details
Industry
Electronic Components
Address
40W267 Keslinger Road
Phone
+1 630 208-2200
Employees
485
Web
https://www.rell.com
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RELL and

Correlation & Price change

A.I.dvisor indicates that over the last year, RELL has been loosely correlated with SANM. These tickers have moved in lockstep 44% of the time. This A.I.-generated data suggests there is some statistical probability that if RELL jumps, then SANM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RELL
1D Price
Change %
RELL100%
-0.18%
SANM - RELL
44%
Loosely correlated
-0.17%
APH - RELL
41%
Loosely correlated
-0.01%
BELFB - RELL
38%
Loosely correlated
+0.44%
FLEX - RELL
38%
Loosely correlated
+1.81%
JBL - RELL
37%
Loosely correlated
+2.12%
More

Groups containing RELL

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RELL
1D Price
Change %
RELL100%
-0.18%
components
(undefined stocks)
46%
Loosely correlated
+0.42%
electronic
(undefined stocks)
44%
Loosely correlated
+0.40%
Electronic Components
(undefined stocks)
41%
Loosely correlated
-0.48%