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Friday, September 29, 2023

Richardson Electronics Ltd. (NASDAQ: RELL) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Richardson Electronics Ltd. (RELL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.27, or -2.13%, to $12.40. The Richardson Electronics Ltd. has recorded 822 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Richardson Electronics, Ltd. to Present and Host 1×1 Investor Meetings at the 14th Annual Midwest IDEAS Investor Conference on August 23rd in Chicago, IL.

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Stocks Info

Richardson Electronics Ltd. is listed on the NASDAQ in the Technology sector while operating in the Electronic Components industry. At the end of the last regular session, the stock closed at $12.67 and fluctuated between $12.79 as its day high and $12.55 as its day low. The current market capitalization of Richardson Electronics Ltd. is $179.53M. A total of 80850.0 shares were traded on the day, compared to an average of 192.53K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, RELL has seen 8 BUY and 10 SELL insider trades, representing the acquisition of 74,042 and the disposition of 56,877 shares. Over the last 12 months, there were 24 BUYs and 19 SELLs from insiders. Insiders purchased 203,042 shares during that period but sold 210,877.

In the most recent transaction, MCNALLY KATHLEEN sold 8,810 shares of RELL for 11.86 per share on Aug 18. After the transaction, the Sr. VP Global Supply Chain now owns 38,647 company shares. In a previous transaction on Aug 18, Diddell Wendy sold 1,795 shares at 11.76 per share. RELL shares that COO owns now total 103,655.

Among the insiders who sold shares, Diddell Wendy disposed of 3,736 shares on Aug 16 at a per-share price of $12.07. This resulted in the COO holding 103,655 shares of RELL after the transaction. In another insider transaction, Diddell Wendy sold 35,961 shares at $13.00 per share on Aug 08. Company shares held by the COO now total 105,472.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Richardson Electronics Ltd. pays an annual dividend of $0.24, resulting in a dividend yield of 1.89%, and it has a price to earnings (P/E) ratio of 8.27. RELL’s most recent ex-dividend date was 8/3/2023 when it declared a $0.06 quarterly dividend that was paid in cash on 8/23/2023. Previously, the company paid the dividend on 5/24/2023 with an ex-dividend date of 5/4/2023. The RELL stock dividend was $0.06 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RELL in the last 3 months, the mean price target is $26.00 with high estimates of $26.00 and low estimates of $26.00. In terms of 52-week highs and lows, RELL has a high of $27.24 and a low of $11.41.

As of this writing, RELL has an earnings estimate of $0.15 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.15. The company reported an EPS of $0.44 in the last quarter, which was 15.80% higher than expectations of $0.38.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. RELL’s latest balance sheet shows that the firm has $40.49M in Cash & Short Term Investments as of fiscal 2022. There were $3.02M in debt and $41.21M in liabilities at the time. Its Book Value Per Share was $11.27, while its Total Shareholder’s Equity was $135.85M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RELL is Buy with a score of 0.00.

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