RAVE Stock Summary and Trading Ideas (Rave Restaurant Group | NASDAQ:RAVE)

Rave Restaurant Group Inc operates and franchises pizza buffet, delivery/carry-out, and express restaurants. It operates restaurants under the brand name, Pizza Inn, and Pie Five Pizza Company. It has three operating segments. The Pizza Inn and Pie Five Franchising segments establish franchisees, licensees, and territorial rights. The company-owned restaurant segment includes sales and operating results for all company-owned restaurants. The Pizza Inn Franchising segment accounts for the company's revenue. Geographically, it generates the majority of the revenue from the United States.

Rave Restaurant Group trades on the NASDAQ stock market under the symbol RAVE.

As of April 24, 2024, RAVE stock price declined to $2.05 with 4,301 million shares trading.

RAVE has a beta of 0.09, meaning it tends to be less sensitive to market movements. RAVE has a correlation of 0.00 to the broad based SPY ETF.

RAVE has a market cap of $29.90 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, RAVE stock traded as high as $2.64 and as low as $.82.

The top ETF exchange traded funds that RAVE belongs to (by Net Assets): VXF, VTI, DFAC, DCOR.

RAVE has outperformed the market in the last year with a return of +36.7%, while the SPY ETF gained +24.0%. However, in the most recent history, RAVE shares have underperformed the stock market with its stock returning 0.0% in the last 3 month period and -6.0% for the last 2 week period, while SPY has returned +4.4% and -2.8%, respectively.

RAVE support price is $2.04 and resistance is $2.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RAVE stock will trade within this expected range on the day.