Stock Worth Watching: Will Rave Restaurant Group Inc Short Squeeze Soon?

Stock Worth Watching: Will Rave Restaurant Group Inc Short Squeeze Soon?

The stock of Rave Restaurant Group Inc (NASDAQ:RAVE) hit a new 52-week low and has $2.79 target or 10.00% below today’s $3.10 share price. The 6 months bearish chart indicates high risk for the $33.04 million company. The 1-year low was reported on Oct, 5 by Barchart.com. If the $2.79 price target is reached, the company will be worth $3.30M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 35,243 shares traded hands. Rave Restaurant Group Inc (NASDAQ:RAVE) has declined 41.92% since March 2, 2016 and is downtrending. It has underperformed by 50.18% the S&P500.

Rave Restaurant Group Inc (NASDAQ:RAVE) Ratings Coverage

Out of 3 analysts covering RAVE Restaurant Group (NASDAQ:RAVE), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. RAVE Restaurant Group has been the topic of 4 analyst reports since October 16, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Roth Capital on Thursday, May 12. The company was maintained on Friday, November 13 by TH Capital. Roth Capital maintained the stock with “Buy” rating in Friday, November 13 report. The firm has “Sell” rating by TheStreet given on Friday, October 16.

According to Zacks Investment Research, “RAVE Restaurant Group, Inc. operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark Pizza Inn and Pie Five Pizza Company (Pie Five). Pie Five offers individual handcrafted pizzas with fresh ingredients made to order in less than five minutes. Pizza Inn is an international chain featuring freshly made traditional and specialty pizzas, salads, pastas, sandwiches and desserts. RAVE Restaurant Group, Inc., formerly known as Pizza Inn Holdings, Inc., is based in Dallas.”

More notable recent Rave Restaurant Group Inc (NASDAQ:RAVE) news were published by: Prnewswire.com which released: “RAVE Restaurant Group, Inc. Reports Fourth Quarter and Fiscal Year 2016 …” on September 23, 2016, also Prnewswire.com with their article: “RAVE Restaurant Group, Inc. Announces CEO Transition” published on July 21, 2016, Investorplace.com published: “RAVE Stock: Growing Pains Hit Rave Restaurant Group Inc” on July 13, 2016. More interesting news about Rave Restaurant Group Inc (NASDAQ:RAVE) were released by: Quotes.Wsj.com and their article: “News Rave Restaurant Group Inc.RAVE” published on January 10, 2015 as well as Prnewswire.com‘s news article titled: “RAVE Restaurant Group, Inc. Reports Second Fiscal Quarter Financial Results” with publication date: February 10, 2016.

RAVE Company Profile

Rave Restaurant Group, Inc., formerly Pizza Inn Holdings, Inc., incorporated on August 26, 2011, operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark Pizza Inn and operates domestic fast casual restaurants under the trademarks Pie Five Pizza Company or Pie Five. The Firm operates through two divisions: Franchising and Food and Supply Distribution, and Company-owned Restaurants. The Company’s Franchising and Food and Supply Distribution segment establishes franchisees and franchise territorial rights, and sells and distributes proprietary and non-proprietary food and other items to franchisees. The Company’s Company-owned Restaurant segment includes sales and operating results for all Company-owned restaurants.

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