Rose

Million

Billion

<ul class="list-ic vertical"> 
 <li> 1 <a>On August 2, Rite Aid Corporation stock price surged more than 31.76%.&nbsp;</a> </li> 
 <li> 2 <a>Over the last few months, RAD stock price consolidated between $1.41 and $2.70.</a> </li> 
 <li> 3 <a>In Wednesday’s trading session, RAD share price, for the first time, broke its consolidation range and traded as high as $2.86.</a> </li> 
</ul> 
NYSE: RAD stock added 31.76% to its trading price on the July 2 trading session; it opened at $1.67, lowered to $1.66. It hit a high of $2.86 and closed at $2.24 with an intraday trading volume of 57.204 Million. 
A sudden spike in RAD trading volume and price is seen in the last trading session, indicating that some giant investor might have injected significant capital to hold the price in the upper zone. 
Over the last few months, buyers have been constantly trying to hold the RAD price in the upper zone but failed to sustain, which seems to be consolidating between $1.41 to $2.70. Rite Aid Corporation’s annual price target for 2023 is $1.00, around 55.36% less than its press time trading price. 
In Wednesday’s trading session, RAD share price broke its consolidation range for the first time and traded as high as $2.86. Buyers’ recent aggressiveness indicates that they are fully prepared to drag the price to $2.87, which is RAD stock’s next possible resistance. 
The buyers’ dominance in the past four trading sessions indicates that the price might surge further, which would help investors to make impressive profits by the end of this month. 
In the 52 weeks’ time frame, <a href="https://www.thecoinrepublic.com/2023/07/30/pfizer-stock-keep-pfe-stock-on-radar-quarterly-earnings-ahead/" target="_blank" rel="noopener noreferrer nofollow">Rite Aid Corporation’s</a> stock’s highest traded price was $11.61, and its lowest lowest traded price was $1.42. The company’s market capitalization is $127 Million, and its average trading volume is 6.685 Million.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
 <img decoding="async" src="https://lh5.googleusercontent.com/qw09fxh5JsBmudekng70_GMDfycnaTVyD0piJhakoe3eKkekp2QMhvG9rpEQi7jiyTK3uPt1A_1qd4mUUgEEB50GSJXIBx1-APYCVF2h_XEtIRMt6xkW0plRb8vtOehqubsxk3lihCLWjpcXaCqYRg" alt="RAD Stock Rose 40% Weekly; More Bullishness Possible?&nbsp;"> 
 <figcaption class="wp-element-caption">
 Source: RAD stock price chart from TradingView&nbsp; 
 </figcaption> 
 </figure> 
</div> 
In the weekly, monthly, and quarterly time frame, RAD stock price surged over 42.68%,49.33%, and 16.06%, respectively. Moreover, in half-yearly, YTD, and yearly the stock price declined by over 40.90%, 33.53%, and 75.57% respectively. 
According to TradingView, 54.365 Million <a href="https://www.thecoinrepublic.com/2023/07/30/pfizer-stock-keep-pfe-stock-on-radar-quarterly-earnings-ahead/" target="_blank" rel="noopener noreferrer nofollow">RAD </a>shares are free-floating, and the remaining 2.331 Million shares are closely held by the company’s financial backers or the board of directors. 
<h2 class="wp-block-heading" id="strong-rite-aid-corporation-earning-revenue-strong">Rite Aid Corporation Earning &amp; Revenue</h2> 
Over the past few quarters, Rite Aid has constantly reported more revenue than estimated figures. Similarly, for Q1 2023, the company reported 6.18% more revenue than estimated by analysts. The company was expected to report $5.23 Billion in revenue, but it reported revenue was $5.65 Billion. 
The estimated revenue for Q2 and Q3 2023 is $5.56 Billion and $5.65 Billion. Earnings per share of Rite Aid reflected an impressive surge of 51.41% compared to its estimated EPS. 
In the Financial year 2022, the company’s reported revenue was $24.09 Billion, constituting -$749.94 Million of net income and a profit margin of -3.11%. 
In 2022, revenue to profit conversion of the company included 20% of gross profit, 1% of earnings before Interest, taxes, depreciation, and amortization (EBITDA), and -3% net income.&nbsp; 
<h5 class="wp-block-heading">Disclaimer&nbsp;</h5> 
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

RAD Stock Rose 40% Weekly; More Bullishness Possible?

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Thecoinrepublic.com

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