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Ridgetech ( (RDGT) ) has provided an announcement.
On October 30, 2025, Ridgetech, Inc. entered into a Securities Purchase Agreement with non-U.S. accredited investors, selling 4,680,000 ordinary shares and warrants for 11,700,000 shares, raising $2,808,000. The offering, which closed on November 7, 2025, allows Ridgetech to follow Cayman Islands governance practices, bypassing certain NASDAQ requirements, potentially impacting its market operations and investor relations.
The most recent analyst rating on (RDGT) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Ridgetech stock, see the RDGT Stock Forecast page.
Spark’s Take on RDGT Stock
According to Spark, TipRanks’ AI Analyst, RDGT is a Neutral.
Ridgetech’s overall stock score is primarily influenced by its mixed financial performance and positive technical indicators. The company’s profitability is overshadowed by declining revenue and operational inefficiencies. Technical analysis shows upward momentum, but valuation concerns due to a negative P/E ratio and lack of dividend yield weigh heavily on the score.
To see Spark’s full report on RDGT stock, click here.
More about Ridgetech
Ridgetech, Inc. is a company based in Hangzhou City, Zhejiang Province, China, operating as a foreign private issuer. It is incorporated in the Cayman Islands and is involved in the securities industry, focusing on the issuance and sale of ordinary shares and warrants.
Average Trading Volume: 24,855
Technical Sentiment Signal: Hold
Current Market Cap: $11.77M
For detailed information about RDGT stock, go to TipRanks’ Stock Analysis page.