REFR — Research Frontiers Incorporated

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Research Frontiers Incorporated

Research Frontiers Incorporated, together with other subsidiary, engages in the development and marketing of technology and devices to control the flow of light worldwide. It develops and licenses suspended particle device (SPD-Smart) light-control technology to companies that manufacture and market the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, and electr… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$0.76
Market Cap$25.8M
Float27.2M
Shares Outstanding34.9M
P/E (Forward)94.34
Price/Sales (TTM)36.98
Operating Margin (TTM)-389.10%
Revenue (TTM)$697,791
Dividend RateNone

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $828,450 -$2.3M -$1.9M -$2.5M
2021 $1.3M -$1.8M $1.3M -$1.7M
2022 $539,686 -$2.7M $539,686 -$2.4M
2023 $909,598 -$1.9M -$1.5M -$1.9M
2024 $1.3M -$1.3M $1.1M -$1.2M
2025 $1.1M -$2.0M $934,574 -$1.9M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $129,904 -$803,826
Sep 2025 $359,444 -$298,508
Dec 2025 $72,123 -$765,563
Mar 2026 $136,319 -$525,365

Ownership & Float

Insider Ownership15.3%
Institutional Ownership13.7%
Short Float1.2%
% of All Funds Holding0.37%
Number of Funds Holding30

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$0.86Near-term / short-term trend
Weekly40-Week SMA$1.27Medium-term trend
Weekly80-Week SMA$1.41Cyclical trend (business cycle)
Weekly200-Week SMA$1.61Secular trend (multi-year)
Monthly10-Month SMA$1.29Near-term monthly trend
Monthly20-Month SMA$1.44Medium-term monthly trend
Monthly40-Month SMA$1.50Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$1.70 resistance 1.24x 4 months ago

Historical Earnings Reactions (109 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.69% 0.00% 47.71% 14.22% -8.13%
1 Day 1.96% 1.02% 60.55% 50.00% -11.52%
1 Week 2.49% 2.28% 56.88% 42.61% -37.01%
2 Weeks 1.84% 0.00% 48.62% 52.94% -47.55%
1 Month 2.03% -1.94% 43.12% 73.91% -40.69%

Next earnings: May 14, 2026

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan10.2%55.0%40
Feb2.9%37.5%40
Mar-1.7%35.0%40
Apr3.0%35.0%40
May3.6%38.5%39
Jun1.5%46.2%39
Jul0.8%35.9%39
Aug2.2%45.0%40
Sep-0.4%47.5%40
Oct-1.1%45.0%40
Nov-1.2%40.0%40
Dec-2.0%35.0%40

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.05% 37.4% 1894
Tuesday 0.02% 40.4% 2061
Wednesday 0.09% 39.5% 2060
Thursday 0.02% 39.1% 2020
Friday 0.32% 42.5% 2011

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 13.7%

Insider Transactions — Smart Summary

Total insider ownership: 15.3%

Full insider transaction history and smart buy/sell sentiment summary available on Trend Edge.

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Research Frontiers Incorporated (REFR) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for REFR on Trend Edge →