Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Erayak Power Solution Group Inc (NASDAQ: RAYA) was $0.06 for the day, up 35.57% from the previous closing price of $0.04. In other words, the price has increased by $35.57 from its previous closing price. On the day, 105.6 million shares were traded. RAYA stock price reached its highest trading level at $0.065 during the session, while it also had its lowest trading level at $0.0435.
Ratios:
Our analysis of RAYA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.15.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RAYA now has a Market Capitalization of 11931704 and an Enterprise Value of 11173768. For. The Stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.12. Its current Enterprise Value per Revenue stands at 0.369 whereas that against EBITDA is -10.941.
Stock Price History:
The Beta on a monthly basis for RAYA is 0.58, which has changed by -0.90771556 over the last 52 weeks, in comparison to a change of 0.16298151 over the same period for the S&P500. Over the past 52 weeks, RAYA has reached a high of $3.35, while it has fallen to a 52-week low of $0.03. The 50-Day Moving Average of. The Stock is -86.80%, while the 200-Day Moving Average is calculated to be -94.99%.
Shares Statistics:
RAYA traded an average of 57.04M shares per day over the past three months and 52895100 shares per day over the past ten days. Insiders hold about 31.19% of the company’s shares, while institutions hold 0.07% stake in the company. Shares short for RAYA as of 1756425600 were 22169881 with a Short Ratio of 0.39, compared to 1753920000 on 4048758. Therefore, it implies a Short% of Shares Outstanding of 22169881 and a Short% of Float of 12.32.
