Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Erayak Power Solution Group Inc (NASDAQ: RAYA) was $0.05 for the day, down -33.05% from the previous closing price of $0.07. In other words, the price has decreased by -$33.05 from its previous closing price. On the day, 76.02 million shares were traded. RAYA stock price reached its highest trading level at $0.0537 during the session, while it also had its lowest trading level at $0.045.
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 13999077 and an Enterprise Value of 10516121. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 0.09. Its current Enterprise Value per Revenue stands at 0.347 whereas that against EBITDA is -10.297.
Stock Price History:
The Beta on a monthly basis for RAYA is 0.72, which has changed by -0.92727274 over the last 52 weeks, in comparison to a change of 0.15101504 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 -74.90%, while the 200-Day Moving Average is calculated to be -95.97%.
Shares Statistics:
RAYA traded an average of 65.60M shares per day over the past three months and 86363860 shares per day over the past ten days. A total of 196.89M shares are outstanding, with a floating share count of 132.22M. Insiders hold about 32.85% of the company’s shares, while institutions hold 0.02% stake in the company. Shares short for RAYA as of 1756425600 were 22169881 with a Short Ratio of 0.20, compared to 1753920000 on 4048758. Therefore, it implies a Short% of Shares Outstanding of 22169881 and a Short% of Float of 12.32.
