Balance Sheet Insights: Fly-E Group Inc (FLYE)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

Kevin Freeman

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In the latest session, Fly-E Group Inc (NASDAQ: FLYE) closed at $1.07 up 15.05% from its previous closing price of $0.93. In other words, the price has increased by $15.05 from its previous closing price. On the day, 3.37 million shares were traded. FLYE stock price reached its highest trading level at $1.1 during the session, while it also had its lowest trading level at $0.7232.

Ratios:

For a deeper understanding of Fly-E Group Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 1.56. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 0.67.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FLYE now has a Market Capitalization of 34932324 and an Enterprise Value of 35881512. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.88 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 1.568 whereas that against EBITDA is -6.929.

Stock Price History:

The Beta on a monthly basis for FLYE is -1.24, which has changed by -0.68483067 over the last 52 weeks, in comparison to a change of 0.19088471 over the same period for the S&P500. Over the past 52 weeks, FLYE has reached a high of $8.30, while it has fallen to a 52-week low of $0.48. The 50-Day Moving Average of the stock is 48.60%, while the 200-Day Moving Average is calculated to be -58.34%.

Shares Statistics:

For the past three months, FLYE has traded an average of 2.43M shares per day and 1116040 over the past ten days. A total of 18.90M shares are outstanding, with a floating share count of 15.38M. Insiders hold about 18.60% of the company’s shares, while institutions hold 0.29% stake in the company. Shares short for FLYE as of 1760486400 were 230112 with a Short Ratio of 0.09, compared to 1757894400 on 859517. Therefore, it implies a Short% of Shares Outstanding of 230112 and a Short% of Float of 1.45000005.

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