Market Resilience: Fly-E Group Inc (FLYE) Finishes Weak at 0.5, Down -0.89

Ulysses Smith

The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.

Fly-E Group Inc (NASDAQ: FLYE) closed the day trading at $0.5 down -0.89% from the previous closing price of $0.5. In other words, the price has decreased by -$0.89 from its previous closing price. On the day, 3.8 million shares were traded. FLYE stock price reached its highest trading level at $0.7056 during the session, while it also had its lowest trading level at $0.4867.

Ratios:

For a better understanding of FLYE, let’s look at its different 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 16323515 and an Enterprise Value of 25110204. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 0.38. Its current Enterprise Value per Revenue stands at 1.097 whereas that against EBITDA is -4.849.

Stock Price History:

The Beta on a monthly basis for FLYE is -1.78, which has changed by -0.85592014 over the last 52 weeks, in comparison to a change of 0.18286073 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 -29.76%, while the 200-Day Moving Average is calculated to be -80.33%.

Shares Statistics:

Over the past 3-months, FLYE traded about 2.45M shares per day on average, while over the past 10 days, FLYE traded about 1501100 shares per day. 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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