Market Recap: Fly-E Group Inc (FLYE)’s Positive Momentum, Closing at 1.12

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The closing price of Fly-E Group Inc (NASDAQ: FLYE) was $1.12 for the day, up 16.38% from the previous closing price of $0.96. In other words, the price has increased by $16.38% from its previous closing price. On the day, 1.47 million shares were traded. FLYE stock price reached its highest trading level at $1.2299 during the session, while it also had its lowest trading level at $0.9141.

Ratios:

Our analysis of FLYE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.27 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 1.68 whereas as Long-Term Debt/Eq ratio is at 1.07.

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 59565072 and an Enterprise Value of 48574912. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.09 while its Price-to-Book (P/B) ratio in mrq is 2.06. Its current Enterprise Value per Revenue stands at 1.702 whereas that against EBITDA is -82.203.

Stock Price History:

The Beta on a monthly basis for FLYE is -3.74, which has changed by -0.80281687 over the last 52 weeks, in comparison to a change of 0.11213791 over the same period for the S&P500. Over the past 52 weeks, FLYE has reached a high of $7.62, while it has fallen to a 52-week low of $0.33. The 50-Day Moving Average of the stock is 107.56%, while the 200-Day Moving Average is calculated to be 107.71%.

Shares Statistics:

FLYE traded an average of 257.12K shares per day over the past three months and 853430 shares per day over the past ten days. A total of 24.59M shares are outstanding, with a floating share count of 16.78M. Insiders hold about 68.45% of the company’s shares, while institutions hold 0.18% stake in the company. Shares short for FLYE as of 1748563200 were 458061 with a Short Ratio of 1.78, compared to 1745971200 on 342786. Therefore, it implies a Short% of Shares Outstanding of 458061 and a Short% of Float of 5.8999999999999995.