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.
After finishing at $0.67 in the prior trading day, Fly-E Group Inc (NASDAQ: FLYE) closed at $0.71, up 4.85%. In other words, the price has increased by $4.85 from its previous closing price. On the day, 0.79 million shares were traded. FLYE stock price reached its highest trading level at $0.7373 during the session, while it also had its lowest trading level at $0.6743.
Ratios:
Our goal is to gain a better understanding of FLYE by taking a closer 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 13360201 and an Enterprise Value of 29021890. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 1.268 whereas that against EBITDA is -5.604.
Stock Price History:
The Beta on a monthly basis for FLYE is -1.66, which has changed by -0.7607445 over the last 52 weeks, in comparison to a change of 0.17904854 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 $0.51. The 50-Day Moving Average of the stock is -71.16%, while the 200-Day Moving Average is calculated to be -74.52%.
Shares Statistics:
The stock has traded on average 2.66M shares per day over the past 3-months and 795980 shares per day over the last 10 days, according to various share statistics. 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 0.23% stake in the company. Shares short for FLYE as of 1757894400 were 859517 with a Short Ratio of 0.32, compared to 1755216000 on 1927974. Therefore, it implies a Short% of Shares Outstanding of 859517 and a Short% of Float of 41.58.
