In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Erayak Power Solution Group Inc (NASDAQ: RAYA) was $1.28 for the day, down -1.16% from the previous closing price of $1.29. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 52149.0 shares were traded. RAYA stock price reached its highest trading level at $1.47 during the session, while it also had its lowest trading level at $1.23.
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 1.41 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.06.
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 35840000 and an Enterprise Value of 39877896. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 1.748 whereas that against EBITDA is -50.167.
Stock Price History:
Over the past 52 weeks, RAYA has reached a high of $1.78, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is 1.14%, while the 200-Day Moving Average is calculated to be 40.44%.
Shares Statistics:
RAYA traded an average of 52.19K shares per day over the past three months and 35830 shares per day over the past ten days. A total of 27.00M shares are outstanding, with a floating share count of 19.00M. Insiders hold about 32.14% of the company’s shares, while institutions hold 0.10% stake in the company. Shares short for RAYA as of 1734048000 were 9000 with a Short Ratio of 0.17, compared to 1731628800 on 4878. Therefore, it implies a Short% of Shares Outstanding of 9000 and a Short% of Float of 0.05.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
