Market Recap: AYRO Inc (AYRO)’s Negative Momentum, Closing at 0.82

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The closing price of AYRO Inc (NASDAQ: AYRO) was $0.82 for the day, down -8.99% from the previous closing price of $0.90. In other words, the price has decreased by -$8.99 from its previous closing price. On the day, 1.93 million shares were traded. AYRO stock price reached its highest trading level at $0.86 during the session, while it also had its lowest trading level at $0.75.


Our analysis of AYRO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 10.09 and its Current Ratio is at 11.00. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 01 ’23 when Joseph Zvi sold 13,092 shares for $0.81 per share. The transaction valued at 10,670 led to the insider holds 200,953 shares of the business.

Silverman Joshua sold 12,740 shares of AYRO for $10,386 on Aug 01 ’23. The Director now owns 395,493 shares after completing the transaction at $0.82 per share. On Aug 01 ’23, another insider, SCHIFFMAN GREGORY T, who serves as the Director of the company, sold 7,274 shares for $0.82 each. As a result, the insider received 5,930 and left with 220,254 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AYRO now has a Market Capitalization of 4340880 and an Enterprise Value of -9366186. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.87 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at -21.086 whereas that against EBITDA is 0.356.

Stock Price History:

Over the past 52 weeks, AYRO has reached a high of $7.52, while it has fallen to a 52-week low of $0.89. The 50-Day Moving Average of the stock is -36.89%, while the 200-Day Moving Average is calculated to be -57.99%.

Shares Statistics:

AYRO traded an average of 54.06K shares per day over the past three months and 307250 shares per day over the past ten days. A total of 4.91M shares are outstanding, with a floating share count of 4.52M. Insiders hold about 14.74% of the company’s shares, while institutions hold 5.12% stake in the company. Shares short for AYRO as of 1715731200 were 577842 with a Short Ratio of 10.69, compared to 1713139200 on 563796. Therefore, it implies a Short% of Shares Outstanding of 577842 and a Short% of Float of 11.08.

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