Market Recap Check: Fly-E Group Inc (FLYE)’s Negative Finish at 5.55, Up/Down -4.15

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

The price of Fly-E Group Inc (NASDAQ: FLYE) closed at $5.55 in the last session, down -4.15% from day before closing price of $5.79. In other words, the price has decreased by -$4.15 from its previous closing price. On the day, 3.22 million shares were traded. FLYE stock price reached its highest trading level at $5.83 during the session, while it also had its lowest trading level at $5.5141.

Ratios:

We take a closer look at FLYE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.41 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 1.90 whereas as Long-Term Debt/Eq ratio is at 1.11.

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 100437800 and an Enterprise Value of 118679168. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.95 while its Price-to-Book (P/B) ratio in mrq is 2.71. Its current Enterprise Value per Revenue stands at 4.667 whereas that against EBITDA is -30.717.

Stock Price History:

The Beta on a monthly basis for FLYE is -1.25, which has changed by 0.24719095 over the last 52 weeks, in comparison to a change of 0.16821623 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 $1.65. The 50-Day Moving Average of the stock is 37.40%, while the 200-Day Moving Average is calculated to be 88.89%.

Shares Statistics:

According to the various share statistics, FLYE traded on average about 501.11K shares per day over the past 3-months and 1672830 shares per day over the past 10 days. A total of 18.10M shares are outstanding, with a floating share count of 5.71M. Insiders hold about 68.45% of the company’s shares, while institutions hold 0.10% stake in the company. Shares short for FLYE as of 1752537600 were 455245 with a Short Ratio of 0.91, compared to 1749772800 on 71212. Therefore, it implies a Short% of Shares Outstanding of 455245 and a Short% of Float of 3.09.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

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