Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Erayak Power Solution Group Inc (NASDAQ: RAYA) was $2.3 for the day, down -10.16% from the previous closing price of $2.56. In other words, the price has decreased by -$10.16 from its previous closing price. On the day, 0.52 million shares were traded. RAYA stock price reached its highest trading level at $2.67 during the session, while it also had its lowest trading level at $2.23.
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 0.95 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.15.
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 103575664 and an Enterprise Value of 134578704. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.42 while its Price-to-Book (P/B) ratio in mrq is 4.38. Its current Enterprise Value per Revenue stands at 4.441 whereas that against EBITDA is -131.779.
Stock Price History:
The Beta on a monthly basis for RAYA is 0.72, which has changed by 1.7218935 over the last 52 weeks, in comparison to a change of 0.1185931 over the same period for the S&P500. Over the past 52 weeks, RAYA has reached a high of $2.88, while it has fallen to a 52-week low of $0.56. The 50-Day Moving Average of the stock is 33.25%, while the 200-Day Moving Average is calculated to be 75.04%.
Shares Statistics:
RAYA traded an average of 53.40K shares per day over the past three months and 211930 shares per day over the past ten days. A total of 49.59M shares are outstanding, with a floating share count of 30.99M. Insiders hold about 31.19% of the company’s shares, while institutions hold 0.09% stake in the company. Shares short for RAYA as of 1749772800 were 16710 with a Short Ratio of 0.31, compared to 1747267200 on 7438. Therefore, it implies a Short% of Shares Outstanding of 16710 and a Short% of Float of 0.05.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
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.
