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Erayak Power Solution Group Inc (NASDAQ: RAYA) closed the day trading at $0.04 down -12.70% from the previous closing price of $0.04. In other words, the price has decreased by -$12.70 from its previous closing price. On the day, 58.62 million shares were traded. RAYA stock price reached its highest trading level at $0.044 during the session, while it also had its lowest trading level at $0.0351.
Ratios:
For a better understanding of RAYA, let’s look at its different ratios. 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 7639448 and an Enterprise Value of 10073474. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.07. Its current Enterprise Value per Revenue stands at 0.332 whereas that against EBITDA is -9.864.
Stock Price History:
The Beta on a monthly basis for RAYA is 0.60, which has changed by -0.94179106 over the last 52 weeks, in comparison to a change of 0.18189907 over the same period for the S&P500. Over the past 52 weeks, RAYA has reached a high of $3.35, while it has fallen to a 52-week low of $0.04. The 50-Day Moving Average of the stock is -95.42%, while the 200-Day Moving Average is calculated to be -96.91%.
Shares Statistics:
Over the past 3-months, RAYA traded about 50.73M shares per day on average, while over the past 10 days, RAYA traded about 87287860 shares per day. 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 0.07% stake in the company. Shares short for RAYA as of 1755216000 were 5135552 with a Short Ratio of 0.10, compared to 1752537600 on 72576. Therefore, it implies a Short% of Shares Outstanding of 5135552 and a Short% of Float of 3.09.