The stock of Fly-E Group Inc. (FLYE) has gone down by -6.12% for the week, with a 10.29% rise in the past month and a -89.64% drop in the past quarter. The volatility ratio for the week is 8.62%, and the volatility levels for the past 30 days are 9.77% for FLYE. The simple moving average for the past 20 days is 10.44% for FLYE’s stock, with a -71.38% simple moving average for the past 200 days.
Is It Worth Investing in Fly-E Group Inc. (NASDAQ: FLYE) Right Now?
The public float for FLYE is 7.76M, and currently, shorts hold a 4.48% of that float. The average trading volume for FLYE on October 18, 2024 was 1.05M shares.
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FLYE) stock’s latest price update
Fly-E Group Inc. (NASDAQ: FLYE)’s stock price has gone rise by 10.47 in comparison to its previous close of 0.59, however, the company has experienced a -6.12% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-08-19 that NEW YORK, Aug. 19, 2024 /PRNewswire/ — Fly-E Group, Inc. (Nasdaq: FLYE) (“Fly-E” or the “Company”), an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories, today announced its unaudited financial results for the first quarter of fiscal year 2025 ended June 30, 2024. First Quarter of Fiscal Year 2025 Financial Summary Net revenues were $7.9 million in the first quarter of fiscal year 2025, an increase of 0.4% from $7.8 million in the same period last year.
FLYE Trading at -1.61% from the 50-Day Moving Average
After a stumble in the market that brought FLYE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.42% of loss for the given period.
Volatility was left at 9.77%, however, over the last 30 days, the volatility rate increased by 8.62%, as shares surge +12.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.73% lower at present.
During the last 5 trading sessions, FLYE fell by -6.12%, in comparison to the 20-day moving average, which settled at $0.5922. In addition, Fly-E Group Inc. saw -86.32% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FLYE
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.42 for the gross margin
The net margin for Fly-E Group Inc. stands at 0.04. The total capital return value is set at 0.07.
Based on Fly-E Group Inc. (FLYE), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -0.23. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 13.05.
Currently, EBITDA for the company is 5.81 million with net debt to EBITDA at 3.04. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. The receivables turnover for the company is 76.82for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.25.
Conclusion
In conclusion, Fly-E Group Inc. (FLYE) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
