In the past week, RAYA stock has gone up by 25.90%, with a monthly gain of 140.34% and a quarterly surge of 107.28%. The volatility ratio for the week is 8.47%, and the volatility levels for the last 30 days are 20.81% for Erayak Power Solution Group Inc The simple moving average for the past 20 days is 48.92% for RAYA’s stock, with a 112.62% simple moving average for the past 200 days.
Is It Worth Investing in Erayak Power Solution Group Inc (NASDAQ: RAYA) Right Now?
Erayak Power Solution Group Inc (NASDAQ: RAYA) has a higher price-to-earnings ratio of 16.73x compared to its average ratio, The 36-month beta value for RAYA is at 0.76.
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The public float for RAYA is 3.45M, and currently, shorts hold a 0.37% of that float. The average trading volume for RAYA on November 05, 2024 was 52.20K shares.
RAYA) stock’s latest price update
The stock price of Erayak Power Solution Group Inc (NASDAQ: RAYA) has surged by 14.07 when compared to previous closing price of 1.49, but the company has seen a 25.90% gain in its stock price over the last five trading sessions. prnewswire.com reported 2023-11-20 that WENZHOU, China, Nov. 20, 2023 /PRNewswire/ — Erayak Power Solution Group Inc. (“Erayak” or the “Company”) (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, announced today that on November 15, 2023, the Company received a letter from the Nasdaq Listing Qualifications, indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until May 13, 2024, to regain compliance with the minimum bid price requirement.
RAYA Trading at 84.27% from the 50-Day Moving Average
After a stumble in the market that brought RAYA to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 3.01% of gains for the given period.
Volatility was left at 20.81%, however, over the last 30 days, the volatility rate increased by 8.47%, as shares surge +93.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +97.64% upper at present.
During the last 5 trading sessions, RAYA rose by +25.90%, which changed the moving average for the period of 200-days by +66.64% in comparison to the 20-day moving average, which settled at $1.1414. In addition, Erayak Power Solution Group Inc saw 54.52% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for RAYA
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.24 for the gross margin
The net margin for Erayak Power Solution Group Inc stands at 0.06. The total capital return value is set at 0.03.
Based on Erayak Power Solution Group Inc (RAYA), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 3.1. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 3.05.
Currently, EBITDA for the company is 2.84 million with net debt to EBITDA at -3.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 3.16for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.
Conclusion
In conclusion, Erayak Power Solution Group Inc (RAYA) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
