The stock of Fly-E Group Inc (FLYE) has gone up by 9.76% for the week, with a 5.40% rise in the past month and a -16.88% drop in the past quarter. The volatility ratio for the week is 15.96%, and the volatility levels for the past 30 days are 14.35% for FLYE. The simple moving average for the past 20 days is 3.27% for FLYE’s stock, with a -65.31% 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 3.41% of that float. The average trading volume for FLYE on November 18, 2024 was 264.24K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
FLYE) stock’s latest price update
Fly-E Group Inc (NASDAQ: FLYE)’s stock price has gone rise by 13.56 in comparison to its previous close of 0.61, however, the company has experienced a 9.76% increase 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 10.44% 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 -90.95% of loss for the given period.
Volatility was left at 14.35%, however, over the last 30 days, the volatility rate increased by 15.96%, as shares surge +6.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.69% upper at present.
During the last 5 trading sessions, FLYE rose by +9.76%, in comparison to the 20-day moving average, which settled at $0.6675. In addition, Fly-E Group Inc saw -85.58% 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 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -0.69. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 13.05.
Currently, EBITDA for the company is 5.78 million with net debt to EBITDA at 2.59. When we switch over and look at the enterprise to sales, we see a ratio of 0.95. 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 mixed 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.
