Ayro Inc. [AYRO] Stock trading around $5.11 per share: What’s Next?

Ayro Inc. [NASDAQ: AYRO] stock went on an upward path that rose over 8.96% on Thursday, amounting to a one-week price increase of more than 0.79%. The company report on April 15, 2021 that AYRO to Participate on EV Panel at the Benzinga Cleantech Small Cap Conference and Present to Investors on April 22, 2021.

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AYRO, Inc. (Nasdaq: AYRO) a designer and manufacturer of light-duty, short-haul, and last-mile delivery electric vehicles (EVs), announced that management will participate in the Benzinga Cleantech Small Cap Conference on Thursday, April 22, 2021.

Chief Executive Officer Rod Keller will deliver his corporate presentation at 1:30 pm ET on April 22, 2021.

Over the last 12 months, AYRO stock rose by 104.40%. The average equity rating for AYRO stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $187.28 million, with 25.66 million shares outstanding and 23.12 million shares in the current float. Compared to the average trading volume of 4.47M shares, AYRO stock reached a trading volume of 2897812 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Ayro Inc. [AYRO]:

The Average True Range (ATR) for Ayro Inc. is set at 0.49, with the Price to Sales ratio for AYRO stock in the period of the last 12 months amounting to 117.05. The Price to Book ratio for the last quarter was 3.34, with the Price to Cash per share for the same quarter was set at 1.00.

AYRO Stock Performance Analysis:

Ayro Inc. [AYRO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.79. With this latest performance, AYRO shares dropped by -34.49% in over the last four-week period, additionally plugging by 79.30% over the last 6 months – not to mention a rise of 104.40% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AYRO stock in for the last two-week period is set at 39.57, with the RSI for the last a single of trading hit 39.94, and the three-weeks RSI is set at 41.40 for Ayro Inc. [AYRO]. The present Moving Average for the last 50 days of trading for this stock 6.74, while it was recorded at 4.80 for the last single week of trading, and 5.23 for the last 200 days.

Insight into Ayro Inc. Fundamentals:

Ayro Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 24.50 and a Current Ratio set at 25.30.

Ayro Inc. [AYRO] Insider Position Details

There are presently around $19 million, or 10.40% of AYRO stock, in the hands of institutional investors. The top three institutional holders of AYRO stocks are: INVESCO LTD. with ownership of 1,779,714, which is approximately New of the company’s market cap and around 1.70% of the total institutional ownership; MORGAN STANLEY, holding 473,150 shares of the stock with an approximate value of $2.42 million in AYRO stocks shares; and BLACKROCK INC., currently with $1.29 million in AYRO stock with ownership of nearly 390.671% of the company’s market capitalization.

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29 institutional holders increased their position in Ayro Inc. [NASDAQ:AYRO] by around 3,441,114 shares. Additionally, 12 investors decreased positions by around 221,485 shares, while 2 investors held positions by with 1,377 shares. The mentioned changes placed institutional holdings at 3,663,976 shares, according to the latest SEC report filing. AYRO stock had 19 new institutional investments in for a total of 2,579,286 shares, while 7 institutional investors sold positions of 138,695 shares during the same period.

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