Market cap of Erayak Power Solution Group Inc [RAYA] reaches 7.21M – now what?

Erayak Power Solution Group Inc [NASDAQ: RAYA] price plunged by -94.77 percent to reach at -$2.9.

A sum of 103591631 shares traded at recent session while its average daily volume was at 392.77K shares. Erayak Power Solution Group Inc shares reached a high of $1.72 and dropped to a low of $0.144 until finishing in the latest session at $0.16.

Guru’s Opinion on Erayak Power Solution Group Inc [RAYA]:

The Price to Book ratio for the last quarter was 0.30, with the Price to Cash per share for the same quarter was set at 0.03.

RAYA Stock Performance Analysis:

Erayak Power Solution Group Inc [RAYA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -93.60. With this latest performance, RAYA shares dropped by -92.34% in over the last four-week period, additionally sinking by -87.29% over the last 6 months – not to mention a drop of -88.23% in the past year of trading.

Insight into Erayak Power Solution Group Inc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Erayak Power Solution Group Inc [RAYA] shares currently have an operating margin of -5.17% and a Gross Margin at 12.64%. Erayak Power Solution Group Inc’s Net Margin is presently recorded at -3.69%.

Erayak Power Solution Group Inc (RAYA) Capital Structure & Debt Analysis

According to recent financial data for Erayak Power Solution Group Inc. ( RAYA), the Return on Equity (ROE) stands at -4.77%, reflecting a slight decline for investors. The Return on Assets (ROA) is -2.74%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Erayak Power Solution Group Inc’s Return on Invested Capital (ROIC) is -3.66%, showcasing its effectiveness in deploying capital for earnings.

Erayak Power Solution Group Inc (RAYA) Efficiency & Liquidity Metrics

Based on Erayak Power Solution Group Inc’s (RAYA) latest financial statements, the Debt-to-Equity Ratio is 0.19%, indicating its reliance on debt financing relative to shareholder equity.

Erayak Power Solution Group Inc (RAYA) Efficiency & Liquidity Metrics

From an operational efficiency perspective, Erayak Power Solution Group Inc. (RAYA) effectively leverages its workforce, generating an average of -$3111.11 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.13% and a Quick Ratio of 0.95%, indicating strong ability to cover short-term liabilities.

Erayak Power Solution Group Inc [RAYA] Institutonal Ownership Details

There are presently around $0.08%, or 0.11%% of RAYA stock, in the hands of institutional investors.

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