Fly-E Group Inc [NASDAQ: FLYE] gained 3.56% or 0.18 points to close at $5.24 with a heavy trading volume of 6501509 shares.
It opened the trading session at $5.19, the shares rose to $5.27 and dropped to $4.95, the range by which the price of stock traded the whole day. The daily chart for FLYE points out that the company has recorded 78.84% gains over the past six months.
If we look at the average trading volume of 298.99K shares, FLYE reached to a volume of 6501509 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Fly-E Group Inc [FLYE]:
The Price to Book ratio for the last quarter was 2.56, with the Price to Cash per share for the same quarter was set at 0.05.
Trading performance analysis for FLYE stock
Fly-E Group Inc [FLYE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.21. With this latest performance, FLYE shares gained by 8.89% in over the last four-week period, additionally plugging by 78.84% over the last 6 months – not to mention a rise of 24.76% 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 FLYE stock in for the last two-week period is set at 59.89, with the RSI for the last a single of trading hit 0.66, and the three-weeks RSI is set at 0.60 for Fly-E Group Inc [FLYE]. The present Moving Average for the last 50 days of trading for this stock 3.74, while it was recorded at 5.41 for the last single week of trading, and 2.87 for the last 200 days.
Fly-E Group Inc [FLYE]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Fly-E Group Inc [FLYE] shares currently have an operating margin of -17.93% and a Gross Margin at 40.85%. Fly-E Group Inc’s Net Margin is presently recorded at -20.81%.
Fly-E Group Inc (FLYE) Capital Structure & Debt Analysis
According to recent financial data for Fly-E Group Inc. ( FLYE), the Return on Equity (ROE) stands at -62.05%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -14.29%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Fly-E Group Inc’s Return on Invested Capital (ROIC) is -24.93%, showcasing its effectiveness in deploying capital for earnings.
Fly-E Group Inc (FLYE) Efficiency & Liquidity Metrics
Based on Fly-E Group Inc’s (FLYE) latest financial statements, the Debt-to-Equity Ratio is 1.90%, indicating its reliance on debt financing relative to shareholder equity.
Fly-E Group Inc (FLYE) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Fly-E Group Inc. (FLYE) effectively leverages its workforce, generating an average of -$82656.25 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.10% and a Quick Ratio of 0.41%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at Fly-E Group Inc [FLYE]
There are presently around $0.10%, or 0.13% of FLYE stock, in the hands of institutional investors.
