Erayak Power Solution Group Inc [NASDAQ: RAYA] surged by $0.0 during the normal trading session on Friday and reaching a high of $0.0449 during the day while it closed the day at $0.04.
Erayak Power Solution Group Inc stock has also loss -3.82% of its value over the past 7 days. However, RAYA stock has declined by -97.87% in the 3 months of the year. Over the past six months meanwhile, it has lost -96.54% and lost -95.43% year-on date.
The market cap for RAYA stock reached $1.93 million, with 49.59 million shares outstanding and 30.99 million shares in the current float. Compared to the average trading volume of 54.16M shares, RAYA reached a trading volume of 46560136 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Erayak Power Solution Group Inc [RAYA]:
The Price to Book ratio for the last quarter was 0.08, with the Price to Cash per share for the same quarter was set at 0.03.
RAYA stock trade performance evaluation
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 -3.82. With this latest performance, RAYA shares dropped by -29.14% in over the last four-week period, additionally sinking by -96.54% over the last 6 months – not to mention a drop of -96.85% in the past year of trading.
Erayak Power Solution Group Inc [RAYA]: An insightful look at the core 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]: Institutional Ownership
There are presently around $0.02%, or 0.02%% of RAYA stock, in the hands of institutional investors.
