Erayak Power Solution Group Inc [NASDAQ: RAYA] loss -1.65% or 0.0 points to close at $0.06 with a heavy trading volume of 139444804 shares.
It opened the trading session at $0.056, the shares rose to $0.0779 and dropped to $0.0516, the range by which the price of stock traded the whole day. The daily chart for RAYA points out that the company has recorded -95.07% loss over the past six months.
If we look at the average trading volume of 58.89M shares, RAYA reached to a volume of 139444804 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 Erayak Power Solution Group Inc [RAYA]:
The Price to Book ratio for the last quarter was 0.11, with the Price to Cash per share for the same quarter was set at 0.01.
Trading performance analysis for RAYA stock
Erayak Power Solution Group Inc [RAYA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 39.25. With this latest performance, RAYA shares gained by 12.45% in over the last four-week period, additionally sinking by -95.07% over the last 6 months – not to mention a drop of -95.62% in the past year of trading.
Erayak Power Solution Group Inc [RAYA]: A deeper dive into fundamental analysis
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.
An analysis of Institutional ownership at Erayak Power Solution Group Inc [RAYA]
There are presently around $0.02%, or 0.02%% of RAYA stock, in the hands of institutional investors.
