Erayak Power Solution Group Inc (NASDAQ: RAYA) is 225.79% higher on its value in year-to-date trading and has touched a low of $0.56 and a high of $3.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RAYA stock was last observed hovering at around $2.46 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $2.59, the stock is 14.29% and 41.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing 5.28% at the moment leaves the stock 90.38% off its SMA200. RAYA registered 90.44% gain for a year compared to 6-month gain of 90.44%. The firm has a 50-day simple moving average (SMA 50) of $1.83444 and a 200-day simple moving average (SMA200) of $1.370715.
The stock witnessed a 40.38% loss in the last 1 month and extending the period to 3 months gives it a 106.64%, and is 12.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 24.42% over the week and 18.70% over the month.
Erayak Power Solution Group Inc (RAYA) has around 360 employees, a market worth around $116.63M and $30.28M in sales. Profit margin for the company is -3.69%. Distance from 52-week low is 359.79% and -17.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.66%).
2.0 institutions hold shares in Erayak Power Solution Group Inc (RAYA), with institutional investors hold 0.11% of the company’s shares. The shares outstanding are 49.59M, and float is at 30.99M with Short Float at 0.05%. Institutions hold 0.08% of the Float.
