Erayak Power Solution Group Inc (NASDAQ: RAYA) is -79.41% lower on its value in year-to-date trading and has touched a low of $0.14 and a high of $3.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RAYA stock was last observed hovering at around $0.16 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $0.19, the stock is -91.96% and -90.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 89.62 million and changing 15.62% at the moment leaves the stock -86.99% off its SMA200. RAYA registered -86.39% loss for a year compared to 6-month gain of -85.54%. The firm has a 50-day simple moving average (SMA 50) of $1.95228 and a 200-day simple moving average (SMA200) of $1.43197.
The stock witnessed a -91.74% loss in the last 1 month and extending the period to 3 months gives it a -88.78%, and is -93.97% down 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 235.08% over the week and 73.12% over the month.
Erayak Power Solution Group Inc (RAYA) has around 360 employees, a market worth around $8.34M and $30.28M in sales. Profit margin for the company is -3.69%. Distance from 52-week low is 28.81% and -94.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.66%).
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Erayak Power Solution Group Inc (RAYA) Top Institutional Holders
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 0.01%. Institutions hold 0.08% of the Float.
