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Erayak Power Solution Group Inc. (RAYA)
0.6706  0.073 (12.29%)    04-19 16:00
Open: 0.679
High: 0.699
Volume: 79,047
  
Pre. Close: 0.5972
Low: 0.64
Market Cap: 8(M)
Technical analysis
2024-04-19 5:11:54 PM
Short term     
Mid term     
Targets 6-month :  0.85 1-year :  0.98
Resists First :  0.73 Second :  0.84
Pivot price 0.63
Supports First :  0.55 Second :  0.45
MAs MA(5) :  0.63 MA(20) :  0.63
MA(100) :  0.74 MA(250) :  1.18
MACD MACD :  -0.1 Signal :  -0.1
%K %D K(14,3) :  49.8 D(3) :  39.3
RSI RSI(14): 50.7
52-week High :  2.68 Low :  0.43
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ RAYA ] has closed below upper band by 32.9%. Bollinger Bands are 39.9% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 0.7 - 0.7 0.7 - 0.71
Low: 0.63 - 0.64 0.64 - 0.64
Close: 0.66 - 0.67 0.67 - 0.68
Company Description

Erayak Power Solution Group Inc., through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. The company's products are used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products. It operates in the People's Republic of China, France, Poland, Mexico, and the United Kingdom. The company was founded in 2009 and is based in Wenzhou, the People's Republic of China. Erayak Power Solution Group Inc. operates as a subsidiary of Erayak International Limited.

Headline News

Thu, 14 Mar 2024
Why Robinhood Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket - Markets Insider

Sat, 09 Mar 2024
Erayak Power Solution Group (NASDAQ:RAYA) Will Want To Turn Around Its Return Trends - Simply Wall St

Thu, 28 Sep 2023
Erayak Power Solution Group Inc. In Discussions with Potential Strategic Partners to Expand Market Opportunities and ... - GlobeNewswire

Thu, 20 Jul 2023
Lacklustre Performance Is Driving Erayak Power Solution Group Inc.'s (NASDAQ:RAYA) 25% Price Drop - Simply Wall St

Thu, 08 Jun 2023
U.S. Consulate General Shanghai Visits Erayak Power Solution Group in an Effort to Strengthen Bilateral Trade ... - Yahoo Finance

Wed, 01 Mar 2023
Erayak Power Solution Group Inc. Reports Approximately 500% Increase in Generator Sales in Fiscal Year 2022 - GlobeNewswire

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Industrials
Industry:
Electrical Equipment & Parts
Shares Out 14 (M)
Shares Float 2 (M)
Held by Insiders 72.7 (%)
Held by Institutions 0.3 (%)
Shares Short 0 (K)
Shares Short P.Month 27 (K)
Stock Financials
EPS 0.15
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 1.6
Profit Margin 7 %
Operating Margin 6.9 %
Return on Assets (ttm) 4.3 %
Return on Equity (ttm) 12.6 %
Qtrly Rev. Growth -17.8 %
Gross Profit (p.s.) 0
Sales Per Share 1.77
EBITDA (p.s.) 0.17
Qtrly Earnings Growth -83.7 %
Operating Cash Flow 0 (M)
Levered Free Cash Flow -6 (M)
Stock Valuations
PE Ratio 4.47
PEG Ratio 0
Price to Book value 0.41
Price to Sales 0.37
Price to Cash Flow 104.24
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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