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Erayak Power Solution Group (RAYA) Stock Price, News & Analysis

Erayak Power Solution Group logo
$1.39
+0.04 (+2.96%)
(As of 10/31/2024 ET)

About Erayak Power Solution Group Stock (NASDAQ:RAYA)

Key Stats

Today's Range
$1.35
$1.40
50-Day Range
$0.58
$1.53
52-Week Range
$0.44
$1.65
Volume
13,604 shs
Average Volume
113,065 shs
Market Capitalization
$38.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

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 China, France, Poland, Mexico, and the United Kingdom. The company was incorporated in 2019 and is based in Wenzhou, the People's Republic of China. Erayak Power Solution Group Inc. operates as a subsidiary of Erayak International Limited.

Erayak Power Solution Group Stock Analysis - MarketRank™

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14th Percentile Overall Score

RAYA MarketRank™: 

Erayak Power Solution Group scored higher than 14% of companies evaluated by MarketBeat, and ranked 616th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Book Value per Share Ratio

    Erayak Power Solution Group has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.37% of the float of Erayak Power Solution Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Erayak Power Solution Group has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Erayak Power Solution Group has recently increased by 9.32%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Erayak Power Solution Group does not currently pay a dividend.

  • Dividend Growth

    Erayak Power Solution Group does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.37% of the float of Erayak Power Solution Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Erayak Power Solution Group has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Erayak Power Solution Group has recently increased by 9.32%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Erayak Power Solution Group has a news sentiment score of 1.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.
  • MarketBeat Follows

    1 people have added Erayak Power Solution Group to their MarketBeat watchlist in the last 30 days.
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RAYA Stock News Headlines

Moses Lake faces power crunch amid manufacturing boom
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Erayak Power Solution Group Inc. (RAYA)
ORBT Orbit International Corp.
Erayak Power Solution Group Inc.
See More Headlines

RAYA Stock Analysis - Frequently Asked Questions

Erayak Power Solution Group's stock was trading at $1.10 at the beginning of 2024. Since then, RAYA shares have increased by 26.5% and is now trading at $1.3915.
View the best growth stocks for 2024 here
.

Erayak Power Solution Group (RAYA) raised $12 million in an IPO on Wednesday, December 14th 2022. The company issued 3,000,000 shares at $4.00 per share. Craft Capital Management and R.F. Lafferty & Co. acted as the underwriters for the IPO.

Shares of RAYA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Erayak Power Solution Group investors own include Avino Silver & Gold Mines (ASM), Avino Silver & Gold Mines (ASM), Cogent Communications (CCOI), PayPal (PYPL), Qifu Technology (QFIN), Sunrun (RUN) and Popular (BPOP).

Company Calendar

Today
10/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motors & generators
Sub-Industry
Electrical Equipment
Current Symbol
NASDAQ:RAYA
Fax
N/A
Employees
120
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$20.32 million
Cash Flow
$0.13 per share
Book Value
$1.62 per share

Miscellaneous

Free Float
N/A
Market Cap
$38.57 million
Optionable
Not Optionable
Beta
1.91
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This page (NASDAQ:RAYA) was last updated on 10/31/2024 by MarketBeat.com Staff
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