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FLYE’s Debt-to-Equity Ratio at 1.67: What It Means for Fly-E Group Inc’s Future

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52-week price history of FLYE Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Fly-E Group Inc’s current trading price is -91.08% away from its 52-week high, while its distance from the 52-week low is 78.24%. The stock’s price range during the 52-week period has remained between $0.38 and $7.62. In the Consumer Cyclical sector, the company’s shares saw a trading volume of around 1.04 million for the day, which was evidently lower than the average daily volume of 1.79 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Fly-E Group Inc (FLYE) has experienced a quarterly rise of 0.58% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 16.72M and boasts a workforce of 84 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5934, with a change in price of -0.1580. Similarly, Fly-E Group Inc recorded 1,183,048 in trading volume during the last 100 days, posting a change of -18.85%.

Examining FLYE’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for FLYE stands at 1.67. Similarly, the long-term debt-to-equity ratio is also 0.96.

FLYE Stock Stochastic Average

As of today, Fly-E Group Inc’s raw stochastic average for the last 50 days stands at 23.35%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 23.35%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 19.03% and 17.51%, respectively.

FLYE Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -19.05%. However, over the last six months, the performance has been stronger by -89.82%. The price of FLYE increased 40.18% over the last 30 days. And in the last five days, it has fallen by -4.21%.

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