Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Fly-E Group Inc’s current trading price is -20.36% away from its 52-week high, while its distance from the 52-week low is 301.58%. The stock’s price range during this period has varied between $1.65 and $8.30. The company, active in the Consumer Cyclical sector, saw a trading volume of around 5.17 million for the day, considerably higher average daily volume of 0.65 million observed over the last three months.
Fly-E Group Inc’s stock has had a calm market performance.
How Financial Performance Impacts Market Capitalization
Fly-E Group Inc (FLYE) has experienced a quarterly rise of 231.25% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 119.62M and boasts a workforce of 64 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.32, with a change in price of +4.26. Similarly, Fly-E Group Inc recorded 473,732 in trading volume during the last 100 days, posting a change of +181.40%.
How FLYE’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for FLYE stands at 1.90. Similarly, the long-term debt-to-equity ratio is also 1.11.
FLYE Stock Stochastic Average
As of today, the raw stochastic average of Fly-E Group Inc over the past 50 days is 98.00%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 96.30%. Additionally, the Stochastic %K and %D values for the company were 92.46% and 90.21%, respectively, over the past 20 days.
FLYE Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 62.09%.However, over the last six months, we can see a weaker performance of 163.35%. Over the last 30 days, the price of FLYE has fallen by 53.90%. And in the last five days, it has surged by 19.10%.
