Erayak Power Solution Stock Today
| RAYA Stock | 1.20 0.02 1.69% |
Performance6 of 100
| Odds Of DistressLess than 19
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Erayak Power is trading at 1.20 as of the 29th of November 2024, a 1.69 percent up since the beginning of the trading day. The stock's open price was 1.18. Erayak Power has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Erayak Power Solution are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of August 2024 and ending today, the 29th of November 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 14th of December 2022 | Category Industrials |
Erayak Power is entity of United States. It is traded as Stock on NASDAQ exchange. The company has 27 M outstanding shares of which 4.88 K shares are at this time shorted by private and institutional investors with about 0.05 trading days to cover. More on Erayak Power Solution
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Erayak Stock Highlights
| Senior President | Colleen Vries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Electrical Equipment & Parts, Industrials, Industrials, Machinery, Electrical Equipment & Parts, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Erayak Power can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Erayak Power's financial leverage. It provides some insight into what part of Erayak Power's total assets is financed by creditors.
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Erayak Power Solution (RAYA) is traded on NASDAQ Exchange in USA. It is located in No. 528, 4th Avenue, Wenzhou, China, 325025 and employs 290 people. Erayak Power is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 33.6 M. Erayak Power Solution conducts business under Machinery sector and is part of Industrials industry. The entity has 27 M outstanding shares of which 4.88 K shares are at this time shorted by private and institutional investors with about 0.05 trading days to cover.
Erayak Power generates positive cash flow from operations, but has no cash available
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Ownership AllocationErayak Power holds a total of 27 Million outstanding shares. Erayak Power Solution retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Erayak Power Historical Income Statement
Erayak Stock Against Markets
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Erayak Power Solution. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Erayak Power. If investors know Erayak will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Erayak Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.55) | Earnings Share (0.01) | Revenue Per Share 1.695 | Quarterly Revenue Growth 0.264 | Return On Assets (0.02) |
The market value of Erayak Power Solution is measured differently than its book value, which is the value of Erayak that is recorded on the company's balance sheet. Investors also form their own opinion of Erayak Power's value that differs from its market value or its book value, called intrinsic value, which is Erayak Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Erayak Power's market value can be influenced by many factors that don't directly affect Erayak Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Erayak Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erayak Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erayak Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.