The trading price of Fly-E Group Inc (NASDAQ:FLYE) closed higher on Friday, November 15, and closing at $0.69, 13.56% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.575 and $0.7399. In examining the 52-week price action we see that the stock hit a 52-week high of $7.62 and a 52-week low of $0.51. Over the past month, the stock has gained 5.40% in value.
Fly-E Group Inc, whose market valuation is $16.95 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that FLYE’s price is currently 3.27% off the SMA20 and 10.44% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.15, and weekly volatility stands at 15.96%. When measured over the past 30 days, the indicator reaches 14.35%. Fly-E Group Inc (NASDAQ:FLYE)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.08.
To see how Fly-E Group Inc stock has been performing in comparison to its peers in the industry, here are the numbers: FLYE stock’s performance was 13.56% in the latest trading.
An evaluation of the daily trading volume of Fly-E Group Inc (NASDAQ:FLYE) indicates that the 3-month average is 264.24K. However, this figure has increased over the past 10 days to an average of 0.34.
Currently, records show that 24.59 million of the company’s shares remain outstanding. The insiders hold 68.45% of outstanding shares, whereas institutions hold 0.92%. The stats also highlight that short interest as of 2024-10-31, stood at 0.26 million shares, resulting in a short ratio of 0.8 at that time. From this, we can conclude that short interest is 341.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.35 million. However, since the stock’s price has seen -85.58% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
