The trading price of Fly-E Group Inc (NASDAQ:FLYE) floating higher at last check on current market day and closing at $0.72, 52.64% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.5063 and $0.83. 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 $0.38. Over the past month, the stock has gained 67.36% in value.
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Fly-E Group Inc, whose market valuation is $17.70 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
A quick review shows that FLYE’s price is currently 57.14% off the SMA20 and 31.26% off the SMA50. The RSI metric on the 14-day chart is currently showing 71.74, and weekly volatility stands at 9.82%. When measured over the past 30 days, the indicator reaches 9.78%. Fly-E Group Inc (NASDAQ:FLYE)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.07.
To see how Fly-E Group Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: FLYE stock’s performance was 52.64% 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 302.89K. However, this figure has increased over the past 10 days to an average of 0.32.
Currently, records show that 24.59 million of the company’s shares remain outstanding. The insiders hold 68.45% of outstanding shares, whereasinstitutions hold 1.07%. 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 -84.94% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
