Erayak Power Solution Group Inc (NASDAQ:RAYA) shares, rose in value on Wednesday, July 09, with the stock price up by 0.41% to the previous day’s close as strong demand from buyers drove the stock to $2.46.
Actively observing the price movement in the last trading, the stock closed the session at $2.45, falling within a range of $2.43 and $2.83. The value of beta (5-year monthly) was 0.109. Referring to stock’s 52-week performance, its high was $3.14, and the low was $0.56. On the whole, RAYA has fluctuated by 31.55% over the past month.
With the market capitalization of Erayak Power Solution Group Inc currently standing at about $110.78 million, investors are eagerly awaiting this quarter’s results, scheduled for in August.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RAYA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of RAYA currently trading nearly 9.84% and 35.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.63, while the 7-day volatility ratio is showing 24.49% which for the 30-day chart, stands at 17.96%. Furthermore, Erayak Power Solution Group Inc (RAYA)’s beta value is 0.74.
A comparison of Erayak Power Solution Group Inc (RAYA) with its peers suggests the former has fared considerably weaker in the market. RAYA showed an intraday change of 0.41% in last session, and over the past year, it grew by 80.88%%.
Data on historical trading for Erayak Power Solution Group Inc (NASDAQ:RAYA) indicates that the trading volumes over the past 10 days have averaged 0.55 and over the past 3 months, they’ve averaged 93.83K. According to company’s latest data on outstanding shares, there are 49.59 million shares outstanding.
Nearly 31.19% of Erayak Power Solution Group Inc’s shares belong to company insiders and institutional investors own 0.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16710.0 shares as on 2025-06-13, resulting in a short ratio of 0.36. According to the data, the short interest in Erayak Power Solution Group Inc (RAYA) stood at 5.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 7438.0. The stock has risen by 207.12% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RAYA stock heading into the next quarter.
