Erayak Power Solution Group Inc. Class A Ordinary Shares

Company Profile

Erayak Power Solution Group Inc. Class A Ordinary Shares had its IPO on 2022-12-14 under the ticker symbol RAYA.

The company operates in the Industrials sector and Electrical Equipment & Parts industry. Erayak Power Solution Group Inc. Class A Ordinary Shares has a staff strength of 132 employees.

Stock update

Shares of Erayak Power Solution Group Inc. Class A Ordinary Shares opened at $1.12 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.07 - $1.3, and closed at $1.24.

This is a -2.36% slip from the previous day's closing price.

A total volume of 36,037 shares were traded at the close of the day’s session.

In the last one week, shares of Erayak Power Solution Group Inc. Class A Ordinary Shares have increased by 0%.

Erayak Power Solution Group Inc. Class A Ordinary Shares's Key Ratios

Erayak Power Solution Group Inc. Class A Ordinary Shares has a market cap of $15.31 million, indicating a price to book ratio of 0 and a price to sales ratio of 0.

In the last 12-months Erayak Power Solution Group Inc. Class A Ordinary Shares’s revenue was $26.91 million with a gross profit of $5.67 million and an EBITDA of $4.34 million. The EBITDA ratio measures Erayak Power Solution Group Inc. Class A Ordinary Shares's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Erayak Power Solution Group Inc. Class A Ordinary Shares’s operating margin was 15.12% while its return on assets stood at 8.33% with a return of equity of 26.5%.

In Q2, Erayak Power Solution Group Inc. Class A Ordinary Shares’s quarterly earnings growth was a negative -80.4% while revenue growth was a positive 45.3%.

Erayak Power Solution Group Inc. Class A Ordinary Shares’s PE and PEG Ratio

Forward PE

0

Trailing PE

3.2368

PEG

Its diluted EPS in the last 12-months stands at $0.38 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Erayak Power Solution Group Inc. Class A Ordinary Shares’s profitability.

Erayak Power Solution Group Inc. Class A Ordinary Shares stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 0.

Erayak Power Solution Group Inc. Class A Ordinary Shares stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$3.36 million

Total Liabilities

$2.75 million

Operating Cash Flow

$0

Capital Expenditure

$92571

Dividend Payout Ratio

0%

Erayak Power Solution Group Inc. Class A Ordinary Shares ended 2024 with $3.36 million in total assets and $0 in total liabilities. Its intangible assets were valued at $3.36 million while shareholder equity stood at $242368.50.

Erayak Power Solution Group Inc. Class A Ordinary Shares ended 2024 with $0 in deferred long-term liabilities, $2.75 million in other current liabilities, 0.25 in common stock, $-2292.75 in retained earnings and $0 in goodwill. Its cash balance stood at $253000.00 and cash and short-term investments were $253000.00. The company’s total short-term debt was $419,430 while long-term debt stood at $0.

Erayak Power Solution Group Inc. Class A Ordinary Shares’s total current assets stands at $925968.25 while long-term investments were $0 and short-term investments were $0. Its net receivables were $314871.00 compared to accounts payable of $685023.25 and inventory worth $312577.50.

In 2024, Erayak Power Solution Group Inc. Class A Ordinary Shares's operating cash flow was $0 while its capital expenditure stood at $92571.

Comparatively, Erayak Power Solution Group Inc. Class A Ordinary Shares paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.24

52-Week High

$3.886

52-Week Low

$0.89

Analyst Target Price

$

Erayak Power Solution Group Inc. Class A Ordinary Shares stock is currently trading at $1.24 per share. It touched a 52-week high of $3.886 and a 52-week low of $3.886. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $1.54 and 200-day moving average was $0 The short ratio stood at 0.23 indicating a short percent outstanding of 0%.

Around 6462.9% of the company’s stock are held by insiders while 0.9% are held by institutions.