Spotting A Winner: Fly-E Group Inc. (NASDAQ: FLYE) Retreats -12.40 And It Still Have Room To Run

Fly-E Group Inc. (NASDAQ:FLYE) currently has a daily average trading volume of 1.92M but it saw 2583895 shares traded in last market. With a market cap of 26.07M USD, the company’s current market price of $1.06 came falling about -12.40 while comparing to the previous closing price of $1.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.62 and as low as $0.97.

Taking a look at 20-day trading activity of Fly-E Group Inc. (FLYE) gives us an average price of $5.3773, while its current price level is -86.09% below from 52-week high level whereas it is 9.17% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 123.67% during that period while stretching the period over a month that decreases to 38.87%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 23.76 which implies that the stock is in oversold territory.

Over the week, FLYE’s stock price is moving -82.65% down while it is -81.57% when we observe its performance for the past one month. Year-to-date it is -77.82% down and over the past year.

Currently, Fly-E Group Inc.’s total number of outstanding shares is 24.59M. Stock has a price to book (P/B) ratio of 3.72.