It’s Not A Fantasy To Think That Fly-E Group Inc (FLYE) Has Big Future Potential

Fly-E Group Inc (NASDAQ:FLYE) currently has a daily average trading volume of 1.62M but it saw 2594501 shares traded in last market. With a market cap of 19.31M USD, the company’s current market price of $0.79 came falling about -6.52 while comparing to the previous closing price of $0.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.62 and as low as $0.38. In the recent trading on the day, stock has struck highest price mark of $0.6427 while lowest mark touched by it was $0.8745.

Taking a look at 20-day trading activity of Fly-E Group Inc (FLYE) gives us an average price of $0.4919, while its current price level is -89.70% below from 52-week high level whereas it is 105.82% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.5538. A closer look into the stock’s movement over the week reveals that its volatility is standing at 46.59% during that period while stretching the period over a month that decreases to 18.80%. 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 70.69 which implies that the stock is in overbought territory.

Over the week, FLYE’s stock price is moving 77.45% up while it is 67.06% when we observe its performance for the past one month. Year-to-date it is -6.52% down and over the past year.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Fly-E Group Inc’s total number of outstanding shares is 24.59M. Stock has a price to book (P/B) ratio of 1.37.