With the current price of $4.29, the stock of Ayro, Inc. (NASDAQ:AYRO) concluded the trading session seeing its price drop by -0.12 points or at a loss of -2.72% compared to its previous day’s closing price of $4.41. About 1.029 million shares of the stock changed hands on the day. The trading volume of AYRO’s shares during the past session compares with the stock’s average daily trading volume of 7.065 million shares. On the other hand, a float of 4.45 million shares and a weekly performance of -6.94% make the stock worth to keep an eye on. Analysts are in agreement on an annual target price of $0 for AYRO’s share which suggests that the stock, price of which is currently buoying between $4.22 and $4.54, is prone to a loss of -100%. But still, there are some analysts recommending a price below the agreed average price and one of them has given a target price of $295680 to the stock.
The latest data released on July 15, 2020 shows that the short float in the Ayro, Inc.’s stock is trending upward as short interest in AYRO shares climbed up leaving more number of shares available to public for trading. Number of shares shorted in the AYRO is currently comprised of 17.77% of the float as the volume of shorted shares inclined by 427105 shares. Over the past two weeks, stock’s short interests weakened as number of shorted shares increased to 791393 shares from the previous figure of 364288 shares. Stock’s average intraday volume is now standing at 35.024 million shares which indicate that the days to cover the shorts are nearly 1.
After concluding the day’s trading, price of Ayro, Inc. (NASDAQ:AYRO) is down -$0.32 over the week and it is -$1.83 below20-day average price. The highest price touched by the stock on the day was lower than 52-week high price of $8.75 that was attained on 12/20/19.
The stock has traded as low as $1.8 in past 52-week, and its current price is 138.33% above from that 52-week low price mark recorded on 04/07/20, which is an indicator that could increase the investors’ motivation level in taking advantage of price surge the stock has currently been going through. Stock currently has its beta at 2.66. A beta value of more than 1 represents higher volatility of a stock than that of the market and for the reason investors closely watch the behavior of such stock.
Current indicators are pointing at 48.69 as 14-days RSI of Ayro, Inc. This means that the AYRO is currently in a neutral territory and its share’s price movement is likely to be steady for a while. Similarly, the stochastic oscillator is indicating a momentum of 16.31%, implying stock’s share price is buoying in an overbought state.
Technical chart is showing 1st resistance point of $4.48 for the AYRO’s share while placing it at a 2nd resistance point of $4.67 to be settled at. But if the stock takes a plunge lower than the 1st support price of $4.16 then its market would become weakened. And that would likely sliding the stock price down to 2nd support price level of $4.03.
MACD oscillator is showing a reading of -0.02 for the stock which means that it is currently in the red zone. Any movement above or below the zero level of the indicator has always being noticed by the investors as it makes them compare the stock’s average measure in short-term with that in the long-term. An MACD evaluation of more than zero means that stock has a stronger short-term average than long-term average, which implies that stock’s price is likely to climb up. But an MACD below zero indicates weaker short-term average compare to the long-term average.
A quick look at other side of the picture shows that AYRO stock is lagging behind earnings per share estimates with a forward price-to-earnings ratio of 0. Stock’s current price-to-sales (P/S) ratio of 0 is at the rear of industry’s average P/S ratio of 31.7. A comparison of Ayro, Inc.’s trailing 12-months P/E ratio of 0 implies that it is trading above the industry’s average P/E ratio, which currently is 1.8.