Ayro Inc. (NASDAQ:AYRO) closed Thursday at $0.50 per share, down from $0.52 a day earlier. While Ayro Inc. has underperformed by -4.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AYRO fell by -60.92%, with highs and lows ranging from $1.26 to $0.35, whereas the simple moving average fell by -28.26% in the last 200 days.
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Analysis of Ayro Inc. (AYRO)
Further, the quarter-over-quarter decrease in sales is -25.00%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Ayro Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -37.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 22.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and AYRO is recording an average volume of 131.67K. On a monthly basis, the volatility of the stock is set at 9.25%, whereas on a weekly basis, it is put at 9.57%, with a loss of -8.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.15, showing growth from the present price of $0.50, which can serve as yet another indication of whether AYRO is worth investing in or should be passed over.
How Do You Analyze Ayro Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.90%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 9.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in AYRO shares?
The recent increase in stakes in AYRO appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in AYRO has increased by 0.05% in the first quarter. The company now owns 1,050,616 shares of the stock, with a value of $0.71 million, following the purchase of 494 additional shares during the last quarter. BlackRock Fund Advisors made another decreased to its shares in AYRO during the first quarter, downing its stake by -0.09%. During the last quarter, the company dropped down -452 additional shares for a total stake of worth $0.36 million, bringing number of shares owned by the company to 529,820.
During the first quarter, The Bank of New York Mellon Corp subtracted a -3,639 position in AYRO. Geode Capital Management LLC sold an additional 494.0 shares in the last quarter, decreasing its holdings by -0.22%, now holding 0.22 million shares worth $0.15 million. At the end of the first quarter, Millennium Management LLC increased its AYRO holdings by 48.88% and now holds 0.22 million AYRO shares valued at $0.15 million with the added 71831.0 shares during the period. AYRO shares are owned by institutional investors to the tune of 9.60% at present.
