Geode Capital Management LLC has recently announced that it has increased stake in Ayro Inc. (NASDAQ:AYRO) by 1.00%. After grabbing 0.22 million shares, the institutional investor is now in possession of 2193.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.60% having worth around $0.13 million. Moreover, Group One Trading LP increased its share by 37511.0 to have a control over 0.11 million shares.
Ayro Inc. (AYRO) concluded trading on 01/11/23 at a closing price of $0.63, with 0.62 million shares of worth about $0.39 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.39% during that period and on Wednesday the price saw a gain of about 9.38%. Currently the company’s common shares owned by public are about 37.09M shares, out of which, 32.71M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 17 times over the past 12 months. They bought 492,249 shares in 8 of the transactions. In 9 selling transactions, insiders dumped 61,386 shares.
Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Ayro Inc. Vanguard Total Stock Market Index is currently holding 0.67 million shares of worth totaling $0.39 million. The company recently came buying 0.0 shares which brought its stake up to 1.82% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 0.12 million shares, have now control over 0.32% of the stake in the company. It holds 0.0 shares of worth $69220.0.
However, the stock later moved at a day high price of 0.6589, or with a gain of 9.38%. Stock saw a price change of 36.43% in past 5 days and over the past one month there was a price change of 10.93%. Year-to-date (YTD), AYRO shares are showing a performance of 65.77% which decreased to -57.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.35 but also hit the highest price of $1.62 during that period. The average intraday trading volume for Ayro Inc. shares is 157.31K. The stock is currently trading 34.50% above its 20-day simple moving average (SMA20), while that difference is up 18.78% for SMA50 and it goes to -22.65% lower than SMA200.
Geode Capital Management LLC acquired 0.22 million shares of Ayro Inc. having value of about $0.13 million. Data submitted at the U.S SEC by Geode Capital Management LLC revealed that the firm now holds 2193.0 shares in the company valued at close to $1381.59, or have control over 1.00% stake in the company. Ayro Inc. (NASDAQ: AYRO) currently have 37.09M outstanding shares and institutions hold larger chunk of about 9.60% of that. Holding of mutual funds in the company is about 5.87% while other institutional holders and individual stake holders have control over 7.90% and 3.66% of the stake respectively.
The stock has a current market capitalization of $21.91M and its 3Y-monthly beta is at 3.18. It has posted earnings per share of -$0.65 in the same period. It has Quick Ratio of 19.70 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AYRO, volatility over the week remained 9.67% while standing at 9.90% over the month.
Analysts are in expectations that Ayro Inc. (AYRO) stock would likely to be making an EPS of -$0.11 in the current quarter, while forecast for next quarter EPS is -$0.1 and it is -$0.46 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.11 which is -$0.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.33 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -28.80% while it is estimated to increase by 8.00% in next year.
Analysts at 1 brokerage firms have issued recommendations for the Ayro Inc. (AYRO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
