On September 15, 2023, AYRO, a publicly traded company, has announced its intention to undergo a reverse stock split. This corporate action involves consolidating the existing shares of common stock into a reduced number of higher-priced shares. In AYRO’s case, the reverse stock split will result in 1 post-split share for every 8 pre-split shares held by shareholders.
It is essential to note that a reverse stock split does not directly impact the overall value of a company. Instead, it primarily affects the stock price. By reducing the number of outstanding shares and increasing the price per share, AYRO aims to boost its stock price and regain compliance with the requirements of the stock exchange.
The decision to implement a reverse stock split is typically made by company management and must be approved by the shareholders through their voting rights. In this scenario, AYRO’s shareholders will have the opportunity to consent to the proposed reverse stock split.
Following the reverse stock split, AYRO’s common stock will commence trading on a split-adjusted basis on September 18. This means that the stock price will reflect the consolidated shares according to the designated ratio.
Updated on: 04/12/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Neutral
Price to book ratio: Neutral
DCF: Strong Buy
ROE: Strong Sell
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AYRO Stock Performance on September 15, 2023: Stable Prices and Declining Earnings Growth in the Auto Parts OEM Industry
AYRO Stock Performances on September 15, 2023
AYRO, a company in the auto parts OEM industry, had an interesting day on September 15, 2023, with its stock showing some fluctuations.
The previous day’s closing price for AYRO stock was $0.49. However, the stock opened slightly lower on September 15, starting at $0.47. Throughout the day, the stock’s price ranged between $0.44 and $0.47.
In terms of trading volume, AYRO saw a total of 478 shares traded on that day. This is significantly lower than the average trading volume of 157,801 shares over the past three months.
AYRO has a market capitalization of $18.2 million, which indicates the total value of its outstanding shares.
Looking at the earnings growth, AYRO experienced a positive growth rate of 34.18% in the previous year. However, in the current year, the earnings growth rate dropped to -6.45%.
AYRO’s revenue growth in the last year was 11.44%.
The P/E ratio for AYRO is listed as NM, which stands for “not meaningful.” The price-to-sales ratio is 4.74, indicating that investors are willing to pay 4.74 times the company’s annual sales for each share of stock.
The price-to-book ratio for AYRO is 0.35, which implies that the stock is trading at a discount to its book value.
AYRO’s next reporting date is scheduled for November 10, 2023.
The EPS forecast for the current quarter is -$0.14.
In the previous year, AYRO reported annual revenue of $3.0 million. However, the company incurred a net loss of -$22.9 million during the same period.
AYRO operates in the producer manufacturing sector, specifically in the auto parts OEM industry. AYRO’s corporate headquarters are located in Round Rock, Texas.
In summary, AYRO’s stock performance on September 15, 2023, was relatively stable, with minimal price fluctuations. The company’s earnings growth has declined in the current year, but it has shown positive revenue growth in the last year. AYRO operates in the producer manufacturing sector and is headquartered in Texas.
AYRO Inc Stock Performance Soars with 192.46% Increase: Analysts Recommend Buying
On September 15, 2023, AYRO Inc experienced significant stock performance. According to data from CNN Money, the one analyst offering a 12-month price forecast for AYRO Inc had a median target of $1.30, with both the high and low estimates also at $1.30. This median estimate represents a remarkable increase of 192.46% from the last recorded price of $0.44.
The consensus among one polled investment analyst is to buy stock in AYRO Inc. This rating has remained unchanged since August, indicating a consistent positive sentiment towards the company’s prospects.
Investors should keep an eye on AYRO Inc’s upcoming reporting date, which is scheduled for November 10. This report will provide further insights into the company’s financial performance and may influence the stock’s future trajectory.
Overall, AYRO Inc’s stock performance on September 15, 2023, suggests positive sentiment among investors, with a median price target of $1.30 representing a substantial increase from the current price. However, it is important to consider the company’s current losses and relatively low sales figures. Investors should conduct thorough research and analysis before making any investment decisions.