The stock of Ayro Inc. (NASDAQ:AYRO) last traded at $0.72, up 5.23% from the previous session.
Data from the available sources indicates that Ayro Inc. (NASDAQ:AYRO) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $5.00, we find $5.00. Given the previous closing price of $0.69, this indicates a potential upside of 624.64 percent. AYRO stock price is now 32.50% away from the 50-day moving average and -9.43% away from the 200-day moving average. The market capitalization of the company currently stands at $26.52M.
In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $5.00 as their price target over the next twelve months.
In other news, WALKER WAYNE REMELL, Director sold 4,094 shares of the company’s stock on Nov 01. The stock was sold for $2,423 at an average price of $0.59. Upon completion of the transaction, the Director now directly owns 80,910 shares in the company, valued at $58255.2. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01, Director GIORDANO SEBASTIAN sold 4,094 shares of the business’s stock. A total of $2,423 was realized by selling the stock at an average price of $0.59. This leaves the insider owning 131,745 shares of the company worth $94856.4. Insiders disposed of 61,386 shares of company stock worth roughly $44197.92 over the past 1 year. A total of 1.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AYRO stock. In total, there are 50 active investors with 9.60% ownership of the company’s stock.
With an opening price of $0.6790 on Monday morning, Ayro Inc. (NASDAQ: AYRO) set off the trading day. During the past 12 months, Ayro Inc. has had a low of $0.35 and a high of $1.61. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 20.20, and a quick ratio of 19.70. The fifty day moving average price for AYRO is $0.5484 and a two-hundred day moving average price translates $0.7944 for the stock.
The latest earnings results from Ayro Inc. (NASDAQ: AYRO) was released for Jun, 2022. According to the Auto Manufacturers Company, earnings per share came in at -$0.16, missing analysts’ expectations of -$0.11 by -0.05. This compares to -$0.33 EPS in the same period last year. The company reported revenue of $0.37 million for the quarter, compared to $0.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -33.27 percent. For the current quarter, analysts expect AYRO to generate $960k in revenue.
Ayro Inc.(AYRO) Company Profile
Ayro, Inc. designs and manufactures electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use. The company provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers. It also offers AYRO vehicles to internal combustion engine vehicles for light duty uses, including low-speed logistics, maintenance, and cargo services; and Club Car 411 for low-speed logistics and cargo services for campus. The company was formerly known as AEV Technologies, Inc. Ayro, Inc. was founded in 2017 and is headquartered in Round Rock, Texas.