RAYA Intrinsic Value Calculation – Erayak Power Solution Achieves Nasdaq Minimum Bid Price Notification
November 21, 2023
☀️Trending News
Erayak Power Solution ($NASDAQ:RAYA) recently achieved an important milestone in its business history; the company has been notified by Nasdaq that its minimum bid price has been met. This is a major accomplishment for the company, as it will allow for increased liquidity in its shares and provide further credibility and legitimacy to their operations. Erayak Power Solution is a renewable energy company specializing in the development, installation, and maintenance of solar photovoltaic (PV) energy systems. Located in the United States, the company services customers across the country with custom solutions tailored to their individual needs. Their product portfolio includes a wide range of solar products including rooftop, ground mount, and carport systems as well as solutions for commercial and industrial applications.
Through their dedication to providing the latest technology at competitive prices, Erayak Power Solution is committed to helping customers make the switch to renewable energy sources. It also provides an opportunity for the company to attract larger investors who may not have been willing to invest previously due to lack of liquidity. The notification is a clear indicator that Erayak Power Solution is a viable and successful enterprise, and that they have the potential to be an industry leader in the renewable energy space.
Share Price
On Monday, ERAYAK POWER SOLUTION achieved the Nasdaq minimum bid price notification. The stock opened at $0.8 and closed at $0.9, up by 1.1% from the previous closing price of 0.9. This achievement marks a milestone for the company, as they now meet the minimum standards required to remain listed on the Nasdaq stock exchange. It is a testament to the company’s financial strength and ability to respond to market conditions.
It is also a sign of the company’s dedication to providing reliable energy solutions for its clients. This latest achievement is sure to be beneficial for investors in the long run, as it will help the company stay afloat and continue to provide innovative energy solutions to their customers. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RAYA. More…
| Total Revenues | Net Income | Net Margin |
| 26.91 | 3.48 | 12.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RAYA. More…
| Operations | Investing | Financing |
| -4.15 | -4.9 | 11.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RAYA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 37.61 | 18.26 | 1.61 |
Key Ratios Snapshot
Some of the financial key ratios for RAYA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 44.3% | 71.7% | 16.4% |
| FCF Margin | ROE | ROA |
| -18.0% | 19.7% | 7.3% |
Analysis – RAYA Intrinsic Value Calculation
As GoodWhale, we conducted an analysis of ERAYAK POWER SOLUTION’s wellbeing. Using our proprietary Valuation Line, we calculated the fair value of ERAYAK POWER SOLUTION share to be around $1.8. We discovered that the stock is currently trading at $0.9, significantly lower than its fair value – resulting in a 50.8% undervaluation. More…
Peers
Their competitors include Das Technology Co Ltd, HPL Electric & Power Ltd, and Shandong Kehui Power Automation Co Ltd, all of whom provide their own unique solutions to customers in need of power solutions.
– Das Technology Co Ltd ($TPEX:6648)
Das Technology Co Ltd is a technology company based in China that specializes in the development of semiconductors and optical components for the consumer electronics industry. As of 2023, the company has a market cap of 1.07B with a Return on Equity of -6.2%. The company’s market cap indicates the market value of its outstanding shares. Although the market cap for the company is relatively high, its Return on Equity of -6.2% indicates that shareholders have experienced a negative return on their investments in the company.
– HPL Electric & Power Ltd ($BSE:540136)
HPL Electric & Power Ltd is an Indian electrical and power engineering company that manufactures and markets a range of electrical products. The company’s market cap as of 2023 is 13.79B, which indicates its strong presence in the industry and provides an indication of the size of its operations. Furthermore, its Return on Equity (ROE) of 9.84% is a strong measure of profitability, indicating that the company is able to generate satisfactory returns on its equity. The company’s strong market position and robust ROE makes it an attractive investment option for investors.
– Shandong Kehui Power Automation Co Ltd ($SHSE:688681)
Shandong Kehui Power Automation Co Ltd is a Chinese company focused on the production and development of power automation technology. The company has a market capitalization of 1.64 billion USD as of the year 2023, which indicates that it is a large and well-established business. The company has a Return on Equity of -0.44%, which may reflect some difficulty in generating profits. However, the company’s focus on developing cutting edge power automation technology and its size may make it an attractive investment option for those who specialize in this sector.
Summary
Erayak Power Solution (ERAYAK) recently announced that it has received a notice from Nasdaq that it has satisfied the minimum bid price requirement for continued listing on the Nasdaq Capital Market. This means that the company’s stock will remain listed on the Nasdaq, and investors will continue to have access to it for trading and investment. For investors, this is a sign of the company’s financial stability and market performance, and may lead to more investor interest in the stock. Going forward, investors should continue to monitor ERAYAK’s financial performance and other activity in order to evaluate its attractiveness as an investment.
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