Flags for Ayro Inc. [AYRO] is One of the Best Plays in Consumer Cyclical and This Proves It

Ayro Inc. [NASDAQ:AYRO] shares are showing an active tape with a current price of $2.94 on Thursday.

Ayro Inc. is in the Consumer Cyclical sector under the Auto Manufacturers industry. This week, we are watching the stock hit price per sales of 84.74 with an earning per share of 1.86.

For the year, the stock is trading -34.55% and the five-day change stands at 0.35%. As a point of reference, the S&P 500 is trading 0.5% YTD.

Wait and see

Holding a Market Cap of $71.42 million, Ayro Inc. has seen a trading range over the last year of $1.80-$8.75.

For the last five days, AYRO is up from its last closing price. The average shares trading hands each day is 2.44M, with average 10-day volume coming in at 1.8 million.

Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for AYRO. When we apply the Elder Force Index to Ayro Inc., we are seeing an Elder Force Indicator number of 37715.52.

Recent Performance

In the last quarter, AYRO made a profit of 80000.0. In addition, the company has operating cash flow of -$4.16 million.

Technical Analysis

Looking at popular technical indicators, the company’s 5-day moving average is 2.82 compared to the 50-day moving average of 2.9646. So, traders might want to tread carefully if they are going to bid.

The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. AYRO currently holds a 9-day RSI of 56.14%, while 100-day RSI stands at 47.82%.

Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. AYRO’s 9-day MACD is 0.00 and the company’s 100-day MACD stands at -0.70.

Inside Moves

Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.

Regarding institutional holdings, FNY Investment Advisers, LLC owns 0.02%, while the second top holder, UBS Group AG, currently owns 0.01%.

Conclusion

Currently, the company has 0 analysts watching the stock, and the average quarterly earnings estimate is 0.