Erayak Power Solution Group Inc. (RAYA) Plunges 10.39% Amid Reverse Split Announcement

On August 5, 2025, Erayak Power Solution Group Inc. (RAYA) experienced a significant drop of 10.39% in pre-market trading, reflecting heightened volatility and market uncertainty surrounding the stock.

Erayak Power Solution Group Inc. has been facing high volatility in its stock price, with a notable decline of 8.33% on the previous trading day. The stock has been on a downward trend, falling by 51.91% over the past 10 days. This trend is indicative of a broader market sentiment that has been bearish on the company's prospects.

The company has announced plans for a reverse stock split, which is a strategic move often used to boost the stock price by reducing the number of outstanding shares. This announcement has added to the market's speculation about the company's future direction and has contributed to the recent volatility.

Analysts have issued several negative signals for Erayak Power Solution Group Inc., including sell signals from both short and long-term moving averages. The stock is currently oversold on the Relative Strength Index (RSI), which could indicate a potential rebound, but the overall technical picture remains bearish.

Given the current market conditions and the company's recent announcements, Erayak Power Solution Group Inc. is expected to continue facing challenges in the near term. Investors are advised to exercise caution and consider the high risk associated with trading this stock.