(RAYS) Global X Solar - Ratings and Ratios
Exchange: NASDAQ • Country: USA • Currency: USD • Type: Etf • ISIN: US37960A7019 • Miscellaneous Sector
RAYS: Solar Panels, Solar Cells, Inverters, Mounting
The Global X Solar ETF (NASDAQ: RAYS) is a non-diversified fund that focuses on companies benefiting from solar technology advancements. It invests at least 80% of its assets in securities from its underlying index, including ADRs and GDRs. The fund targets firms involved in solar manufacturing, installation, and related services, aiming to capture growth in the renewable energy sector.
Based on the technical and fundamental data, here is the 3-month forecast: - Technical Outlook: The funds price is currently near its 20-day and 50-day SMAs ($9.05), with the 200-day SMA at $9.98. The ATR of 0.19 suggests low volatility. Expect price movement to remain constrained, with potential support near $8.80 and resistance at $9.20. - Fundamental Outlook: With an AUM of $5.25M, the fund is relatively small, which may limit liquidity. The average 20-day volume of 2050 shares indicates low trading activity, suggesting price action may remain range-bound in the near term.
Additional Sources for RAYS ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
RAYS ETF Overview
| Market Cap in USD | 4m |
| Category | Miscellaneous Sector |
| TER | 0.50% |
| IPO / Inception | 2021-09-08 |
RAYS ETF Ratings
| Growth Rating | -77.0 |
| Fundamental | - |
| Dividend Rating | 43.5 |
| Rel. Strength | -31.6 |
| Analysts | - |
| Fair Price Momentum | 5.88 USD |
| Fair Price DCF | - |
RAYS Dividends
| Dividend Yield 12m | 0.74% |
| Yield on Cost 5y | 0.27% |
| Annual Growth 5y | 89.88% |
| Payout Consistency | 41.0% |
RAYS Growth Ratios
| Growth Correlation 3m | -60% |
| Growth Correlation 12m | -79.5% |
| Growth Correlation 5y | -92.6% |
| CAGR 5y | -27.13% |
| CAGR/Max DD 5y | -0.36 |
| Sharpe Ratio 12m | -1.02 |
| Alpha | -31.83 |
| Beta | 0.287 |
| Volatility | 45.15% |
| Current Volume | 1k |
| Average Volume 20d | 1.8k |
As of April 19, 2025, the stock is trading at USD 7.71 with a total of 1,000 shares traded.
Over the past week, the price has changed by +1.57%, over one month by -16.29%, over three months by -16.47% and over the past year by -28.26%.
No, based on ValueRay Analyses, Global X Solar (NASDAQ:RAYS) is currently (April 2025) a stock to sell. It has a ValueRay Growth Rating of -77.03 and therefor a clear technical negative rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of RAYS as of April 2025 is 5.88. This means that RAYS is currently overvalued and has a potential downside of -23.74%.
Global X Solar has no consensus analysts rating.
According to ValueRays Forecast Model, RAYS Global X Solar will be worth about 6.4 in April 2026. The stock is currently trading at 7.71. This means that the stock has a potential downside of -17.38%.
| Issuer | Forecast | Upside |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 6.4 | -17.4% |