Fabric.AI, Inc. Common Stock (NASDAQ:FABC) Stock Rating Upgraded by Wall Street Zen

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Fabric.AI, Inc. Common Stock in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Fabric.AI, Inc. Common Stock Stock Performance

Shares of FABC stock opened at $2.83 on Friday. The company has a market capitalization of $19.81 million, a P/E ratio of -0.38 and a beta of 2.91. The company’s 50 day moving average price is $2.91 and its two-hundred day moving average price is $3.06. Fabric.AI, Inc. Common Stock has a 52 week low of $1.64 and a 52 week high of $10.56.

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) last announced its quarterly earnings results on Friday, August 14th. The company reported ($3.52) earnings per share for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC bought a new stake in Fabric.AI, Inc. Common Stock in the 4th quarter valued at approximately $25,000. Jane Street Group LLC acquired a new position in Fabric.AI, Inc. Common Stock during the fourth quarter worth $25,000. HRT Financial LP bought a new position in Fabric.AI, Inc. Common Stock in the fourth quarter valued at $32,000. Virtu Financial LLC bought a new position in Fabric.AI, Inc. Common Stock in the fourth quarter valued at $48,000. Finally, Certuity LLC bought a new position in Fabric.AI, Inc. Common Stock in the third quarter valued at $100,000. 5.65% of the stock is currently owned by institutional investors.

Fabric.AI, Inc. Common Stock 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.