Fly-E Group (NASDAQ:FLYE – Get Free Report) announced its earnings results on Friday. The company reported ($1.07) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $2.59 million during the quarter.
Fly-E Group Price Performance
FLYE stock traded down $0.28 during trading hours on Friday, reaching $1.96. The stock had a trading volume of 36,288 shares, compared to its average volume of 1,627,798. The stock has a 50-day simple moving average of $1.92 and a 200 day simple moving average of $2.10. Fly-E Group has a fifty-two week low of $1.22 and a fifty-two week high of $21.80. The stock has a market capitalization of $3.20 million, a PE ratio of -0.24 and a beta of -0.92.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fly-E Group in a research report on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.
Read Our Latest Analysis on Fly-E Group
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Fly-E Group stock. Renaissance Technologies LLC bought a new stake in Fly-E Group, Inc. (NASDAQ:FLYE – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,600 shares of the company’s stock, valued at approximately $26,000. Renaissance Technologies LLC owned about 0.77% of Fly-E Group as of its most recent filing with the Securities and Exchange Commission.
Fly-E Group Company Profile
Fly-E Group, Inc. is an electric mobility company that sells electric bicycles, scooters, motorcycles and related products. Its offerings include batteries, chargers, replacement parts and other accessories designed for electric two-wheelers. The company markets its products under the FLY E-BIKE brand and serves customers through physical retail locations and online sales channels. Its operations are primarily focused on the U.S. market, with a presence in New York City and sales to customers in other areas through e-commerce.
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