StableX Technologies (NASDAQ:SBLX) Issues Quarterly Earnings Results

StableX Technologies (NASDAQ:SBLX) announced its quarterly earnings results on Friday. The company reported ($3.84) earnings per share (EPS) for the quarter, Zacks reports.

StableX Technologies Stock Performance

Shares of StableX Technologies stock traded up $0.40 during trading on Friday, hitting $3.60. The stock had a trading volume of 147,513 shares, compared to its average volume of 81,728. StableX Technologies has a fifty-two week low of $3.06 and a fifty-two week high of $15.28. The firm’s fifty day simple moving average is $4.89. The stock has a market capitalization of $3.20 million, a price-to-earnings ratio of -0.10 and a beta of 3.49.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SBLX. Wall Street Zen cut shares of StableX Technologies to a “strong sell” rating in a research note on Friday, September 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of StableX Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On StableX Technologies

An institutional investor recently bought a new position in StableX Technologies stock. Certuity LLC bought a new stake in StableX Technologies Inc (NASDAQ:SBLX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the company’s stock, valued at approximately $100,000. Certuity LLC owned 2.25% of StableX Technologies as of its most recent SEC filing. 5.65% of the stock is currently owned by institutional investors and hedge funds.

StableX Technologies 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.