Fly-E Group (NASDAQ:FLYE) Trading Down 6.3% – Here’s Why

Posted by Jessica Moore on Sep 11th, 2026

Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report)’s share price traded down 6.3% on Wednesday . The company traded as low as $1.72 and last traded at $1.79. Approximately 89,518 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 4,279,456 shares. The stock had previously closed at $1.91.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Fly-E Group in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Read Our Latest Research Report on FLYE

Fly-E Group Trading Up 1.7%

The firm has a market cap of $3.00 million, a price-to-earnings ratio of -0.23 and a beta of -0.65. The stock’s fifty day moving average price is $1.83 and its 200-day moving average price is $1.96.

Fly-E Group (NASDAQ:FLYE – Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported ($2.41) earnings per share for the quarter. The business had revenue of $2.75 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FLYE. XTX Topco Ltd purchased a new stake in shares of Fly-E Group in the 2nd quarter valued at approximately $31,000. Citadel Advisors LLC acquired a new stake in shares of Fly-E Group in the 2nd quarter valued at $31,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Fly-E Group during the 1st quarter worth $26,000.

About Fly-E Group

(Get Free Report)

FlyE Group, Inc, incorporated as a Cayman Islands exempted company, is a special purpose acquisition company (SPAC) formed to identify, acquire, and combine with one or more businesses. As a blank‐check entity, its primary operations involve raising capital through an initial public offering and seeking a merger, capital stock exchange, asset acquisition, or similar business combination with a target company.

In September 2021, FlyE Group completed its IPO and began trading on the Nasdaq Stock Market under the ticker symbol FLYE.