Fly-E Group (NASDAQ:FLYE) Issues Quarterly Earnings Results

Fly-E Group (NASDAQ:FLYE) released its quarterly earnings data on Friday. The company reported ($1.07) EPS for the quarter, FiscalAI reports. The business had revenue of $2.59 million for the quarter.

Fly-E Group Price Performance

FLYE stock traded down $0.28 during mid-day trading on Friday, reaching $1.96. 36,288 shares of the company traded hands, compared to its average volume of 1,462,773. The company has a market capitalization of $3.19 million, a P/E ratio of -0.24 and a beta of -0.92. Fly-E Group has a 52-week low of $1.22 and a 52-week high of $21.80. The company has a fifty day moving average price of $1.93 and a 200-day moving average price of $2.12.

Institutional Investors Weigh In On Fly-E Group

A hedge fund recently bought a new stake in Fly-E Group stock. Citadel Advisors LLC acquired a new stake in shares of Fly-E Group, Inc. (NASDAQ:FLYE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,702 shares of the company’s stock, valued at approximately $31,000. Citadel Advisors LLC owned approximately 0.90% of Fly-E Group at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Fly-E Group in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Fly-E Group

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.