Fabric.AI, Inc. Common Stock (NASDAQ:FABC) Stock Bumped Up to “Sell” by Wall Street Zen

Wall Street Zen upgraded shares of Fabric.AI, Inc. Common Stock (NASDAQ:FABC) from a strong sell rating to a sell rating in a research note released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fabric.AI, Inc. Common Stock in a research report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Fabric.AI, Inc. Common Stock Stock Up 3.9%

NASDAQ:FABC opened at $1.59 on Friday. Fabric.AI, Inc. Common Stock has a 12-month low of $1.43 and a 12-month high of $6.28. The firm has a market capitalization of $11.13 million, a price-to-earnings ratio of -0.21 and a beta of 3.08. The stock’s 50 day moving average price is $2.23 and its two-hundred day moving average price is $2.82.

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

Institutional Investors Weigh In On Fabric.AI, Inc. Common Stock

An institutional investor recently raised its stake in Fabric.AI, Inc. Common Stock stock. T3 Companies LLC increased its position in shares of Fabric.AI, Inc. Common Stock (NASDAQ:FABC) by 40.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,925 shares of the company’s stock after purchasing an additional 17,125 shares during the period. T3 Companies LLC owned approximately 0.86% of Fabric.AI, Inc. Common Stock worth $137,000 as of its most recent filing with the Securities and Exchange Commission. 5.65% of the stock is currently owned by institutional investors and hedge funds.

About Fabric.AI, Inc. Common Stock

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.