StableX Technologies (NASDAQ:SBLX) Stock Price Down 2.6% – Here’s Why

StableX Technologies Inc (NASDAQ:SBLX) shares were down 2.6% during mid-day trading on Tuesday . The stock traded as low as $3.36 and last traded at $3.36. Approximately 9,875 shares were traded during trading, a decline of 98% from the average daily volume of 553,986 shares. The stock had previously closed at $3.45.

Analyst Ratings Changes

Several brokerages recently commented on SBLX. Weiss Ratings reissued a “sell (e+)” rating on shares of StableX Technologies in a research report on Wednesday, October 8th. Wall Street Zen cut StableX Technologies to a “strong sell” rating in a research note on Friday, September 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

StableX Technologies Stock Down 2.6%

The stock has a market cap of $2.99 million, a price-to-earnings ratio of -0.09 and a beta of 3.49. The stock’s 50 day moving average price is $5.00.

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.