Fly-E Group (NASDAQ:FLYE – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($1.18) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $2.65 million during the quarter.
Fly-E Group Trading Up 3.1%
FLYE stock opened at $2.18 on Thursday. Fly-E Group has a 1-year low of $1.68 and a 1-year high of $161.80. The business’s 50 day moving average is $2.14 and its 200-day moving average is $5.86.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Fly-E Group in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.
Institutional Investors Weigh In On Fly-E Group
An institutional investor recently bought a new position in Fly-E Group stock. XTX Topco Ltd acquired a new stake in Fly-E Group, Inc. (NASDAQ:FLYE – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 34,204 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.19% of Fly-E Group at the end of the most recent quarter.
Fly-E Group Company Profile
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.
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