Fabric.AI, Inc. Common Stock (NASDAQ:FABC) Posts Quarterly Earnings Results

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) announced its quarterly earnings results on Friday. The company reported ($3.52) earnings per share for the quarter, FiscalAI reports.

Fabric.AI, Inc. Common Stock Trading Up 2.9%

Fabric.AI, Inc. Common Stock stock traded up $0.08 during midday trading on Friday, reaching $2.83. 187,886 shares of the stock traded hands, compared to its average volume of 1,056,812. Fabric.AI, Inc. Common Stock has a fifty-two week low of $1.64 and a fifty-two week high of $10.56. The firm has a market cap of $13.74 million, a price-to-earnings ratio of -0.08 and a beta of 2.91. The firm has a fifty day moving average price of $3.00 and a two-hundred day moving average price of $3.06.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Fabric.AI, Inc. Common Stock in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Fabric.AI, Inc. Common Stock has an average rating of “Sell”.

Hedge Funds Weigh In On Fabric.AI, Inc. Common Stock

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in Fabric.AI, Inc. Common Stock in the 4th quarter worth approximately $48,000. Jane Street Group LLC acquired a new position in Fabric.AI, Inc. Common Stock during the 4th quarter worth $25,000. HRT Financial LP acquired a new position in Fabric.AI, Inc. Common Stock during the 4th quarter worth $32,000. Geode Capital Management LLC bought a new position in shares of Fabric.AI, Inc. Common Stock in the fourth quarter worth $25,000. Finally, Certuity LLC bought a new position in shares of Fabric.AI, Inc. Common Stock in the third quarter worth $100,000. 5.65% of the stock is currently owned by institutional investors and hedge funds.

Fabric.AI, Inc. Common Stock 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. 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.