Fabric.AI, Inc. Common Stock (NASDAQ:FABC) Cut to “Strong Sell” at Wall Street Zen

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

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

Fabric.AI, Inc. Common Stock Price Performance

Shares of Fabric.AI, Inc. Common Stock stock opened at $2.51 on Friday. Fabric.AI, Inc. Common Stock has a twelve month low of $1.64 and a twelve month high of $10.56. The company’s 50 day moving average is $2.74 and its 200 day moving average is $3.07. The company has a market cap of $17.57 million, a price-to-earnings ratio of -0.34 and a beta of 2.92.

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

Institutional Trading of Fabric.AI, Inc. Common Stock

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FABC. Jane Street Group LLC purchased a new position in shares of Fabric.AI, Inc. Common Stock during the fourth quarter valued at approximately $25,000. Geode Capital Management LLC purchased a new stake in shares of Fabric.AI, Inc. Common Stock in the fourth quarter worth approximately $25,000. HRT Financial LP purchased a new stake in shares of Fabric.AI, Inc. Common Stock in the fourth quarter worth approximately $32,000. Virtu Financial LLC bought a new stake in shares of Fabric.AI, Inc. Common Stock during the 4th quarter worth approximately $48,000. Finally, Certuity LLC bought a new stake in shares of Fabric.AI, Inc. Common Stock during the third quarter worth $100,000. 5.65% of the stock is owned by hedge funds and other institutional investors.

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.