Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report) shares were up 0.9% during mid-day trading on Wednesday . The stock traded as high as $2.27 and last traded at $2.27. Approximately 12,136 shares were traded during mid-day trading, a decline of 96% from the average session volume of 279,001 shares. The stock had previously closed at $2.25.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Fly-E Group in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Report on Fly-E Group
Fly-E Group Price Performance
Fly-E Group (NASDAQ:FLYE – Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported ($1.18) earnings per share (EPS) for the quarter. The business had revenue of $2.65 million during the quarter.
Hedge Funds Weigh In On Fly-E Group
An institutional investor recently bought a new stake in Fly-E Group stock. XTX Topco Ltd acquired a new stake in Fly-E Group, Inc. (NASDAQ:FLYE – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 34,204 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.19% of Fly-E Group as of its most recent SEC filing.
About Fly-E Group
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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