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

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) released its quarterly earnings data on Friday. The company reported ($0.75) earnings per share for the quarter, FiscalAI reports.

Fabric.AI, Inc. Common Stock Stock Down 3.0%

Shares of Fabric.AI, Inc. Common Stock stock traded down $0.05 on Friday, reaching $1.61. The company’s stock had a trading volume of 22,810 shares, compared to its average volume of 784,354. The company has a market capitalization of $11.28 million, a price-to-earnings ratio of -0.22 and a beta of 3.08. The firm’s fifty day simple moving average is $2.16 and its two-hundred day simple moving average is $2.80. Fabric.AI, Inc. Common Stock has a 52 week low of $1.43 and a 52 week high of $6.28.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Fabric.AI, Inc. Common Stock from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fabric.AI, Inc. Common Stock in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Fabric.AI, Inc. Common Stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Fabric.AI, Inc. Common Stock stock. T3 Companies LLC lifted its holdings in shares of Fabric.AI, Inc. Common Stock (NASDAQ:FABC) by 40.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,925 shares of the company’s stock after buying an additional 17,125 shares during the period. T3 Companies LLC owned approximately 0.86% of Fabric.AI, Inc. Common Stock worth $137,000 at the end of the most recent reporting period. 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.