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

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) announced its quarterly earnings results on Friday. The company reported ($2.42) earnings per share (EPS) for the quarter, FiscalAI reports.

Fabric.AI, Inc. Common Stock Stock Down 9.0%

Shares of Fabric.AI, Inc. Common Stock stock traded down $0.38 during trading hours on Friday, hitting $3.82. The company’s stock had a trading volume of 814,062 shares, compared to its average volume of 5,842,111. Fabric.AI, Inc. Common Stock has a 1-year low of $1.64 and a 1-year high of $10.56. The business has a fifty day moving average of $2.75 and a 200 day moving average of $2.95. The company has a market capitalization of $5.58 million, a PE ratio of -0.10 and a beta of 2.53.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Fabric.AI, Inc. Common Stock in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Fabric.AI, Inc. Common Stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Fabric.AI, Inc. Common Stock

A number of large investors have recently added to or reduced their stakes in FABC. Jane Street Group LLC bought a new position in Fabric.AI, Inc. Common Stock during the 4th quarter valued at $25,000. Geode Capital Management LLC bought a new position in Fabric.AI, Inc. Common Stock during the 4th quarter valued at $25,000. Certuity LLC bought a new position in Fabric.AI, Inc. Common Stock during the 3rd quarter valued at $100,000. Virtu Financial LLC bought a new position in Fabric.AI, Inc. Common Stock during the 4th quarter valued at $48,000. Finally, HRT Financial LP bought a new position in Fabric.AI, Inc. Common Stock during the 4th quarter valued at $32,000. 5.65% of the stock is owned by institutional investors and hedge funds.

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.