StableX Technologies (NASDAQ:SBLX) Releases Earnings Results

StableX Technologies (NASDAQ:SBLX) posted its quarterly earnings data on Friday. The company reported ($3.84) EPS for the quarter, Zacks reports.

StableX Technologies Stock Performance

NASDAQ SBLX traded up $0.40 on Friday, hitting $3.60. 147,513 shares of the company were exchanged, compared to its average volume of 81,728. The stock has a market capitalization of $3.20 million, a P/E ratio of -0.10 and a beta of 3.49. StableX Technologies has a 12 month low of $3.06 and a 12 month high of $15.28. The stock’s fifty day moving average is $4.89.

Analyst Upgrades and Downgrades

SBLX has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of StableX Technologies in a report on Wednesday, October 8th. Wall Street Zen lowered StableX Technologies to a “strong sell” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, StableX Technologies has an average rating of “Sell”.

Hedge Funds Weigh In On StableX Technologies

An institutional investor recently bought a new position in StableX Technologies stock. Certuity LLC bought a new stake in StableX Technologies Inc (NASDAQ:SBLX) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 20,000 shares of the company’s stock, valued at approximately $100,000. Certuity LLC owned 2.25% of StableX Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 5.65% of the company’s stock.

About StableX Technologies

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.