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

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) issued its earnings results on Friday. The company reported ($0.75) EPS for the quarter, FiscalAI reports.

Fabric.AI, Inc. Common Stock Price Performance

FABC traded down $0.05 on Friday, reaching $1.61. 22,810 shares of the company traded hands, compared to its average volume of 101,795. The company has a market cap of $11.27 million, a price-to-earnings ratio of -0.22 and a beta of 3.08. The stock’s 50 day moving average price is $2.14 and its 200-day moving average price is $2.79. Fabric.AI, Inc. Common Stock has a 52-week low of $1.43 and a 52-week high of $6.28.

Institutional Trading of Fabric.AI, Inc. Common Stock

An institutional investor recently raised its stake in Fabric.AI, Inc. Common Stock stock. T3 Companies LLC raised its position in Fabric.AI, Inc. Common Stock (NASDAQ:FABC) by 40.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,925 shares of the company’s stock after purchasing an additional 17,125 shares during the quarter. T3 Companies LLC owned approximately 0.86% of Fabric.AI, Inc. Common Stock worth $137,000 at the end of the most recent quarter. 5.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.