(FLYE) Fly-E Common Stock - Ratings and Ratios

Fly-E Group, Inc. (NASDAQ:FLYE) specializes in the design, manufacturing, and distribution of a diverse range of electric and traditional vehicles under the Fly E-Bike brand, catering to markets in the United States and Canada. Their product portfolio includes e-motorcycles, e-mopeds, e-tricycles, e-bikes, and e-scooters, alongside traditional bicycles. Additionally, the company offers an extensive selection of accessories such as raincoats, gloves, knee pads, storage solutions, smartphone holders, locks, and branded apparel. Upgrade components like wheels, shock absorbers, brake calipers, and carbon fiber body panels are also available. Fly-E Group operates a network of retail stores and provides comprehensive services including repairs, maintenance, bodywork, and other value-added offerings. Established in 2018, the company is headquartered in Flushing, New York.

From a technical perspective, FLYE is trading below its SMA200 of $1.40, with a last price of $0.53, indicating potential bearish momentum. The stocks SMA20 and SMA50 are at $0.47 and $0.53, respectively, suggesting a flattening trend. The Average True Range (ATR) of $0.07 points to low volatility. Over the next three months, FLYE may experience further price weakness due to its position below the SMA200. However, the flattening moving averages could signal a period of stabilization, potentially leading to a sideways trading range. On the fundamental side, with a market cap of $11.09M and a P/S ratio of 0.39, FLYE is trading at a relatively low valuation. However, the negative Return on Equity (RoE) of -10.05% highlights ongoing profitability challenges. The P/B ratio of 0.86 suggests the stock is undervalued relative to its book value, which could attract value investors despite the current lack of earnings.