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

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) posted its earnings results on Friday. The company reported ($3.52) earnings per share for the quarter, FiscalAI reports.

Fabric.AI, Inc. Common Stock Price Performance

Shares of Fabric.AI, Inc. Common Stock stock traded up $0.08 during trading on Friday, hitting $2.83. 187,886 shares of the company were exchanged, compared to its average volume of 230,893. The firm has a market capitalization of $13.75 million, a P/E ratio of -0.08 and a beta of 2.91. The firm’s fifty day moving average price is $3.00 and its 200 day moving average price is $3.06. Fabric.AI, Inc. Common Stock has a 1-year low of $1.64 and a 1-year high of $10.56.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fabric.AI, Inc. Common Stock in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Fabric.AI, Inc. Common Stock during the fourth quarter worth about $25,000. Geode Capital Management LLC bought a new stake in Fabric.AI, Inc. Common Stock in the 4th quarter valued at approximately $25,000. HRT Financial LP acquired a new stake in shares of Fabric.AI, Inc. Common Stock in the fourth quarter valued at approximately $32,000. Certuity LLC acquired a new stake in shares of Fabric.AI, Inc. Common Stock in the third quarter valued at approximately $100,000. Finally, Virtu Financial LLC acquired a new stake in Fabric.AI, Inc. Common Stock in the 4th quarter valued at $48,000. 5.65% of the stock is currently owned by institutional investors.

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.