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The latest update is out from Fly-E Group, Inc. ( (FLYE) ).
On July 2, 2025, Fly-E Group, Inc. announced a 1-for-5 reverse stock split of its common stock, effective July 7, 2025, to increase the market price per share and maintain its Nasdaq listing. This move is intended to attract institutional and other investors, with the company’s outstanding shares reduced from 53,183,053 to approximately 10,636,611, and adjustments made to outstanding warrants and equity incentive plans.
Spark’s Take on FLYE Stock
According to Spark, TipRanks’ AI Analyst, FLYE is a Neutral.
Fly-E Group, Inc.’s stock score is primarily hampered by weak financial performance, reflected in declining revenues, profitability issues, and negative cash flows. The technical analysis further indicates a lack of positive market momentum, while poor valuation metrics highlight the company’s challenges in generating earnings. These factors cumulatively suggest a cautious outlook for the stock.
To see Spark’s full report on FLYE stock, click here.
More about Fly-E Group, Inc.
Fly-E Group, Inc. is an electric vehicle company focused on designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters under the brand ‘Fly E-Bike.’ The company aims to promote eco-friendly transportation as part of an active lifestyle to contribute to a more environmentally friendly future.
Average Trading Volume: 432,766
Technical Sentiment Signal: Strong Buy
Current Market Cap: $52.19M
For an in-depth examination of FLYE stock, go to TipRanks’ Overview page.