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Fly-E Group, Inc. ( (FLYE) ) has issued an announcement.
On September 18, 2025, Fly-E Group, Inc. entered into a Securities Purchase Agreement with non-U.S. investors to raise $11 million by selling 13,750,000 shares of common stock. The proceeds from this offering will be used for working capital and general corporate purposes, potentially strengthening the company’s financial position and operational capabilities.
The most recent analyst rating on (FLYE) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Fly-E Group, Inc. stock, see the FLYE Stock Forecast page.
Spark’s Take on FLYE Stock
According to Spark, TipRanks’ AI Analyst, FLYE is a Underperform.
Fly-E Group, Inc. faces significant financial and technical challenges, with declining revenues, negative profitability, and bearish market momentum. The negative P/E ratio and lack of dividend yield further weaken its valuation. While the recent Nasdaq compliance is a positive development, it does not offset the broader financial and market concerns.
To see Spark’s full report on FLYE stock, click here.
More about Fly-E Group, Inc.
Average Trading Volume: 2,641,249
Technical Sentiment Signal: Sell
Current Market Cap: $14.26M
For detailed information about FLYE stock, go to TipRanks’ Stock Analysis page.