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The latest update is out from Fly-E Group, Inc. ( (FLYE) ).
On May 21, 2025, Fly-E Group, Inc. and its subsidiaries, collectively known as the Fly E-Bike Defendants, reached a settlement agreement with UL LLC. The agreement requires Fly E-Bike Defendants to pay $1,000,000 to UL by November 30, 2025, and prohibits them from selling products with UL Marks that have not been tested and certified by UL. This settlement resolves all pending litigation between the parties, releasing them from any past or present claims related to the sale of uncertified products.
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.
Average Trading Volume: 141,723
Technical Sentiment Signal: Strong Sell
Find detailed analytics on FLYE stock on TipRanks’ Stock Analysis page.