Fly-E Group, Inc. (FLYE) AI Stock Analysis

• Market Cap: $3.17M
• Dividend Yield: N/A
• Average Volume (3M): 547.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.75
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 57
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): N/A
• Shares Outstanding: 1,632,386
• 10 Day Avg. Volume: 23,327
• 30 Day Avg. Volume: 547,675
• PEG Ratio: 0.11
• Price to Book (P/B): 21.28
• Price to Sales (P/S): 8.23
• P/FCF Ratio: -15.99
• Enterprise Value/Market Cap: 6.44
• Enterprise Value/Revenue: 1.02
• Enterprise Value/Gross Profit: 2.66
• Enterprise Value/Ebitda: 17.71
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: $2.00 ▼(-69.74% Downside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is primarily pressured by weak financial performance (declining revenue, losses, high leverage, and negative cash flow). Technicals also remain decisively bearish with the stock far below major moving averages, while corporate events add meaningful regulatory and governance risk. Valuation provides limited support because the company is unprofitable and no dividend yield is available.

Positive Factors

Stable gross margin

A relatively stable gross profit margin indicates the company retains core operational efficiency despite revenue pressures. Over the next several months this supports product-level economics, helping preserve contribution margins while management focuses on sales recovery or cost discipline.

Reasonable equity ratio

A reasonable equity ratio provides a capital cushion that can absorb near-term losses and support restructurings or working-capital needs. This equity base offers durable optionality to manage liquidity and negotiate financing while executing operational fixes over the coming months.

Orderly leadership transition

The company reports senior executive departures were not due to disagreement, suggesting transitions are orderly. That reduces governance shock and helps preserve institutional knowledge and execution continuity, lowering the chance of immediate strategic disruption during remediation.

Negative Factors

Declining revenue

A sustained TTM revenue decline of roughly 12.7% signals weakening demand or market share loss. Over a multi-month horizon this erodes operating leverage, constrains reinvestment capacity, and makes hitting scale-dependent profitability targets more difficult without product or commercial improvements.

Negative cash flow generation

Consistent negative operating and free cash flows, with FCF deteriorating over 30%, limit the company's ability to fund operations, capex, and working capital internally. This structural cash shortfall raises reliance on external financing and increases execution risk over the next several months.

High leverage and weak ROE

A debt-to-equity ratio above 1.3 combined with negative ROE indicates leveraged losses. This leverage profile increases refinancing and covenant risk, constrains strategic flexibility, and can amplify stress if cash flows remain negative, threatening solvency or forcing dilutive capital solutions.

Fly-E Group, Inc. Business Overview & Revenue Model

Company Description

Fly-E Group, Inc. engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-tricycles, e-bikes, e-bikes, e-bikes, and e-scooters; and traditional bikes. The company also provides accessories and spare parts, including raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, locks, and branded apparel; and upgrade components for wheels, shock absorbers, brake calipers, and carbon fiber body panels. It also operates retail stores. The company was founded in 2018 and is based in Flushing, New York.

How the Company Makes Money

Fly-E Group, Inc. generates revenue through multiple key streams. The primary source of income comes from the sale of its proprietary drones, which are tailored for specific applications across various sectors. Additionally, the company earns revenue from providing aerial photography and videography services, which cater to industries such as real estate and entertainment. Another significant revenue stream is data analytics services, where Fly-E utilizes data collected from its drones to offer insights and actionable intelligence to clients in agriculture and logistics. Strategic partnerships with technology firms and industry stakeholders further enhance its market reach and revenue potential, contributing to its overall financial performance.

Fly-E Group, Inc. Financial Statement Overview

Summary

Financials show broad weakness: declining revenue (-12.74% TTM), negative profitability (net profit and EBIT margins), high leverage (debt-to-equity 1.31) with negative ROE, and negative operating/free cash flow with worsening free cash flow growth (-32.92% TTM).

Income Statement

Fly-E Group, Inc. has experienced a decline in revenue with a negative growth rate of -12.74% in the TTM period. The company is facing profitability challenges, as indicated by negative net profit and EBIT margins. However, the gross profit margin remains relatively stable, suggesting some operational efficiency. Overall, the income statement reflects a company struggling with profitability and growth.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.31 in the TTM period, indicating significant leverage. The return on equity is negative, reflecting the company's inability to generate profits from shareholders' equity. Despite a reasonable equity ratio, the high leverage poses financial stability risks.

Cash Flow

The cash flow statement reveals negative operating and free cash flows, with a concerning free cash flow growth rate of -32.92% in the TTM period. The operating cash flow to net income ratio is negative, highlighting cash flow challenges. The company needs to improve its cash generation to support operations and reduce financial risk.

Breakdown	TTM	Jun 2025	Jun 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	19.97M	25.43M	32.21M	21.77M	17.19M
Gross Profit	7.66M	10.45M	13.11M	6.24M	2.24M
EBITDA	1.15M	1.23M	5.78M	4.35M	1.63M
Net Income	-7.75M	-5.29M	1.90M	1.38M	408.02K
Balance Sheet
Total Assets	41.91M	33.71M	28.98M	17.72M	14.93M
Cash, Cash Equivalents and Short-Term Investments	2.54M	840.10K	1.40M	358.89K	395.03K
Total Debt	21.02M	19.08M	18.47M	12.10M	8.43M
Total Liabilities	18.79M	23.87M	22.19M	14.99M	13.58M
Stockholders Equity	23.11M	9.83M	6.78M	2.72M	1.34M
Cash Flow
Free Cash Flow	-8.55M	-13.09M	1.29M	1.31M	-311.86K
Operating Cash Flow	-8.35M	-10.06M	4.31M	1.76M	11.69K
Investing Cash Flow	-507.84K	-2.90M	-3.20M	-442.92K	-323.54K
Financing Cash Flow	10.16M	12.49M	-49.63K	-1.35M	534.54K

Fly-E Group, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.61
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLYE, the sentiment is Negative. The current price of 6.61 is above the 20-day moving average (MA) of 2.64, above the 50-day MA of 5.08, and below the 200-day MA of 34.16, indicating a bearish trend. The MACD of -0.96 indicates Negative momentum. The RSI at 26.11 is Positive, neither overbought nor oversold. The STOCH value of 14.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FLYE.

Fly-E Group, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
LOBO	51 Neutral	$6.47M	-0.44	-37.95%	―	―	―
SSM	48 Neutral	$10.59M	-2.10	―	―	-100.00%	―
EVTV	47 Neutral	$7.29M	-0.21	-267.76%	―	113.69%	-84.50%
FLYE	40 Underperform	$3.17M	-1.58	-41.72%	―	―	―
ECDA	37 Underperform	$14.68K	0.62	―	―	-43.17%	-36.68%

Fly-E Group, Inc. Corporate Events

Fly-E Group Faces Nasdaq Notice Over Late 10-Q Filing

On January 21, 2026, Fly-E Group was notified that the U.S. Securities and Exchange Commission had opened an investigation involving the company, although the regulator has not provided substantive details and has made no finding of wrongdoing or liability. Fly-E stated it is fully cooperating with the probe, adding a regulatory overhang that could influence investor sentiment until more information emerges.

The company also reported that on February 27, 2026, Nasdaq sent a delinquency notice after Fly-E failed to timely file its Form 10-Q for the quarter ended December 31, 2025, in breach of Listing Rule 5250(c)(1). While the March 5, 2026 announcement emphasized that the notice does not immediately affect the listing or trading of its shares, Fly-E now faces an April 28, 2026 deadline to present a compliance plan and potentially an extension to August 24, 2026, making the completion of its financial reporting crucial to avoid a possible future delisting process.

The most recent analyst rating on (FLYE) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Fly-E Group, Inc. stock, see the FLYE Stock Forecast page.

Fly-E Group Announces Multiple Senior Executive Resignations

On February 2, 2026, Fly-E Group, Inc. announced the resignations of three senior executives: Chairman of the Board Zhou Ou, Chief Operating Officer Rui Feng, and Chief Human Resources Officer Ke Zhang. The company stated that none of the departures resulted from any disagreement with the company, its board of directors, or board committees, indicating an orderly leadership transition rather than a dispute-driven shake-up, though the loss of multiple top managers at once may still raise governance and continuity questions for stakeholders.

The most recent analyst rating on (FLYE) stock is a Sell with a $5.00 price target. To see the full list of analyst forecasts on Fly-E Group, Inc. stock, see the FLYE Stock Forecast page.