Fabric.AI, Inc. Common Stock (NASDAQ:FABC) Trading Down 2% – Time to Sell?

Shares of Fabric.AI, Inc. Common Stock (NASDAQ:FABC) were down 2% during mid-day trading on Tuesday . The stock traded as low as $4.76 and last traded at $4.95. Approximately 702,933 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 1,416,425 shares. The stock had previously closed at $5.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fabric.AI, Inc. Common Stock in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Fabric.AI, Inc. Common Stock Stock Performance

The firm has a market capitalization of $24.06 million, a P/E ratio of -0.14 and a beta of 2.84. The firm has a 50-day moving average of $3.33 and a 200-day moving average of $3.04.

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) last released its quarterly earnings results on Friday, May 15th. The company reported ($2.42) earnings per share for the quarter.

Hedge Funds Weigh In On Fabric.AI, Inc. Common Stock

Hedge funds and other institutional investors have recently modified their holdings of the company. Certuity LLC bought a new position in shares of Fabric.AI, Inc. Common Stock during the 3rd quarter valued at $100,000. Virtu Financial LLC bought a new position in shares of Fabric.AI, Inc. Common Stock during the 4th quarter valued at $48,000. HRT Financial LP bought a new position in shares of Fabric.AI, Inc. Common Stock during the 4th quarter valued at $32,000. Geode Capital Management LLC bought a new position in shares of Fabric.AI, Inc. Common Stock during the 4th quarter valued at $25,000. Finally, Jane Street Group LLC bought a new position in shares of Fabric.AI, Inc. Common Stock during the 4th quarter valued at $25,000. 5.65% of the stock is owned by institutional investors.

Fabric.AI, Inc. Common Stock Company Profile

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.