Fabric.AI, Inc. Common Stock (NASDAQ:FABC) Rating Lowered to Strong Sell at Wall Street Zen

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Fabric.AI, Inc. Common Stock in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Fabric.AI, Inc. Common Stock Stock Performance

Fabric.AI, Inc. Common Stock stock opened at $2.51 on Friday. The stock has a market cap of $17.57 million, a PE ratio of -0.34 and a beta of 2.92. The stock has a 50-day moving average of $2.77 and a two-hundred day moving average of $3.07. Fabric.AI, Inc. Common Stock has a one year low of $1.64 and a one year high of $10.56.

Fabric.AI, Inc. Common Stock (NASDAQ:FABC) last issued its quarterly earnings results on Friday, August 14th. The company reported ($3.52) earnings per share for the quarter.

Institutional Inflows and Outflows

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

About Fabric.AI, Inc. Common Stock

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.