Fly-E Group Inc (FLYE): Why Is Stock So Good?

In the last trading session, 3.22 million Fly-E Group Inc (NASDAQ:FLYE) shares changed hands as the company’s beta touched -2.16. With the company’s per share price at $0.92 changed hands at -$0.03 or -3.17% during last session, the market valuation stood at $48.93M. FLYE’s last price was a discount, traded about -693.48% off its 52-week high of $7.30. The share price had its 52-week low at $0.33, which suggests the last value was 64.13% up since then. When we look at Fly-E Group Inc’s average trading volume, we note the 10-day average is 1.67 million shares, with the 3-month average coming to 364.24K.

Fly-E Group Inc (NASDAQ:FLYE) trade information

Instantly FLYE was in red as seen at the end of in last trading. With action -3.16%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -84.00%, with the 5-day performance at -3.16% in the red. However, in the 30-day time frame, Fly-E Group Inc (NASDAQ:FLYE) is 87.79% up. Looking at the short shares, we see there were 0.36 million shares sold at short interest cover period of 1.55 days.

FLYE Dividends

Fly-E Group Inc is expected to release its next quarterly earnings report in July.

Fly-E Group Inc (NASDAQ:FLYE)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 31.64% of Fly-E Group Inc shares while 0.18% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 0.26%.

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