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

Fly-E Group, Inc.

(NASDAQ:FLYE)

Select Model

Rating:47Neutral

Price Target:$1.50▼(-13.29% Downside)

Action:reiterated

Date:10/20/26

The score is primarily held down by weak financial performance, including sharp margin compression, large losses, and significant negative operating/free cash flow, despite some balance sheet leverage improvement. Technicals are moderately supportive in the near term (price above 20/50/100DMAs and positive MACD), but the longer-term trend remains weak (below 200DMA). Valuation is also constrained by a negative P/E tied to current losses.

Positive Factors

Improved leverageLower leverage provides a stronger financial base than during the company’s peak stress period and may reduce balance-sheet pressure. If maintained, the improvement can preserve more flexibility for operations and capital allocation, although current losses remain a constraint.

Negative Factors

Revenue contractionSustained revenue contraction reduces the scale available to absorb fixed operating costs and limits the resources that can fund growth initiatives. Unless demand and sales recover, weaker top-line performance can continue to pressure margins, earnings, and the company’s ability to rebuild cash generation.

Fly-E Group, Inc. (FLYE) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $2.82M
Dividend Yield: ―
Average Volume (3M): 4.16M
Price to Earnings (P/E): -0.2
Beta (1Y): 0.95
Revenue Growth: -27.96%
EPS Growth: 70.33%
Country: US
Employees: 55
Sector: General
Sector Strength: 55
Industry: Auto - Manufacturers

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

Company Description

Fly-E Group, Inc. is a company that focuses on the design, installation, and sale of advanced electric personal transportation. Operating primarily under its "Fly E-Bike" brand, the company markets smart electric motorcycles, electric bikes, and elec...

Fly-E Group, Inc. Financial Statement Overview

Summary

Financial performance is weak: revenue is down (TTM -13.5%), margins have compressed sharply (gross margin ~16% vs ~41% previously), profitability has swung to deep losses (TTM net margin ~-68%), and cash flow has turned materially negative (TTM operating cash flow about -$8.8M; free cash flow about -$8.7M). Balance sheet leverage has improved (debt-to-equity ~0.75), but very poor returns (TTM ROE ~-67%) and ongoing losses/cash burn remain the dominant risk.

Income Statement

18Very Negative

Balance Sheet

44Neutral

Cash Flow

16Very Negative

Financial statement breakdown
Breakdown	TTM	Jun 2026	Jun 2025	Jun 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	19.06M	19.06M	25.43M	32.21M	21.77M	17.19M
Gross Profit	4.66M	4.66M	10.45M	13.11M	8.29M	3.24M
EBITDA	-1.51M	-4.36M	1.23M	5.78M	4.35M	1.58M
Net Income	-9.26M	-9.26M	-5.29M	1.90M	1.38M	408.02K
Balance Sheet
Total Assets	29.49M	29.49M	33.71M	28.98M	17.26M	14.66M
Cash, Cash Equivalents and Short-Term Investments	265.24K	265.24K	840.10K	1.40M	358.89K	395.03K
Total Debt	10.79M	10.79M	19.08M	18.47M	12.10M	8.43M
Total Liabilities	12.05M	12.05M	23.87M	22.19M	14.76M	13.54M
Stockholders Equity	17.44M	17.44M	9.83M	6.78M	2.50M	1.12M
Cash Flow
Free Cash Flow	-13.94M	-13.92M	-13.09M	1.29M	1.31M	-311.86K
Operating Cash Flow	-13.86M	-13.85M	-10.06M	4.31M	1.76M	11.69K
Investing Cash Flow	-2.49M	-2.49M	-2.90M	-3.20M	-442.92K	-323.54K
Financing Cash Flow	31.83M	15.69M	12.49M	-49.63K	-1.35M	534.54K

Fly-E Group, Inc. Technical Analysis

Technical Analysis SentimentNegative

Last Price1.73

Price Trends

50DMA1.87Negative

100DMA1.90Negative

200DMA2.29Negative

Market Momentum

MACD-0.01Positive

RSI44.11Neutral

STOCH8.08Positive

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 1.73 is below the 20-day moving average (MA) of 2.16, below the 50-day MA of 1.87, and below the 200-day MA of 2.29, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 44.11 is Neutral, neither overbought nor oversold. The STOCH value of 8.08 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

FLYE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FLYE	47Neutral	$2.82M	-0.22	-66.56%	―	-27.96%	70.33%
SSM	43Neutral	$2.61M	-0.14	9999.00%	―	―	―
LOBO	41Neutral	$6.12M	-1.14	-52.55%	―	21.59%	13.00%

* General Sector Average

Performance Comparison

FLYE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FLYE	Fly-E Group, Inc.	1.73	-8.27	-82.70%
SSM	Sono Group Nv	0.96	-6.34	-86.81%
LOBO	Lobo EV Technologies Ltd.	0.42	-0.42	-49.64%

Fly-E Group, Inc. Corporate Events

Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance

Fly-E Group Announces CEO Transition and Governance Refresh

Neutral

Sep 11, 2026

On September 11, 2026, Fly-E Group, Inc. announced that Chief Executive Officer and Director Lisa Fan resigned effective immediately, with the company stating her departure did not arise from any disagreement with management or the board. The same da...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 20, 2026

Fly-E Group, Inc. AI Stock Analysis