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Fly-E Group, Inc.
(NASDAQ:FLYE)
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Rating:39Underperform
Price Target:
$2.00
▲(18.34% Upside)
Action:Downgraded
Date:10/09/26
The score is driven primarily by weak financial performance, marked by deteriorating revenue, severe margin compression, large losses, and significant cash burn. Technicals also lean negative with bearish momentum indicators and a weak longer-term trend. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Improved Leverage
Lower leverage gives Fly-E more financial flexibility than during its peak stress period and reduces balance-sheet pressure relative to prior years. If maintained, the stronger equity position can improve resilience and preserve capacity to address operating challenges.
Negative Factors
Revenue and Margin Decline
Falling revenue combined with severe gross-margin compression points to weakened operating economics and reduced earnings quality. Unless pricing and cost performance recover, the deterioration can limit reinvestment, weaken competitiveness, and prolong pressure on profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
Lower leverage gives Fly-E more financial flexibility than during its peak stress period and reduces balance-sheet pressure relative to prior years. If maintained, the stronger equity position can improve resilience and preserve capacity to address operating challenges.
Read all positive factors
Fly-E Group, Inc. (FLYE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.07M
Dividend YieldN/A
Average Volume (3M)2.86M
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue Growth-27.96%
EPS Growth70.33%
CountryUS
Employees55
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-7.94
Shares Outstanding1,632,386
10 Day Avg. Volume108,670
30 Day Avg. Volume2,863,777
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.13
Price to Sales (P/S)0.12
P/FCF Ratio-0.17
Enterprise Value/Market Cap6.52
Enterprise Value/Revenue0.82
Enterprise Value/Gross Profit5.01
Enterprise Value/Ebitda-2.97
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 e...
Fly-E Group, Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
16
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.06M | 25.43M | 32.21M | 21.77M | 17.19M |
| Gross Profit | 4.66M | 10.45M | 13.11M | 8.29M | 3.24M |
| EBITDA | -4.36M | 1.23M | 5.78M | 4.35M | 1.58M |
| Net Income | -9.26M | -5.29M | 1.90M | 1.38M | 408.02K |
Balance Sheet | |||||
| Total Assets | 29.49M | 33.71M | 28.98M | 17.26M | 14.66M |
| Cash, Cash Equivalents and Short-Term Investments | 265.24K | 840.10K | 1.40M | 358.89K | 395.03K |
| Total Debt | 10.79M | 19.08M | 18.47M | 12.10M | 8.43M |
| Total Liabilities | 12.05M | 23.87M | 22.19M | 14.76M | 13.54M |
| Stockholders Equity | 17.44M | 9.83M | 6.78M | 2.50M | 1.12M |
Cash Flow | |||||
| Free Cash Flow | -13.92M | -13.09M | 1.29M | 1.31M | -311.86K |
| Operating Cash Flow | -13.85M | -10.06M | 4.31M | 1.76M | 11.69K |
| Investing Cash Flow | -2.49M | -2.90M | -3.20M | -442.92K | -323.54K |
| Financing Cash Flow | 15.69M | 12.49M | -49.63K | -1.35M | 534.54K |
Fly-E Group, Inc. Technical Analysis
Positive
1.69
Price Trends
1.67
Positive
1.82
Positive
2.66
Negative
Market Momentum
-0.04
Negative
69.77
Neutral
21.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLYE, the sentiment is Positive. The current price of 1.69 is above the 20-day moving average (MA) of 1.53, above the 50-day MA of 1.67, and below the 200-day MA of 2.66, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 69.77 is Neutral, neither overbought nor oversold. The STOCH value of 21.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FLYE.
Fly-E Group, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
FLYE
Fly-E Group, Inc.
2.32
-11.28
-82.94%
SSM
Sono Group
1.30
-7.47
-85.22%
LOBO
Lobo EV Technologies Ltd.
0.50
-0.29
-36.71%
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...
Delistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
Fly-E Group Restores Nasdaq Compliance After Filing 10-K
Positive
Jul 29, 2026
Fly-E Group, Inc., a Nasdaq-listed company, had previously been notified on July 21, 2026, that it was delinquent in meeting Nasdaq’s periodic filing requirements under Listing Rule 5250(c)(1). The company subsequently filed its Form 10-K fo...
Delistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
Fly-E Group Resolves Nasdaq Reporting Compliance Issue
Positive
Jul 23, 2026
On July 21, 2026, Fly-E Group, Inc. received a delinquency notification from Nasdaq after failing to file its Annual Report on Form 10-K for the fiscal year ended March 31, 2026 within the required timeframe. The notice warned that continued non-c...
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.