FLYE Should I Buy
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Fly-E Group Inc (FLYE) is not a good buy for a beginner, long-term investor at this time. The stock exhibits bearish technical indicators, weak financial performance, and lacks positive catalysts or strong trading signals. The investor's capital would be better allocated to assets with stronger fundamentals and clearer growth potential.
The stock shows bearish technical indicators. The MACD is below zero and negatively contracting, the RSI indicates an oversold condition at 17.304, and the moving averages are bearish (SMA_200 > SMA_20 > SMA_5). The price is close to the S1 support level of 2.799, but overall, the trend is downward.
NULL identified. No recent news or significant insider/hedge fund activity to suggest a positive catalyst.
The stock's financial performance is weak, with a significant YoY revenue drop of -42.72% in Q2 2026 and a gross margin decline of -41.31%. Additionally, the stock has no recent positive trading signals or influential figure purchases.
In Q2 2026, revenue dropped -42.72% YoY to 3,908,862. Net income improved by 55.41% YoY but remains negative at -1,776,125. EPS increased significantly by 838.49% YoY but is still negative at -43.64. Gross margin fell -41.31% YoY to 24.98%. Overall, the financials indicate poor growth trends.
No data on analyst ratings or price target changes is available.
