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

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 130.45K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.95
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 57
• Sector: General
• Sector Strength: N/A
• Industry: Auto - Manufacturers
• EPS (TTM): -0.05
• Shares Outstanding: 24,587,500
• 10 Day Avg. Volume: 113,013
• 30 Day Avg. Volume: 130,446
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.57
• Price to Cash Flow (P/CF): -0.60
• P/FCF Ratio: 127.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Fly-E Group, Inc. faces substantial financial challenges, including declining revenue, high leverage, and negative cash flow, which significantly impact its stock score. Technical analysis shows bearish trends, corroborating the financial struggles. The lack of valuation metrics further clouds the stock's attractiveness.

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

Company Description

Fly-E Group, Inc. (FLYE) is a leading innovator in the aerospace sector, specializing in the design and manufacturing of advanced electric aircraft. The company focuses on sustainable aviation solutions, providing both commercial and private sectors with eco-friendly, state-of-the-art flying technology. FLYE aims to revolutionize air travel by reducing carbon emissions and promoting energy-efficient transportation.

How the Company Makes Money

Fly-E Group, Inc. generates revenue through the sale of its electric aircraft to airlines and private owners. The company also offers maintenance and support services, ensuring continuous performance and safety of its aircraft. Additionally, FLYE engages in strategic partnerships with aviation companies and governments to promote and implement sustainable flight solutions. The firm earns further income by licensing its technology to other aerospace manufacturers, expanding its influence and adoption across the industry.

Fly-E Group, Inc. Financial Statement Overview

Summary

Fly-E Group, Inc. encounters financial headwinds with declining revenue and profitability, high leverage, and negative cash flows. While there are signs of equity improvement, the company must address its operational inefficiencies and cash flow challenges to enhance financial health.

Income Statement

Fly-E Group, Inc. showed a declining revenue trend with a decrease from 2023 to TTM 2024. The Gross Profit Margin improved in TTM, yet the company reported a negative EBIT margin, indicating challenges in managing operational costs. The company's Net Profit Margin also turned negative in TTM, highlighting profitability concerns.

Balance Sheet

The balance sheet shows high leverage with a Debt-to-Equity Ratio of 1.71 in TTM, indicating significant financial risk. However, the Equity Ratio improved to 35.2%, suggesting better asset financing through equity. The Return on Equity was negative, reflecting net losses and shareholder value concerns.

Cash Flow

Operating Cash Flow and Free Cash Flow were negative in TTM, indicating liquidity challenges. The Free Cash Flow to Net Income Ratio shows a concerning cash outflow relative to income. Despite increased financing activity, the company faces cash flow sustainability issues.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022
Income Statement		Total Revenue
28.55M	32.21M	21.77M	17.19M
	Gross Profit
12.21M	13.11M	6.24M	2.24M
	EBIT
-1.00M	3.26M	2.31M	627.73K
	EBITDA
1.36M	5.78M	4.35M	1.58M
	Net Income Common Stockholders
-1.32M	1.90M	1.38M	408.02K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.37M	1.40M	358.89K	395.03K
	Total Assets
37.24M	28.98M	17.72M	14.93M
	Total Debt
22.40M	18.47M	12.10M	8.43M
	Net Debt
21.04M	17.06M	11.74M	8.04M
	Total Liabilities
24.11M	22.19M	14.99M	13.58M
	Stockholders Equity
13.13M	6.78M	2.72M	1.34M
Cash Flow		Free Cash Flow
-9.26M	1.29M	1.31M	-311.86K
	Operating Cash Flow
-6.85M	4.31M	1.76M	11.69K
	Investing Cash Flow
-5.07M	-3.20M	-442.92K	-323.54K
	Financing Cash Flow
12.15M	-49.63K	-1.35M	534.54K

Fly-E Group, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.37
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.37 is below the 20-day moving average (MA) of 0.46, below the 50-day MA of 0.47, and below the 200-day MA of 1.21, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.42 is Neutral, neither overbought nor oversold. The STOCH value of 8.74 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UAL	72 Outperform	$18.88B	6.12	28.63%	―	6.23%	20.08%
DAL	70 Outperform	$24.06B	6.98	26.19%	1.48%	6.19%	-25.26%
ALK	68 Neutral	$5.46B	14.56	9.31%	―	12.56%	69.33%
LUV	67 Neutral	$15.33B	34.30	4.50%	2.78%	5.34%	-6.20%
AAL	56 Neutral	$6.22B	8.54	-21.27%	―	2.70%	2.20%
Sector *	54 Neutral	$3.64B	-16.80	-14.99%	6.38%	25.64%	-79.38%
FLYE	43 Neutral		―	27.95%	―	―	―

Fly-E Group, Inc. Corporate Events

Fly-E Group Announces Leadership Changes and New Appointment

Fly-E Group, Inc. announced the resignation of Ruifeng Guo as CFO and director, effective November 6, 2024, with no disputes involved. Shiwen Feng, an accomplished financial professional, steps into the role, bringing expertise from her tenure at PJMG LLC and DGLG Accounting & Tax LLC. She holds degrees from Hofstra University and Henan University. Feng’s appointment includes a probationary salary arrangement and non-compete clauses, ensuring her committed contribution to Fly-E’s financial strategies.