Core Viewpoint - Fly-E Group, Inc. (NASDAQ:FLYE) shares experienced a significant price increase despite alarming financial results and concerns regarding stock manipulation [1][4]. Financial Performance - The company's Q2 fiscal 2026 results showed a 42.7% year-over-year revenue decline, with net revenues dropping to $3.9 million from $6.8 million [2]. - There was a concerning 61% decrease in the average unit price of its electric vehicles (EVs), indicating a potential strategy to liquidate old inventory [3]. Compliance and Safety Issues - Fly-E has a history of late filings and faces delisting risks, raising compliance concerns for investors [5]. - The company is linked to safety issues, including fatal battery fires and ongoing lawsuits, which could impact investor confidence [5][6]. Market Behavior and Manipulation Allegations - The recent stock price surge is viewed skeptically, with allegations of manipulation by overseas actors to mislead retail investors [4]. - Despite a 30% daily gain, the stock's performance is overshadowed by deteriorating financials and warnings of a potential severe collapse [6]. Stock Volatility - Fly-E shares have shown extreme volatility, including an 87% drop in a single day last August, followed by unusual high-volume rallies, which are often indicative of market manipulation [6].
Is Fly‑E One Of Nasdaq's Most Dangerous Stocks? Warning Signs Are Piling Up