FingerMotion (NASDAQ:FNGR) Shares Down 8.6% – Here’s What Happened
by Teresa Graham · The Cerbat GemFingerMotion, Inc. (NASDAQ:FNGR – Get Free Report)’s stock price traded down 8.6% during mid-day trading on Thursday . The company traded as low as $0.8114 and last traded at $0.8210. 303,572 shares changed hands during trading, an increase of 47% from the average session volume of 205,836 shares. The stock had previously closed at $0.8987.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of FingerMotion in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Get Our Latest Research Report on FNGR
FingerMotion Trading Up 3.7%
The business has a 50-day moving average price of $1.14 and a 200 day moving average price of $1.33. The stock has a market capitalization of $52.16 million, a P/E ratio of -8.51 and a beta of -0.58.
FingerMotion (NASDAQ:FNGR – Get Free Report) last released its quarterly earnings results on Wednesday, January 14th. The company reported ($0.03) earnings per share for the quarter. FingerMotion had a negative net margin of 16.08% and a negative return on equity of 34.78%. The company had revenue of $5.80 million for the quarter.
Institutional Trading of FingerMotion
A number of hedge funds and other institutional investors have recently bought and sold shares of FNGR. XTX Topco Ltd bought a new position in shares of FingerMotion during the 4th quarter worth $34,000. Barclays PLC acquired a new stake in FingerMotion in the fourth quarter worth about $37,000. Goldman Sachs Group Inc. acquired a new stake in FingerMotion in the fourth quarter worth about $85,000. Qube Research & Technologies Ltd raised its stake in shares of FingerMotion by 75.3% in the third quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock worth $66,000 after purchasing an additional 17,836 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of FingerMotion by 143.6% in the third quarter. Envestnet Asset Management Inc. now owns 60,029 shares of the company’s stock worth $95,000 after purchasing an additional 35,388 shares during the last quarter. Hedge funds and other institutional investors own 3.90% of the company’s stock.
About FingerMotion
FingerMotion, Inc is a mobile technology solutions provider focused on delivering affordable smartphones and digital services to emerging markets. The company’s core operations include the design, manufacture, and distribution of mobile devices under its proprietary Spyce brand, offering entry-level and mid-range handsets optimized for performance, security, and ease of use. FingerMotion integrates embedded software applications and firmware enhancements to improve user experience, device management, and after-sales support.
In addition to hardware, FingerMotion has developed a suite of mobile financial services and digital commerce offerings.