BingEx (NASDAQ:FLX) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of BingEx (NASDAQ:FLX – Free Report) to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of BingEx in a report on Monday, December 1st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.70.

Read Our Latest Analysis on FLX

BingEx Price Performance

FLX opened at $3.54 on Friday. BingEx has a 1 year low of $2.01 and a 1 year high of $11.73. The stock has a 50-day moving average price of $3.38 and a 200-day moving average price of $3.20. The firm has a market cap of $198.03 million, a PE ratio of -354.00 and a beta of 0.91.

BingEx (NASDAQ:FLX – Get Free Report) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $141.23 million during the quarter. BingEx had a negative net margin of 5.04% and a negative return on equity of 1.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of BingEx during the 2nd quarter valued at about $34,000. Jane Street Group LLC bought a new stake in BingEx during the second quarter valued at approximately $40,000. Schonfeld Strategic Advisors LLC purchased a new stake in BingEx during the third quarter valued at approximately $32,000. Citadel Advisors LLC raised its position in BingEx by 82.6% in the third quarter. Citadel Advisors LLC now owns 111,004 shares of the company’s stock worth $355,000 after acquiring an additional 50,198 shares during the period. Finally, Susquehanna International Group LLP raised its position in BingEx by 400.0% in the third quarter. Susquehanna International Group LLP now owns 6,495,883 shares of the company’s stock worth $20,852,000 after acquiring an additional 5,196,683 shares during the period.

About BingEx

(Get Free Report)

BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People’s Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website.

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