BingEx (NASDAQ:FLX - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $143.02 million during the quarter.
BingEx Trading Up 3.7%
FLX traded up $0.12 on Friday, reaching $3.38. The stock had a trading volume of 88,721 shares, compared to its average volume of 50,579. BingEx has a 12-month low of $2.01 and a 12-month high of $21.95. The business's 50-day moving average price is $3.15 and its two-hundred day moving average price is $4.31. The company has a market cap of $189.08 million and a P/E ratio of -18.78.
Wall Street Analyst Weigh In
FLX has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of BingEx in a report on Tuesday, June 10th. They set a "buy" rating and a $4.70 target price for the company. Wall Street Zen raised shares of BingEx to a "hold" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $4.70.
Get Our Latest Stock Report on FLX
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in BingEx stock. XTX Topco Ltd acquired a new stake in BingEx Limited (NASDAQ:FLX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,831 shares of the company's stock, valued at approximately $34,000.
About BingEx
(
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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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