Shares of BingEx Limited (NASDAQ:FLX - Get Free Report) dropped 0.6% on Friday . The stock traded as low as $3.16 and last traded at $3.17. Approximately 25,288 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 59,652 shares. The stock had previously closed at $3.19.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on BingEx in a report on Tuesday, June 10th. They issued a "buy" rating and a $4.70 target price on the stock. Wall Street Zen raised BingEx to a "hold" rating in a research note on Saturday.
Get Our Latest Stock Analysis on BingEx
BingEx Price Performance
The business's 50 day moving average is $2.98 and its 200-day moving average is $5.03.
BingEx (NASDAQ:FLX - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported $0.07 earnings per share for the quarter. The company had revenue of $132.40 million for the quarter.
Hedge Funds Weigh In On BingEx
A hedge fund recently bought a new stake in BingEx stock. Citadel Advisors LLC acquired a new stake in shares of BingEx Limited (NASDAQ:FLX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,507 shares of the company's stock, valued at approximately $919,000. Citadel Advisors LLC owned 0.16% of BingEx at the end of the most recent quarter.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider BingEx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BingEx wasn't on the list.
While BingEx currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
