BingEx's (FLX) Sell (E+) Rating Reaffirmed at Weiss Ratings

Key Points

• BingEx's stock has received a reaffirmed "sell (e+)" rating from Weiss Ratings, highlighting ongoing concerns regarding its performance.
• The average price target for BingEx shares is $4.70, with mixed ratings from analysts, including one Buy and one Sell rating.
• BingEx reported a revenue of $143.02 million and an EPS of $0.08 in its recent quarterly earnings, indicating a challenging financial environment.

BingEx (NASDAQ:FLX - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of BingEx to a "hold" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $4.70.

BingEx Stock Performance

Shares of FLX stock traded down $0.06 on Friday, hitting $3.41. 50,421 shares of the company's stock traded hands, compared to its average volume of 48,604. BingEx has a one year low of $2.01 and a one year high of $14.50. The company's fifty day simple moving average is $3.27 and its 200 day simple moving average is $2.95. The stock has a market capitalization of $190.76 million and a price-to-earnings ratio of -18.94.

BingEx (NASDAQ:FLX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.08 EPS for the quarter. The firm had revenue of $143.02 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BingEx stock. Jane Street Group LLC purchased a new position in BingEx Limited (NASDAQ:FLX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,542 shares of the company's stock, valued at approximately $40,000.

BingEx Company Profile

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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