FingerMotion (NASDAQ:FNGR) Shares Down 1% - What's Next?

Key Points

• FingerMotion's stock (NASDAQ:FNGR) decreased by 1% to $1.42, with a significant drop in trading volume, falling 82% from the average session.
• Analysts at Wall Street Zen downgraded FingerMotion's rating from "hold" to "sell" on July 18th, indicating a bearish sentiment on the stock.
• The company reported a net loss of $0.04 per share for the last quarter, with revenues totaling $8.46 million, showcasing ongoing financial challenges.

FingerMotion, Inc. (NASDAQ:FNGR - Get Free Report)'s stock price fell 1% during trading on Friday . The company traded as low as $1.42 and last traded at $1.42. 92,052 shares traded hands during trading, a decline of 82% from the average session volume of 498,470 shares. The stock had previously closed at $1.44.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of FingerMotion from a "hold" rating to a "sell" rating in a report on Friday, July 18th.

FingerMotion Trading Down 1.0%

The business's fifty day simple moving average is $1.84 and its 200 day simple moving average is $1.92. The stock has a market cap of $84.36 million, a P/E ratio of -14.20 and a beta of -0.86.

FingerMotion (NASDAQ:FNGR - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. FingerMotion had a negative net margin of 15.31% and a negative return on equity of 44.33%. The business had revenue of $8.46 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Anson Funds Management LP acquired a new position in FingerMotion during the 4th quarter valued at about $871,000. Kingsview Wealth Management LLC acquired a new position in FingerMotion during the 1st quarter valued at about $30,000. XTX Topco Ltd acquired a new position in FingerMotion during the 2nd quarter valued at about $42,000. WINTON GROUP Ltd acquired a new position in FingerMotion during the 2nd quarter valued at about $26,000. Finally, Client 1ST Advisory Group LLC acquired a new position in FingerMotion during the 2nd quarter valued at about $29,000. 3.90% of the stock is currently owned by institutional investors and hedge funds.

FingerMotion Company Profile

FingerMotion, Inc, a mobile data specialist company, provides mobile payment and recharge platform system in China. The company offers telecommunication products and services, including data plans, subscription plans, mobile phones, and loyalty points redemption services; bulk short message service and multimedia messaging services; and Rich Communication Services (RCS) platform, a proprietary business messaging platform that enables businesses and brands to communicate and service their customers on the 5G infrastructure.

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