FingerMotion (NASDAQ:FNGR) Stock Price Down 2.8% - Here's Why

Key Points

• FingerMotion (FNGR) shares were down 2.8% to $0.9814 on Friday, with 154,313 shares traded—about 26% below the stock's average daily volume.
• Weiss Ratings reiterated a "Sell (e+)" rating and MarketBeat shows the stock's consensus rating as Sell.
• The company has a market cap of $60.14 million, a negative P/E (-9.81), and its price is below the 50‑day ($1.10) and 200‑day ($1.26) moving averages, with only ~3.9% institutional ownership.

FingerMotion, Inc. (NASDAQ:FNGR - Get Free Report)'s stock price traded down 2.8% on Friday . The company traded as low as $0.9704 and last traded at $0.9814. 154,313 shares traded hands during trading, a decline of 26% from the average session volume of 208,870 shares. The stock had previously closed at $1.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of FingerMotion in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of "Sell".

FingerMotion Price Performance

The firm's fifty day moving average price is $1.10 and its 200-day moving average price is $1.26. The company has a market cap of $60.14 million, a price-to-earnings ratio of -9.81 and a beta of -0.46.

Hedge Funds Weigh In On FingerMotion

Hedge funds and other institutional investors have recently made changes to their positions in the business. Platform Technology Partners increased its position in FingerMotion by 54.9% in the 1st quarter. Platform Technology Partners now owns 259,643 shares of the company's stock valued at $258,000 after acquiring an additional 92,028 shares during the period. Goldman Sachs Group Inc. acquired a new position in FingerMotion during the 4th quarter worth $85,000. Envestnet Asset Management Inc. grew its stake in shares of FingerMotion by 143.6% in the third quarter. Envestnet Asset Management Inc. now owns 60,029 shares of the company's stock worth $95,000 after purchasing an additional 35,388 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of FingerMotion by 75.3% during the third quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company's stock valued at $66,000 after purchasing an additional 17,836 shares during the period. Finally, Barclays PLC acquired a new position in shares of FingerMotion during the fourth quarter valued at $37,000. 3.90% of the stock is currently owned by institutional investors and hedge funds.

About FingerMotion

FingerMotion, Inc is a mobile technology solutions provider focused on delivering affordable smartphones and digital services to emerging markets. The company's core operations include the design, manufacture, and distribution of mobile devices under its proprietary Spyce brand, offering entry-level and mid-range handsets optimized for performance, security, and ease of use. FingerMotion integrates embedded software applications and firmware enhancements to improve user experience, device management, and after-sales support.

In addition to hardware, FingerMotion has developed a suite of mobile financial services and digital commerce offerings.

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