FingerMotion (NASDAQ:FNGR) Stock Price Up 1.2% - Time to Buy?

Key Points

• FingerMotion, Inc. (NASDAQ:FNGR) shares increased by 1.2% to $1.63, with 184,726 shares traded, marking a decline in volume from the average.
• Wall Street Zen downgraded FingerMotion from a "hold" rating to a "sell" rating on July 18th.
• The company reported a net loss of $0.04 EPS for the latest quarter, with a revenue of $8.46 million and a negative net margin of 15.31%.

FingerMotion, Inc. (NASDAQ:FNGR - Get Free Report) shares rose 1.2% during mid-day trading on Monday . The company traded as high as $1.67 and last traded at $1.63. Approximately 184,726 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 210,877 shares. The stock had previously closed at $1.61.

Analyst Upgrades and Downgrades

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

FingerMotion Stock Performance

The company has a 50-day simple moving average of $1.60 and a 200-day simple moving average of $1.99. The stock has a market cap of $96.84 million, a P/E ratio of -16.30 and a beta of -0.86.

FingerMotion (NASDAQ:FNGR - Get Free Report) last issued its quarterly earnings data 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 during the quarter.

Hedge Funds Weigh In On FingerMotion

Several institutional investors have recently bought and sold shares of the business. Kingsview Wealth Management LLC bought a new stake in shares of FingerMotion during the first quarter worth $30,000. CW Advisors LLC bought a new stake in shares of FingerMotion during the first quarter worth $107,000. Client 1ST Advisory Group LLC bought a new stake in shares of FingerMotion during the second quarter worth $29,000. XTX Topco Ltd bought a new stake in shares of FingerMotion during the second quarter worth $42,000. Finally, WINTON GROUP Ltd bought a new stake in shares of FingerMotion during the second quarter worth $26,000. Institutional investors own 3.90% of the company's stock.

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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