In the past week, FNGR stock has gone up by 9.16%, with a monthly gain of 53.43% and a quarterly surge of 46.67%. The volatility ratio for the week is 7.10%, and the volatility levels for the last 30 days are 12.01% for FingerMotion Inc The simple moving average for the past 20 days is 14.66% for FNGR’s stock, with a -19.54% simple moving average for the past 200 days.
Is It Worth Investing in FingerMotion Inc (NASDAQ: FNGR) Right Now?
The 36-month beta value for FNGR is also noteworthy at 0.60. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for FNGR is 37.08M, and at present, short sellers hold a 5.80% of that float. The average trading volume of FNGR on April 26, 2024 was 309.45K shares.
FNGR) stock’s latest price update
FingerMotion Inc (NASDAQ: FNGR) has seen a rise in its stock price by 5.70 in relation to its previous close of 3.15. However, the company has experienced a 9.16% gain in its stock price over the last five trading sessions. Benzinga reported 2024-02-02 that The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
Analysts’ Opinion of FNGR
Many brokerage firms have already submitted their reports for FNGR stocks, with The Benchmark Company repeating the rating for FNGR by listing it as a “Buy.” The predicted price for FNGR in the upcoming period, according to The Benchmark Company is $5 based on the research report published on June 22, 2023 of the previous year 2023.
FNGR Trading at 27.98% from the 50-Day Moving Average
After a stumble in the market that brought FNGR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.22% of loss for the given period.
Volatility was left at 12.01%, however, over the last 30 days, the volatility rate increased by 7.10%, as shares surge +57.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.62% upper at present.
During the last 5 trading sessions, FNGR rose by +8.19%, which changed the moving average for the period of 200-days by -44.54% in comparison to the 20-day moving average, which settled at $2.96. In addition, FingerMotion Inc saw -17.18% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FNGR starting from Leong Yew Poh, who sale 12,500 shares at the price of $5.70 back on Sep 05 ’23. After this action, Leong Yew Poh now owns 200,000 shares of FingerMotion Inc, valued at $71,250 using the latest closing price.
Leong Yew Poh, the Director of FingerMotion Inc, sale 2,176 shares at $5.50 during a trade that took place back on Aug 30 ’23, which means that Leong Yew Poh is holding 212,500 shares at $11,968 based on the most recent closing price.
Stock Fundamentals for FNGR
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.09 for the gross margin
The net margin for FingerMotion Inc stands at -0.23. The total capital return value is set at -0.41. Equity return is now at value -43.35, with -27.26 for asset returns.
Based on FingerMotion Inc (FNGR), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -282.1. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -13.47.
Currently, EBITDA for the company is -6.91 million with net debt to EBITDA at 0.39. When we switch over and look at the enterprise to sales, we see a ratio of 4.3. The receivables turnover for the company is 5.18for trailing twelve months and the total asset turnover is 2.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.54.
Conclusion
In summary, FingerMotion Inc (FNGR) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
