In the past week, FNGR stock has gone up by 15.38%, with a monthly gain of 3.96% and a quarterly plunge of -32.48%. The volatility ratio for the week is 10.38%, and the volatility levels for the last 30 days are 8.58% for FingerMotion Inc The simple moving average for the past 20 days is 9.06% for FNGR’s stock, with a -28.74% simple moving average for the past 200 days.
Is It Worth Investing in FingerMotion Inc (NASDAQ: FNGR) Right Now?
Company’s 36-month beta value is 0.10.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for FNGR is 37.25M, and currently, short sellers hold a 3.80% ratio of that floaft. The average trading volume of FNGR on August 23, 2024 was 264.28K shares.
FNGR) stock’s latest price update
FingerMotion Inc (NASDAQ: FNGR)’s stock price has soared by 10.53 in relation to previous closing price of 1.90. Nevertheless, the company has seen a gain of 15.38% in its stock price over the last five trading days. newsfilecorp.com reported 2024-08-19 that Singapore, Singapore–(Newsfile Corp. – August 19, 2024) – FingerMotion, Inc. (NASDAQ: FNGR) (the “Company” or “FingerMotion”), a mobile services and data company, today announced that the Advanced Mobile Integrated C2 Platform, developed by Shanghai JiuGe Information Technology Co., Ltd. (“JiuGe Technology”) and integrated with the Maxus vehicles produced by SAIC Motor Corporation Limited (“SAIC Maxus”), has officially received national certification from China’s Ministry of Industry and Information Technology (“MIIT”).
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 -3.43% 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 -73.65% of loss for the given period.
Volatility was left at 8.58%, however, over the last 30 days, the volatility rate increased by 10.38%, as shares sank -0.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.73% lower at present.
During the last 5 trading sessions, FNGR rose by +15.38%, which changed the moving average for the period of 200-days by -60.45% in comparison to the 20-day moving average, which settled at $1.9300. In addition, FingerMotion Inc saw -47.76% 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
- 0.12 for the gross margin
The net margin for FingerMotion Inc stands at -0.13. The total capital return value is set at -0.39. Equity return is now at value -33.28, with -20.28 for asset returns.
Based on FingerMotion Inc (FNGR), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -33.18.
Currently, EBITDA for the company is -3.75 million with net debt to EBITDA at 0.2. When we switch over and look at the enterprise to sales, we see a ratio of 3.43. The receivables turnover for the company is 1.87for trailing twelve months and the total asset turnover is 1.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.70.
Conclusion
In a nutshell, FingerMotion Inc (FNGR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
