The stock of FingerMotion Inc (FNGR) has seen a 4.05% increase in the past week, with a 3.82% gain in the past month, and a 2.58% flourish in the past quarter. The volatility ratio for the week is 8.32%, and the volatility levels for the past 30 days are at 6.25% for FNGR. The simple moving average for the last 20 days is 0.82% for FNGR’s stock, with a simple moving average of -14.30% for the last 200 days.
Is It Worth Investing in FingerMotion Inc (NASDAQ: FNGR) Right Now?
Additionally, the 36-month beta value for FNGR is 0.11. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FNGR is 37.25M and currently, short sellers hold a 3.98% ratio of that float. The average trading volume of FNGR on October 15, 2024 was 203.47K shares.
FNGR) stock’s latest price update
The stock price of FingerMotion Inc (NASDAQ: FNGR) has dropped by -8.96 compared to previous close of 2.40. Despite this, the company has seen a gain of 4.05% 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 4.49% 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 -69.86% of loss for the given period.
Volatility was left at 6.25%, however, over the last 30 days, the volatility rate increased by 8.32%, as shares sank -6.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.17% upper at present.
During the last 5 trading sessions, FNGR rose by +4.05%, which changed the moving average for the period of 200-days by -47.85% in comparison to the 20-day moving average, which settled at $2.17. In addition, FingerMotion Inc saw -45.65% in overturn over a single year, with a tendency to cut further losses.
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 3.57. 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 conclusion, FingerMotion Inc (FNGR) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
