The stock of FlexShopper Inc (FPAY) has seen a -4.83% decrease in the past week, with a 23.21% gain in the past month, and a 25.45% flourish in the past quarter. The volatility ratio for the week is 13.75%, and the volatility levels for the past 30 days are at 9.04% for FPAY. The simple moving average for the past 20 days is 3.47% for FPAY’s stock, with a 17.81% simple moving average for the past 200 days.
Is It Worth Investing in FlexShopper Inc (NASDAQ: FPAY) Right Now?
Additionally, the 36-month beta value for FPAY is 1.35. There are mixed opinions on the stock, with 3 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 FPAY is 11.53M and currently, short sellers hold a 0.30% ratio of that float. The average trading volume of FPAY on October 31, 2024 was 65.95K shares.
FPAY) stock’s latest price update
FlexShopper Inc (NASDAQ: FPAY) has experienced a decline in its stock price by -6.76 compared to its previous closing price of 1.48. However, the company has seen a fall of -4.83% in its stock price over the last five trading days. globenewswire.com reported 2024-10-28 that Net proceeds of the rights offering will be used primarily to repurchase over 90% of the Company’s series 2 convertible preferred stock and reduce a portion of the outstanding balance under its credit facility Net proceeds of the rights offering will be used primarily to repurchase over 90% of the Company’s series 2 convertible preferred stock and reduce a portion of the outstanding balance under its credit facility
Analysts’ Opinion of FPAY
Many brokerage firms have already submitted their reports for FPAY stocks, with Ascendiant Capital Markets repeating the rating for FPAY by listing it as a “Buy.” The predicted price for FPAY in the upcoming period, according to Ascendiant Capital Markets is $3 based on the research report published on April 10, 2019 of the previous year 2019.
FPAY Trading at 17.89% from the 50-Day Moving Average
After a stumble in the market that brought FPAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.23% of loss for the given period.
Volatility was left at 9.04%, however, over the last 30 days, the volatility rate increased by 13.75%, as shares surge +17.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.96% upper at present.
During the last 5 trading sessions, FPAY fell by -4.83%, which changed the moving average for the period of 200-days by -6.12% in comparison to the 20-day moving average, which settled at $1.3337. In addition, FlexShopper Inc saw -17.37% 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 FPAY starting from Dvorkin Howard, who purchase 16,200 shares at the price of $1.17 back on Aug 22 ’24. After this action, Dvorkin Howard now owns 4,534,558 shares of FlexShopper Inc, valued at $18,954 using the latest closing price.
Dvorkin Howard, the Director of FlexShopper Inc, purchase 6,900 shares at $1.10 during a trade that took place back on Aug 23 ’24, which means that Dvorkin Howard is holding 4,541,458 shares at $7,590 based on the most recent closing price.
Stock Fundamentals for FPAY
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.47 for the gross margin
The net margin for FlexShopper Inc stands at -0.0. The total capital return value is set at 0.13. Equity return is now at value -1.91, with -0.34 for asset returns.
Based on FlexShopper Inc (FPAY), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at -0.22. The debt to equity ratio resting at 4.67. The interest coverage ratio of the stock is 0.98.
Currently, EBITDA for the company is 23.31 million with net debt to EBITDA at 2.91. When we switch over and look at the enterprise to sales, we see a ratio of 1.21. The receivables turnover for the company is 1.31for trailing twelve months and the total asset turnover is 0.74.
Conclusion
In conclusion, FlexShopper Inc (FPAY) 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.
