BingEx (NASDAQ:FLX) Announces Earnings Results

BingEx (NASDAQ:FLX) announced its quarterly earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, Zacks reports. The company had revenue of $143.02 million during the quarter.

BingEx Trading Up 4.1%

Shares of FLX stock opened at $3.29 on Thursday. The company has a market cap of $184.04 million and a PE ratio of -18.28. The company’s fifty day simple moving average is $3.16 and its 200-day simple moving average is $4.41. BingEx has a 52 week low of $2.01 and a 52 week high of $21.95.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FLX shares. Deutsche Bank Aktiengesellschaft initiated coverage on BingEx in a report on Tuesday, June 10th. They set a “buy” rating and a $4.70 price objective for the company. Wall Street Zen upgraded BingEx to a “hold” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $4.70.

Institutional Trading of BingEx

A hedge fund recently bought a new stake in BingEx stock. XTX Topco Ltd acquired a new stake in BingEx Limited (NASDAQ:FLX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,831 shares of the company’s stock, valued at approximately $34,000.

BingEx Company Profile

BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People’s Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website.