FingerMotion (NASDAQ:FNGR) Stock Price Up 9.8% – Time to Buy?

FingerMotion, Inc. (NASDAQ:FNGR)’s stock price shot up 9.8% during trading on Wednesday . The stock traded as high as $1.25 and last traded at $1.23. 254,275 shares were traded during mid-day trading, an increase of 54% from the average session volume of 165,649 shares. The stock had previously closed at $1.12.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of FingerMotion in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

FingerMotion Stock Up 9.8%

The company has a market cap of $75.37 million, a P/E ratio of -12.30 and a beta of -0.78. The firm has a fifty day moving average price of $1.23 and a 200 day moving average price of $1.43.

FingerMotion (NASDAQ:FNGR) last issued its quarterly earnings results on Wednesday, January 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $5.80 million for the quarter. FingerMotion had a negative return on equity of 34.78% and a negative net margin of 16.08%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FNGR. XTX Topco Ltd bought a new position in FingerMotion in the 4th quarter valued at $34,000. Barclays PLC acquired a new position in shares of FingerMotion during the fourth quarter valued at $37,000. Goldman Sachs Group Inc. bought a new position in FingerMotion in the fourth quarter valued at about $85,000. Qube Research & Technologies Ltd increased its position in FingerMotion by 75.3% in the third quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock worth $66,000 after purchasing an additional 17,836 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in FingerMotion by 143.6% in the third quarter. Envestnet Asset Management Inc. now owns 60,029 shares of the company’s stock worth $95,000 after purchasing an additional 35,388 shares during the period. Institutional investors and hedge funds own 3.90% of the company’s stock.

About FingerMotion

FingerMotion, Inc is a mobile technology solutions provider focused on delivering affordable smartphones and digital services to emerging markets. The company’s core operations include the design, manufacture, and distribution of mobile devices under its proprietary Spyce brand, offering entry-level and mid-range handsets optimized for performance, security, and ease of use. FingerMotion integrates embedded software applications and firmware enhancements to improve user experience, device management, and after-sales support.

In addition to hardware, FingerMotion has developed a suite of mobile financial services and digital commerce offerings.