BingEx (NASDAQ:FLX) Stock Rating Upgraded by Wall Street Zen

BingEx (NASDAQ:FLX) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of BingEx in a report on Monday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BingEx presently has an average rating of “Hold” and a consensus target price of $4.70.

BingEx Stock Performance

Shares of FLX stock opened at $3.63 on Friday. BingEx has a fifty-two week low of $2.01 and a fifty-two week high of $11.73. The stock has a 50 day simple moving average of $3.37 and a two-hundred day simple moving average of $3.18. The company has a market cap of $203.06 million, a P/E ratio of -363.00 and a beta of 0.90.

BingEx (NASDAQ:FLX) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $141.23 million for the quarter. BingEx had a negative return on equity of 1.13% and a negative net margin of 5.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in shares of BingEx during the second quarter worth about $34,000. Jane Street Group LLC acquired a new position in BingEx during the 2nd quarter valued at about $40,000. Schonfeld Strategic Advisors LLC acquired a new position in BingEx during the 3rd quarter valued at about $32,000. Citadel Advisors LLC increased its holdings in BingEx by 82.6% during the 3rd quarter. Citadel Advisors LLC now owns 111,004 shares of the company’s stock worth $355,000 after purchasing an additional 50,198 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of BingEx by 400.0% in the third quarter. Susquehanna International Group LLP now owns 6,495,883 shares of the company’s stock worth $20,852,000 after purchasing an additional 5,196,683 shares during the last quarter.

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.