FingerMotion (NASDAQ:FNGR) Trading Down 12.6% – Should You Sell?

FingerMotion, Inc. (NASDAQ:FNGR)’s stock price was down 12.6% on Wednesday . The stock traded as low as $1.18 and last traded at $1.18. Approximately 320,532 shares traded hands during trading, an increase of 110% from the average daily volume of 152,338 shares. The stock had previously closed at $1.35.

Analyst Ratings Changes

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

FingerMotion Stock Down 12.6%

The firm has a market cap of $72.31 million, a price-to-earnings ratio of -11.80 and a beta of -0.75. The company’s fifty day moving average is $1.20 and its 200 day moving average is $1.40.

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. FingerMotion had a negative net margin of 16.08% and a negative return on equity of 34.78%. The business had revenue of $5.80 million during the quarter.

Institutional Trading of FingerMotion

Several institutional investors and hedge funds have recently bought and sold shares of the stock. WINTON GROUP Ltd bought a new position in FingerMotion in the second quarter valued at approximately $26,000. XTX Topco Ltd bought a new stake in shares of FingerMotion during the 2nd quarter worth approximately $42,000. Barclays PLC acquired a new stake in shares of FingerMotion in the 4th quarter valued at approximately $37,000. Qube Research & Technologies Ltd grew its stake in shares of FingerMotion by 75.3% in the third quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock valued at $66,000 after buying an additional 17,836 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of FingerMotion by 143.6% in the third quarter. Envestnet Asset Management Inc. now owns 60,029 shares of the company’s stock valued at $95,000 after buying an additional 35,388 shares in the last quarter. Institutional investors own 3.90% of the company’s stock.

FingerMotion Company Profile

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.