FingerMotion Inc. (NASDAQ:FNGR) finished Friday with an addition of $0.26 to close at $5.46, an upside of 5.00 percent. An average of 475,400 shares of common stock have been traded in the last five days. There was a gain of $0.25 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 777,490 shares traded, while the 50-day average volume stands at 954,524.
FNGR stock has decreased by -9.30% in the last month. The company shares reached their 1-month lowest point of $3.85 on 07/24/23. With the stock rallying to its 52-week high on 07/12/23, shares of the company touched a low of $0.62 and a high of $9.80 in 52 weeks. It has reached a new high 11 times so far this year and achieved 94.31% or $2.65 in price. In spite of this, the price is down -44.26% from the 52-week high.
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Insider Transactions
FNGR stock investors should be aware that FingerMotion Inc. (FNGR) stock had its last reported insider trading activity 12 days ago on Jul 31. In this transaction, the insider spent $45,319. Director, Leong Yew Poh, disposed of 5,000 shares at a price of $5.28 on Jul 28. The insider now owns more than $26,375 worth of shares. Prior to that, Director Leong Yew Poh went on to Sale 2,500 shares at $4.30 each on Jul 24. An amount of $10,750 was transacted.
Valuation Metrics
FingerMotion Inc. (FNGR) has a trailing price-to-sales (P/S) ratio at 7.65, the price-to-book (PB) ratio at 20.22.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending May 30. FingerMotion Inc.’s EBITDA margin for the year ending May 30 is -19.04%, while its operating margin for the same period stands at -15.40%. Its gross profit as reported stood at $2.32 million compared to revenue of $34.05 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, FingerMotion Inc.’s return on assets was -45.60%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$1.27 million in the quarter, while revenues were shrunk -13.39%. The analyst consensus anticipated FingerMotion Inc.’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.02, a 60.00% surprise. For the quarter, EBITDA amounted to -$1.16 million. Shareholders own equity worth $51.99 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at FingerMotion Inc. (FNGR) price momentum. RSI 9-day as of the close on 11 August was 56.21%, suggesting the stock is Neutral, with historical volatility in this time frame at 97.24%.
As of today, FNGR’s price is $5.27 +4.80% or $0.25 from its 5-day moving average. FNGR is currently trading -4.21% lower than its 20-day SMA and +340.32% higher than its 100-day SMA. However, the stock’s current price level is +234.97% above the SMA50 and -16.51% below the SMA200.
The stochastic %K and %D were 59.67% and 59.82%, respectively, and the average true range (ATR) was 0.63. With the 14-day stochastic at 65.22% and the average true range at 0.66, the RSI (14) stands at 56.96%. The stock has reached -0.12 on the 9-day MACD Oscillator while the 14-day reading was at 0.01.
Analyst Ratings
The Benchmark Company launched coverage on FingerMotion Inc. (NASDAQ: FNGR) in its analyst report released on June 22, 2023. The firm assigned the stock a Buy rating. The consensus rating for FingerMotion Inc. (FNGR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FNGR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
