In the last trading session, 1.42 million FingerMotion Inc. (NASDAQ:FNGR) shares changed hands as the company’s beta touched 1.17. With the company’s per share price at $6.04 changed hands at -$0.98 or -13.96% during last session, the market valuation stood at $365.00M. FNGR’s last price was a discount, traded about -62.25% off its 52-week high of $9.80. The share price had its 52-week low at $0.62, which suggests the last value was 89.74% up since then. When we look at FingerMotion Inc.’s average trading volume, we note the 10-day average is 1.4 million shares, with the 3-month average coming to 1.03 million.
Analysts gave the FingerMotion Inc. (FNGR) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended FNGR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. FingerMotion Inc.’s EPS for the current quarter is expected to be -$0.02.
FingerMotion Inc. (NASDAQ:FNGR) trade information
Instantly FNGR was in red as seen at the end of in last trading. With action -8.35%, the performance over the past five days has been red. The drop to weekly highs of 7.97 on Friday, 09/15/23 subtracted -13.96% to the stock’s daily price. The company’s shares are showing year-to-date upside of 114.95%, with the 5-day performance at -8.35% in the red. However, in the 30-day time frame, FingerMotion Inc. (NASDAQ:FNGR) is 25.31% up. Looking at the short shares, we see there were 0.44 million shares sold at short interest cover period of 0.82 days.
The consensus price target for the stock as assigned by Wall Street analysts is $5.00, meaning bulls need a downside of -20.8% from its current market value. According to analyst projections, FNGR’s forecast low is $5.00 with $5.00 as the target high. To hit the forecast high, the stock’s price needs a 17.22% surge from its current level, while the stock would need to tank 17.22% for it to hit the projected low.
FingerMotion Inc. (FNGR) estimates and forecasts
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $14.8 million. 1 analysts are of the opinion that FingerMotion Inc.’s revenue for the quarter ending Nov 2023 will be $21 million.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -2.80%. The 2023 estimates are for FingerMotion Inc. earnings to decrease by -41.50%.
FingerMotion Inc. is expected to release its next quarterly earnings report between October 16 and October 20.
FingerMotion Inc. (NASDAQ:FNGR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 48.27% of FingerMotion Inc. shares while 1.39% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.69%. There are 1.39% institutions holding the FingerMotion Inc. stock share, with Prime Capital Investment Advisors, LLC the top institutional holder. As of Jun 29, 2023, the company held 0.24% of the shares, roughly 100000.0 FNGR shares worth $0.6 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 0.22% or 93647.0 shares worth $0.57 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jul 30, 2023 were iShares Micro Cap ETF and Fidelity NASDAQ Composite Index Fund. With 84590.0 shares estimated at $0.51 million under it, the former controlled 0.20% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.06% of the shares, roughly 25594.0 shares worth around $0.15 million.