In last trading session, FlexShopper Inc (NASDAQ:FPAY) saw 0.17 million shares changing hands with its beta currently measuring 1.36. Company’s recent per share price level of $1.85 trading at $0.16 or 9.47% at ring of the bell on the day assigns it a market valuation of $39.70M. That closing price of FPAY’s stock is at a discount of -5.41% from its 52-week high price of $1.95 and is indicating a premium of 47.57% from its 52-week low price of $0.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.14 million shares which gives us an average trading volume of 104.26K if we extend that period to 3-months.
For FlexShopper Inc (FPAY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
FlexShopper Inc (NASDAQ:FPAY) trade information
Upright in the green during last session for gaining 9.47%, in the last five days FPAY remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $1.85 price level, adding 0.27% to its value on the day. FlexShopper Inc’s shares saw a change of 10.78% in year-to-date performance and have moved 6.94% in past 5-day. FlexShopper Inc (NASDAQ:FPAY) showed a performance of 25.00% in past 30-days. Number of shares sold short was 0.4 million shares which calculate 2.59 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a rise of 26.0% to its current value. Analysts have been projecting 2.5 as a low price target for the stock while placing it at a high target of 2.5. It follows that stock’s current price would drop -35.14% in reaching the projected high whereas dropping to the targeted low would mean a loss of -35.14% for stock’s current value.
FlexShopper Inc (FPAY) estimates and forecasts
Statistics highlight that FlexShopper Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 66.67% of value to its shares in past 6 months, showing an annual growth rate of 78.43% while that of industry is 8.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 18.04% during past 5 years.
FlexShopper Inc (NASDAQ:FPAY)’s Major holders
Insiders are in possession of 47.05% of company’s total shares while institution are holding 15.81 percent of that, with stock having share float percentage of 29.86%. Investors also watch the number of corporate investors in a company very closely, which is 15.81% institutions for FlexShopper Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at FPAY for having 0.64 million shares of worth $0.82 million. And as of 2024-06-30, it was holding 2.9689 of the company’s outstanding shares.
The second largest institutional holder is PERKINS CAPITAL MANAGEMENT INC, which was holding about 0.62 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.885 of outstanding shares, having a total worth of $0.8 million.
