FlexShopper Inc (NASDAQ:FPAY) has a beta value of 1.42 and has seen 0.49 million shares traded in the recent trading session. The company, currently valued at $47.43M, closed the recent trade at $2.21 per share which meant it gained $0.06 on the day or 2.79% during that session. The FPAY stock price is -4.07% off its 52-week high price of $2.30 and 56.11% above the 52-week low of $0.97. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.36 million shares traded. The 3-month trading volume is 189.69K shares.
The consensus among analysts is that FlexShopper Inc (FPAY) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.02.
FlexShopper Inc (NASDAQ:FPAY) trade information
Sporting 2.79% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FPAY stock price touched $2.21 or saw a rise of 5.15%. Year-to-date, FlexShopper Inc shares have moved 29.24%, while the 5-day performance has seen it change 37.27%. Over the past 30 days, the shares of FlexShopper Inc (NASDAQ:FPAY) have changed 16.93%. Short interest in the company has seen 0.4 million shares shorted with days to cover at 2.59.
Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 11.6% from the levels at last check today.. The projected low price target is $2.5 while the price target rests at a high of $2.5. In that case, then, we find that the latest price level in today’s session is -13.12% off the targeted high while a plunge would see the stock gain -13.12% from the levels at last check today..
FlexShopper Inc (FPAY) estimates and forecasts
Figures show that FlexShopper Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 90.52% over the past 6 months, with this year growth rate of 78.43%, compared to 7.70% for the industry. Revenue growth from the last financial year stood is estimated to be 23.31%.
2 analysts offering their estimates for the company have set an average revenue estimate of 39.95M for the current quarter. 1 have an estimated revenue figure of 30.9M for the next ending quarter. Year-ago sales stood 30.27M and 33.94M respectively for this quarter and the next, and analysts expect sales will grow by 31.97% for the current quarter and 23.31% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.04% over the past 5 years.
FPAY Dividends
FlexShopper Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
FlexShopper Inc (NASDAQ:FPAY)’s Major holders
Insiders own 47.05% of the company shares, while shares held by institutions stand at 15.81% with a share float percentage of 29.86%. Investors are also buoyed by the number of investors in a company, with FlexShopper Inc having a total of 19.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 0.64 million shares worth more than $0.82 million. As of 2024-06-30, VANGUARD GROUP INC held 2.9689% of shares outstanding.
The other major institutional holder is PERKINS CAPITAL MANAGEMENT INC, with the holding of over 0.62 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.8 million and represent 2.885% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 1.98% shares in the company for having 425.18 shares of worth $0.97 million while later fund manager owns 194.57 shares of worth $0.44 million as of Sep 30, 2024 , which makes it owner of about 0.91% of company’s outstanding stock.
