FlexShopper Inc (NASDAQ:FPAY) has a beta value of 1.42 and has seen 1.36 million shares traded in the last trading session. The company, currently valued at $45.50M, closed the last trade at $2.12 per share which meant it lost -$0.03 on the day or -1.40% during that session. The FPAY stock price is -8.49% off its 52-week high price of $2.30 and 54.25% 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 0.37 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.
FlexShopper Inc (NASDAQ:FPAY) trade information
Sporting -1.40% in the red in last session, 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 $2.12 or saw a rise of 10.55%. Year-to-date, FlexShopper Inc shares have moved 23.98%, while the 5-day performance has seen it change 31.68%. Over the past 30 days, the shares of FlexShopper Inc (NASDAQ:FPAY) have changed 12.17%. 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 15.2% from current levels. 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 current price level is -17.92% off the targeted high while a plunge would see the stock gain -17.92% from current levels.
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 82.76% over the past 6 months, with this year growth rate of 78.43%, compared to 7.70% for the industry.
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.
