In the last trading session, 0.13 million shares of the FlexShopper Inc (NASDAQ:FPAY) were traded, and its beta was 1.42. Most recently the company’s share price was $1.66, and it changed around $0.03 or 1.84% from the last close, which brings the market valuation of the company to $35.63M. FPAY currently trades at a discount to its 52-week high of $2.37, offering almost -42.77% off that amount. The share price’s 52-week low was $0.97, which indicates that the current value has risen by an impressive 41.57% since then. We note from FlexShopper Inc’s average daily trading volume that its 10-day average is 0.66 million shares, with the 3-month average coming to 248.28K.
FlexShopper Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended FPAY as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight.
FlexShopper Inc (NASDAQ:FPAY) trade information
Instantly FPAY has showed a green trend with a performance of 1.84% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.8400 on recent trading dayincreased the stock’s daily price by 9.78%. The company’s shares are currently down -2.92% year-to-date, but still down -12.63% over the last five days. On the other hand, FlexShopper Inc (NASDAQ:FPAY) is -7.78% down in the 30-day period. We can see from the shorts that 0.4 million shares have been sold at a short interest cover period of 2.59 day(s).
The consensus price target as assigned by Wall Street analysts is $2.5, which translates to bulls needing to increase their stock price by 33.6% from its current value. Analyst projections state that FPAY is forecast to be at a low of $2.5 and a high of $2.5.
FlexShopper Inc (FPAY) estimates and forecasts
FlexShopper Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 41.88 percent over the past six months and at a 78.43% annual growth rate that is well above the industry average of 6.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.04%.
FPAY Dividends
FlexShopper Inc’s next quarterly earnings report is expected to be released in February.
FlexShopper Inc (NASDAQ:FPAY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 47.05% of FlexShopper Inc shares, and 15.81% of them are in the hands of institutional investors. The stock currently has a share float of 29.86%. FlexShopper Inc stock is held by 19.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.9689% of the shares, which is about 0.64 million shares worth $0.82 million.
PERKINS CAPITAL MANAGEMENT INC, with 2.885% or 0.62 million shares worth $0.8 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
