FlexShopper Inc (NASDAQ:FPAY) has a beta value of 1.55 and has seen 0.13 million shares traded in the last trading session. The FPAY stock price is -41.92% off its 52-week high price of $2.37 and 41.92% 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 0.19 million shares traded. The 3-month trading volume is 255.55K 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 0.12% in the green 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 $1.67 or saw a rise of 7.22%. Year-to-date, FlexShopper Inc shares have moved -2.22%, while the 5-day performance has seen it change 16.92%. Over the past 30 days, the shares of FlexShopper Inc (NASDAQ:FPAY) have changed -1.07%. Short interest in the company has seen 94935.0 shares shorted with days to cover at 0.23.
Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 33.2% 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 -49.7% off the targeted high while a plunge would see the stock gain -49.7% from current levels.
FlexShopper Inc (FPAY) estimates and forecasts
The company’s shares have gained 51.31% over the past 6 months. 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 March 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 60.37% of the company shares, while shares held by institutions stand at 15.68% with a share float percentage of 39.56%. Investors are also buoyed by the number of investors in a company, with FlexShopper Inc having a total of 24.0 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 2.9006% 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 $0.71 million while later fund manager owns 194.57 shares of worth $0.33 million as of Sep 30, 2024 , which makes it owner of about 0.91% of company’s outstanding stock.
