FingerMotion Sees Unusually High Options Volume (NASDAQ:FNGR)

Posted by Defense World Staff on Jun 23rd, 2023

FingerMotion, Inc. (NASDAQ:FNGR – Get Rating) saw some unusual options trading activity on Thursday. Stock traders bought 2,368 call options on the company. This is an increase of approximately 551% compared to the typical daily volume of 364 call options.

Hedge Funds Weigh In On FingerMotion

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in shares of FingerMotion during the 1st quarter worth approximately $27,000. BlackRock Inc. grew its holdings in FingerMotion by 35.5% during the first quarter. BlackRock Inc. now owns 81,712 shares of the company’s stock valued at $123,000 after purchasing an additional 21,390 shares during the period. Advisor Resource Council bought a new stake in FingerMotion in the first quarter valued at approximately $26,000. International Assets Investment Management LLC bought a new stake in shares of FingerMotion in the 1st quarter valued at $134,000. Finally, MCF Advisors LLC increased its holdings in shares of FingerMotion by 2,420.1% in the first quarter. MCF Advisors LLC now owns 52,066 shares of the company’s stock worth $78,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors own 7.65% of the company’s stock.

FingerMotion Trading Up 3.5 %

FingerMotion stock opened at $2.99 on Friday. FingerMotion has a 52 week low of $0.62 and a 52 week high of $9.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 8.48 and a current ratio of 8.48. The firm has a market capitalization of $155.45 million, a PE ratio of -17.59 and a beta of -1.00. The business’s 50-day simple moving average is $1.76 and its 200-day simple moving average is $2.35.

FingerMotion (NASDAQ:FNGR – Get Rating) last released its earnings results on Tuesday, May 30th. The company reported ($0.04) earnings per share (EPS) for the quarter. FingerMotion had a negative net margin of 22.14% and a negative return on equity of 96.94%. The business had revenue of $12.81 million during the quarter.

Analysts Set New Price Targets

Separately, Benchmark initiated coverage on shares of FingerMotion in a report on Thursday. They set a “buy” rating and a $5.00 price objective for the company.

FingerMotion Company Profile

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FingerMotion, Inc, a mobile data specialist company, provides mobile payment and recharge platform system in China. The company offers telecommunication products and services, including data plans, subscription plans, mobile phones, and loyalty points redemption services; bulk short message service and multimedia messaging services; and Rich Communication Services (RCS) platform, a proprietary business messaging platform that enables businesses and brands to communicate and service their customers on the 5G infrastructure.