BingEx (NASDAQ:FLX) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of BingEx (NASDAQ:FLX) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $4.70 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 40.09% from the stock’s current price.

BingEx Stock Performance

Shares of FLX traded up $0.24 during trading hours on Tuesday, hitting $3.36. 118,800 shares of the company were exchanged, compared to its average volume of 48,337. BingEx has a fifty-two week low of $2.01 and a fifty-two week high of $21.95. The firm’s fifty day moving average is $2.39 and its 200 day moving average is $6.22.

BingEx (NASDAQ:FLX) last released its quarterly earnings data on Thursday, May 22nd. The company reported $0.07 earnings per share for the quarter. The business had revenue of $132.40 million during the quarter.

Hedge Funds Weigh In On BingEx

A hedge fund recently bought a new stake in BingEx stock. Citadel Advisors LLC bought a new stake in BingEx Limited (NASDAQ:FLX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 113,507 shares of the company’s stock, valued at approximately $919,000. Citadel Advisors LLC owned about 0.16% of BingEx at the end of the most recent quarter.

About BingEx

BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People’s Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website.