FingerMotion (NASDAQ:FNGR) Posts Earnings Results, Beats Expectations By $0.02 EPS

FingerMotion (NASDAQ:FNGR) issued its quarterly earnings data on Wednesday. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02, Zacks reports. FingerMotion had a negative return on equity of 44.60% and a negative net margin of 29.00%.

FingerMotion Trading Down 1.4%

Shares of FNGR stock traded down $0.01 during trading hours on Wednesday, hitting $0.36. The company’s stock had a trading volume of 125,915 shares, compared to its average volume of 450,450. The stock has a market cap of $21.88 million, a PE ratio of -2.75 and a beta of -0.44. FingerMotion has a 12-month low of $0.30 and a 12-month high of $2.35. The company has a 50 day moving average of $0.62 and a 200 day moving average of $0.96.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded FingerMotion from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNGR. WINTON GROUP Ltd purchased a new stake in FingerMotion in the second quarter valued at $26,000. XTX Topco Ltd purchased a new position in shares of FingerMotion during the 4th quarter valued at about $34,000. Barclays PLC acquired a new position in shares of FingerMotion in the 4th quarter valued at about $37,000. Qube Research & Technologies Ltd lifted its holdings in shares of FingerMotion by 75.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock valued at $66,000 after buying an additional 17,836 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of FingerMotion in the fourth quarter worth about $85,000. 3.90% of the stock is currently owned by institutional investors and hedge funds.

FingerMotion Company Profile

FingerMotion, Inc is a mobile technology solutions provider focused on delivering affordable smartphones and digital services to emerging markets. The company’s core operations include the design, manufacture, and distribution of mobile devices under its proprietary Spyce brand, offering entry-level and mid-range handsets optimized for performance, security, and ease of use. FingerMotion integrates embedded software applications and firmware enhancements to improve user experience, device management, and after-sales support.

In addition to hardware, FingerMotion has developed a suite of mobile financial services and digital commerce offerings.