Stock Traders Buy High Volume of FingerMotion Call Options (NASDAQ:FNGR)

FingerMotion, Inc. (NASDAQ:FNGR) was the recipient of unusually large options trading on Wednesday. Stock investors bought 5,385 call options on the company. This is an increase of 347% compared to the average volume of 1,205 call options.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FingerMotion stock. Platform Technology Partners lifted its position in FingerMotion, Inc. (NASDAQ:FNGR) by 54.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,643 shares of the company’s stock after purchasing an additional 92,028 shares during the period. Platform Technology Partners owned about 0.42% of FingerMotion worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FingerMotion in a research report on Friday, September 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, FingerMotion has an average rating of “Sell”.

FingerMotion Stock Performance

Shares of NASDAQ:FNGR traded up $0.03 during trading on Wednesday, reaching $0.17. 220,491,995 shares of the stock traded hands, compared to its average volume of 11,571,694. The stock has a 50-day moving average of $0.22 and a two-hundred day moving average of $0.58. FingerMotion has a 52-week low of $0.13 and a 52-week high of $2.20. The stock has a market cap of $12.35 million, a P/E ratio of -1.43 and a beta of -0.37.

FingerMotion (NASDAQ:FNGR) last posted its earnings results on Wednesday, July 15th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $0.65 million during the quarter, compared to analyst estimates of $6.00 million. FingerMotion had a negative return on equity of 46.67% and a negative net margin of 42.81%.

About FingerMotion

FingerMotion, Inc (NASDAQ: FNGR) is a mobile technology and services company focused primarily on the Chinese market. The company provides telecommunications products and services through carrier-related offerings, including mobile messaging, mobile top-up services, subscription plans and other solutions designed to support mobile users and businesses.

FingerMotion also develops data-driven technology through its Sapientus platform. Sapientus is designed to collect and analyze large amounts of data to help insurance companies and other organizations evaluate risk, improve customer engagement and develop more informed business and underwriting strategies.

The company was established in the 2010s and has built its operations around mobile communications, digital services and big-data applications in China, while maintaining a corporate presence in the United States.