FingerMotion (NASDAQ:FNGR) Posts Earnings Results

FingerMotion (NASDAQ:FNGR) released its quarterly earnings data on Friday. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03), FiscalAI reports. The firm had revenue of $1.23 million for the quarter, compared to analyst estimates of $6.00 million. FingerMotion had a negative net margin of 16.08% and a negative return on equity of 34.78%.

FingerMotion Stock Down 1.8%

NASDAQ:FNGR traded down $0.01 during trading hours on Friday, hitting $0.77. 122,723 shares of the company traded hands, compared to its average volume of 224,042. The company has a market cap of $47.19 million, a PE ratio of -7.70 and a beta of -0.46. The firm’s 50-day simple moving average is $0.95 and its 200-day simple moving average is $1.17. FingerMotion has a one year low of $0.75 and a one year high of $3.23.

Institutional Trading of FingerMotion

Several institutional investors and hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd bought a new position in shares of FingerMotion during the second quarter valued at about $26,000. XTX Topco Ltd bought a new position in shares of FingerMotion during the fourth quarter valued at about $34,000. Barclays PLC bought a new position in shares of FingerMotion during the fourth quarter valued at about $37,000. Qube Research & Technologies Ltd lifted its position in shares of FingerMotion by 75.3% during the third quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock valued at $66,000 after purchasing an additional 17,836 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of FingerMotion during the fourth quarter valued at about $85,000. Hedge funds and other institutional investors own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of FingerMotion from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About FingerMotion

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.