FingerMotion (NASDAQ:FNGR) Announces Earnings Results, Meets Estimates

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

FingerMotion Trading Down 6.9%

NASDAQ FNGR opened at $0.72 on Tuesday. The firm has a market capitalization of $43.92 million, a price-to-earnings ratio of -7.17 and a beta of -0.46. The firm’s 50 day simple moving average is $0.94 and its 200 day simple moving average is $1.16. FingerMotion has a 1 year low of $0.71 and a 1 year high of $3.00.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of FingerMotion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On FingerMotion

Several large investors have recently modified their holdings of FNGR. WINTON GROUP Ltd bought a new position in FingerMotion during the second quarter worth $26,000. XTX Topco Ltd bought a new position in FingerMotion during the fourth quarter worth $34,000. Barclays PLC bought a new position in FingerMotion during the fourth quarter worth $37,000. Qube Research & Technologies Ltd raised its stake in FingerMotion by 75.3% during the third quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock worth $66,000 after buying an additional 17,836 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in FingerMotion in the fourth quarter valued at $85,000. Institutional investors own 3.90% of the company’s stock.

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.