BingEx (NASDAQ:FLX) Trading Down 1.4% – Should You Sell?

Posted by Joseph Griffin on Aug 6th, 2026

BingEx Limited (NASDAQ:FLX – Get Free Report) shares fell 1.4% on Tuesday . The company traded as low as $2.08 and last traded at $2.18. 274,458 shares changed hands during mid-day trading, an increase of 127% from the average daily volume of 120,781 shares. The stock had previously closed at $2.21.

Analyst Upgrades and Downgrades

FLX has been the topic of several recent research reports. Wall Street Zen lowered BingEx from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings raised shares of BingEx from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

View Our Latest Stock Analysis on BingEx

BingEx Price Performance

The firm’s 50 day moving average is $2.19 and its 200 day moving average is $2.52. The firm has a market cap of $122.25 million, a P/E ratio of 11.72 and a beta of 0.49.

Institutional Investors Weigh In On BingEx

Several institutional investors and hedge funds have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC purchased a new position in BingEx in the 3rd quarter worth about $32,000. XTX Topco Ltd purchased a new position in shares of BingEx during the second quarter valued at approximately $34,000. Jane Street Group LLC bought a new position in BingEx during the fourth quarter valued at approximately $38,000. SmartHarvest Portfolios LLC purchased a new stake in BingEx in the fourth quarter worth approximately $39,000. Finally, Dimensional Fund Advisors LP purchased a new stake in BingEx during the 1st quarter valued at $66,000.

About BingEx

(Get Free Report)

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. The company was incorporated in 2014 and is headquartered in Beijing, the People’s Republic of China.