FingerMotion (NASDAQ:FNGR) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

FingerMotion (NASDAQ:FNGR) announced its earnings results on Thursday. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05), FiscalAI reports. The business had revenue of $0.28 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%.

FingerMotion Stock Up 1.3%

NASDAQ FNGR traded up $0.00 on Thursday, reaching $0.18. The company had a trading volume of 4,620,041 shares, compared to its average volume of 13,488,073. FingerMotion has a 52 week low of $0.13 and a 52 week high of $1.74. The stock’s 50 day moving average is $0.21 and its 200-day moving average is $0.50. The stock has a market cap of $13.31 million, a price-to-earnings ratio of -1.54 and a beta of -0.33.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of FingerMotion in a research note on Friday, September 18th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About FingerMotion

FingerMotion, Inc (NASDAQ: FNGR) is a mobile technology and services company focused primarily on the Chinese market. Through its subsidiaries and operating partners, the company provides mobile payment and recharge services, messaging solutions, and other mobile-related products designed to support consumers and businesses.

FingerMotion’s business activities have included SMS and multimedia messaging services, mobile data and communications solutions, and technology platforms that use data analytics to generate business insights.